Money Laundering

Since the explosive indictments and arrests of international football officials in May, fifa President Sepp Blatter -- previously a prolific traveller -- had only once left his home base of Switzerland. In the end, he wasn’t even safe in his own office.On Friday morning, staff from the Swiss Attorney General’s Office (OAG) arrived at FIFA’s headquarters building high in the hills above Zurich.

There has been a 40% jump in the number of suspicious financial transactions reported to the authorities in the last two years, according to Ireland’s first money-laundering report.

James Grant, the defense attorney of Radovan Krejčíř, asked the court for permission of psychiatric examination to his client. According to him, escaped Czech businessman is suffering from delusions. He doesn´t understand payments for lawyer services and he thinks that foreign countries offer him minister posts. Krejčíř was in Johannesburg sentenced to a 35 years imprisonment for an attempted murder, kidnapping and drug trafficking.

A global group of government anti-money-laundering agencies said that financial institutions have not done enough to police suspicious financial activity by officials at football’s global governing body fifa, and cautioned banks to step up scrutiny.The warning from the Paris-based Financial Action Task Force came in the wake of last month’s indictment by the U.S. of nine current and former fifa officials and five business executives on a series of Corruption charges, including Bribery, Money Laundering and wire fraud.With the U.S.

Fifa's embattled president, Sepp Blatter, and his second-in-command have hired high-powered lawyers to represent them as Swiss authorities identified suspicious bank transactions in a Corruption probe engulfing football's global governing body.

Switzerland's attorney general said on Wednesday his office had seized around nine terabytes of data as part of a sweeping investigation into allegations of Bribery and Corruption at world football's governing body fifa.

The Monetary Authority of Singapore has ordered a Swiss merchant bank to close and fined two other banks for breaching anti-Money Laundering controls.

Deutsche Bank AG (DBKGn.DE) is looking into possible Money Laundering transactions by some of its clients in Russia which could exceed $6 billion (£4 billion), a source familiar with the matter told Reuters on Friday.

Swiss authorities said on Friday they seized documents from a defunct sports rights marketing agency roughly 50 kilometres east of Zurich on the same day as they seized data and documents at fifa linked to the allocation of the next two World Cups.

HSBC said on Thursday it had agreed to pay the authorities in Geneva 40 million Swiss francs (28 million pounds) to settle an investigation into allegations of Money Laundering at its Swiss private bank.