FIFA Should Be Included in Swiss Money Laundering Laws

Swiss lawmakers intend to broaden money laundering laws that target political figures to include sports officials from FIFA and the International Olympic Committee.

The legal committee of Parliament’s lower house approved a proposal to expand Swiss banks’ scrutiny of accounts and transfers to include international sporting organizations, according to a statement published today. The decision, which follows that of an upper house panel, is non-binding and requires endorsement by the plenary body in Bern.