When I read those stories about footballers being sold on the soccer transfer market for tens of millions of pounds and Euros my mind turns to eccentric men with more money than sense who can afford to have a really expensive hobby by buying a side in one of the top European leagues. Italilan Prime Minister Silvio Berlusconi fits the image with his team in Milan and Roman Abramovich at Chelsea. But now, I notice, the Financial Action Task Force (FATF) which is an inter-governmental body whose purpose is the development and promotion of national and international policies to combat money laundering and terrorist financing, has come up with a different theory.
According to these crime watchers have just completed a study "Money Laundering through the Football Sector" on what may make the football sector attractive to cfiminals. Their report provides several case examples of areas that could be exploited by those wanting to invest illegal money into football.