• DE
  • FR
  • EN
Tel. +49 (0) 6171 – 95 598 0
CURENTIS Banking - Consulting und innovative Digitalisierung
  • Start
  • Consulting
    • Übersicht
    • Regulatory Reporting
    • Anti-Financial Crime
    • Sustainable Banking
    • Project Services
    • Information Security
    • AFC Factory
  • Produkte
    • Übersicht
    • Docu-CHECK
    • YourSupplyCHECK
    • YourKYCplus
    • YourBauFiplus
    • YourDORACHECK
  • Regionen
    • Deutschland
    • Luxemburg
    • Schweiz
  • Training
    • Übersicht
    • Anti-Financial Crime
    • Regulatory Reporting
    • Sustainable Banking
    • CURENTIS Seminare
  • Karriere
  • Über uns
    • Management
    • Nachhaltigkeit
    • Partner
    • Standorte
    • Wertekodex
  • News
    • Aktuelles
    • Publikationen
  • Suche
  • Menü Menü

Weaknesses of FIFA’s Organization Structure

Anti-Financial Crime

One of the most challenging things during the due diligence of a client is identifying beneficial owners of an entity and understanding potential weak points in the ownership chain of a company. This article aims to consolidate and show weaknesses of the FIFA’s organization structure that were exploited in the selfish interests of the executive committee members and WC hosting countries for decades.

An important role in determining where the next World Cup championship would take place was the Executive Committee (in 2016 reorganized to FIFA’s Council, which includes 37 members) of FIFA. It consisted of 24 members which included the President, General Secretary, 8 Vice Presidents and 15 members. 8 VCs and 15 members were coming from FIFA’s 6 confederations which represent different continents as shown in the Organization chart. Each executive member served a term of 4 years and could be reelected. Beside the executive committee, FIFA has a congress composed of 211 national associations. These national associations make up the 6 confederations. The congress meets annually and every 4 years elects the President of FIFA.

AFC – Asian Football Confederation

OFC – Oceania Football Confederation

CAF – Confederation of African Football

UEFA – Union of European Football Associations

CONCACAF – Confederation of North, Central American and Caribbean Association Football

CONMEBOL – Confederation Sudamericana de Futbol

Every 4 years, the Executive Committee chooses the hosting country for the World Cup. In 2004, there were two candidates for hosting the WC 2010; Morocco and South Africa. According to investigative journalists, South Africa paid $10 million to the Vice President of FIFA from CONCACAF to secure the votes (CONCACAF had 3 voting rights on the executive committee of FIFA) for hosting WC 2010. 10% of the $10 million transferred to the former vice president of the US Soccer Federation. A similar strategy was used by Qatar to win the bid for the WC 2022. Three CAF voting members were bribed for $1-5 million each to get their votes.

Other scandals show how the former president and some vice presidents of FIFA were bribing other executive members of confederations to get elected as President of FIFA. In the book by Mr. Yallop “How they stole the Game” reported how FIFA’s former president engineered a victory over Mr. Johansson by buying votes with envelopes of cash. Later in 2011, the same tactic was used by another FIFA member of the executive committee to save votes of Caribbean officials to get elected as President of FIFA.

Thus, these cases show how the officials and executives on the periphery of the FIFA organization were exploited in their own interests. It is important to identify and understand every chain in the ownership structure to prevent illegal activities by organizations and companies.

 

#AML #KYC #Compliance #Regulatory #Source of Funds #FIFA #Qatar #WorldCup #Luxemburg #Germany #Switzerland

#Curentis AG

30. November 2022
Eintrag teilen
  • Teilen auf Facebook
  • Teilen auf X
  • Teilen auf LinkedIn
  • Per E-Mail teilen
https://curentis.com/wp-content/uploads/2022/11/FIFA_2.jpg 758 1379 julian.schlosser@curentis.com /wp-content/uploads/2022/02/logo-2-2-1.png julian.schlosser@curentis.com2022-11-30 15:33:132022-11-30 15:38:14Weaknesses of FIFA’s Organization Structure

Kategorien

  • Allgemein
  • Anti-Financial Crime
  • Project Services
  • Regulatorik
  • Sustainable Banking

Archive

  • Mai 2025
  • April 2025
  • März 2025
  • Februar 2025
  • Januar 2025
  • November 2024
  • Oktober 2024
  • September 2024
  • August 2024
  • Juli 2024
  • Juni 2024
  • Mai 2024
  • April 2024
  • März 2024
  • Februar 2024
  • Januar 2024
  • Dezember 2023
  • November 2023
  • Oktober 2023
  • September 2023
  • August 2023
  • Juli 2023
  • Juni 2023
  • Mai 2023
  • April 2023
  • März 2023
  • Februar 2023
  • Januar 2023
  • Dezember 2022
  • November 2022
  • Oktober 2022
  • September 2022
  • August 2022
  • Juli 2022
  • Juni 2022
  • Mai 2022
  • April 2022
  • März 2022
  • Februar 2022
  • Januar 2022
  • Dezember 2021

Kontaktieren Sie uns

Haben Sie Fragen zu unserer Tätigkeit oder möchten Sie mit uns in Kontakt treten?

Dann schreiben Sie uns oder rufen Sie uns an. Gerne beraten wir Sie umfangreich und finden eine auf Ihre Ansprüche zugeschnittene Lösung.

CURENTIS AG

Experience meets Innovation

Frankfurter Landstraße 62a
61440 Oberursel (Taunus)
T: +49 (0) 6171 – 95 598 0

info@curentis.com

    Bitte geben Sie unten den nachstehenden Code ein: captcha

    © Copyright - CURENTIS Banking - Consulting und innovative Digitalisierung
    • Kontakt
    • Impressum
    • Datenschutz
    CURENTIS Web-Seminar „Nachhaltiges Risikomanagement für Banken“Client’s Senior Manager or Beneficial Owners of FIFA
    Nach oben scrollen

      Whitepaper anfordern

      Bitte gewünschte Whitepaper wählen:

      Bitte geben Sie unten den nachstehenden Code ein: captcha

        Whitepaper anfordern

        Bitte gewünschte Whitepaper wählen:

        Bitte geben Sie unten den nachstehenden Code ein: captcha