Mexico: Unnamed Soccer Teams Investigated for Money Laundering
26 Sep 2019

Several Mexican regional soccer teams are being investigated for alleged money laundering, sources from the Mexican Ministry of Finance confirmed on Wednesday to EFE, without proving the names of the teams linked to the case.

No athletic clubs have been named directly and Mexico’s highly lucrative and popular soccer teams have remained silent since the announcement Wednesday.

Director of the Financial Intelligence Unit of the Secretary of the Treasury, Santiago Nieto, told reporters that several clubs and athletic promoters are being investigated for money laundering.

“We have evidence that leads us to believe this is happening, but I cannot give more information on the case to protect the secrecy of the investigations,” said Nieto on Sept. 25.

The director said that the International Financial Action Task Force (FATF) recommended that entities “vulnerable to sports clubs and promoters be included within (the investigation) because they are vulnerable subjects to possible money laundering practices.”

Read more at Telesur

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