IOC to probe payments on voting for Rio Games

Olympics Mar 4, 2017

IOC to probe payments on voting for Rio Games

Organizers of the 2016 Rio Olympics denied on Friday that vote buying helped to secure the games after a French newspaper reported that a Brazilian businessman made payments to the son of an International Olympic Committee member before the vote. Le Monde said a company ...

World / Crime & Legal Jun 22, 2015

Banks did too little to police FIFA transactions, says global body

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 soccer's global governing body FIFA, and cautioned banks to step up scrutiny. The warning from the Paris-based Financial Action Task Force came ...

World / Crime & Legal Feb 19, 2015

Swiss prosecutor raids HSBC office, opens criminal inquiry

Geneva's public prosecutor searched HSBC's lakeside Swiss office on Wednesday after opening a criminal inquiry into allegations of aggravated money laundering, the second probe to hit the bank this week. Europe's largest lender is in regulators' sights after details about how its Swiss private bank ...