Regulatory Lawyer Reacts To Latest Reports On Scandal

The announcement that prosecutors in Switzerland are investigating 53 cases of possible money laundering as part of their investigations into bidding for the 2018 and 2022 World Cups is not a surprising step, according to specialist regulatory lawyers.
 
The Swiss investigation, which run parallel to those undertaken in the US, is believed to be analysing a range of data from the footballing organisation as part of its investigations into the process for Russia and Qatar being awarded the tournaments.
 
It has been confirmed that the incidents of money laundering have been reported by Swiss banks. Attorney General Michael Lauber added that the investigations are complex and are also likely to take a long time.
 
According to Irwin Mitchell’s Regulatory and Criminal Investigations team, the news of the money laundering investigations will not be a shock considering the nature of the information shared publicly so far.