UK Government Should Not Ban Football Clubs From Signing Gambling Sponsorship Agreements, EFL Says

UK Government Should Not Ban Football Clubs From Signing Gambling Sponsorship Agreements, EFL Says

The English Football League (EFL) has called for the UK Government not to proceed with plans to ban gambling sponsorship agreements amid financial concerns. According to the EFL, such a move could force more clubs to go out of business. Yesterday, a select committee of gambling at the House of Lords published a major report, according to which Premier League football clubs should not be permitted to display betting companies’ logos on their shirts from the next season. Furthermore, the committee believes that the teams below the top flight should…

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UK’s FCA Faces Criticism for Not Taking Action Against Alleged Wirecard Links to Online Gambling Companies-Related Money Laundering

UK’s FCA Faces Criticism for Not Taking Action Against Alleged Wirecard Links to Online Gambling Companies-Related Money Laundering

The financial regulatory body of the UK is facing criticism that is has ignored reports, according to which a payment processor operator was facilitating transactions to online gambling sites through fake e-commerce sites. As reported by The Times, the Financial Conduct Authority (FCA) was warned in 2019 that the payment processor Wirecard was linked to a website network for what was described as transaction laundering masked under offering commercial goods but actually processing money transactions for online gambling companies across Europe and some that even offered their services to US…

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