An individual engaged in professional sports or in athlete representation, involved in negotiations, endorsements, and various financial arrangements.
Main/
Sports Professional
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Code
AT0048
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Name
Sports Professional
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Version
1.0
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Category
Customers, Clients & Private Individuals
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Created
2025-03-12
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Modified
2025-04-02
Related Techniques
Complicit athletes, referees, or event staff knowingly manipulate match outcomes in return for bribes. By predetermining results, they guarantee large betting wins for criminals, allowing illicit proceeds to enter the financial system as apparent gambling profits.
Athletes may be aware or unaware that their image rights are used to channel illicit funds. The commercial appeal of their brand provides a plausible cover for inflated licensing or sponsorship arrangements, making it harder for financial institutions to detect suspicious transactions.
Criminals misuse player image rights and endorsement contracts by:
- Channeling payments through multiple accounts, often offshore, to obscure beneficial owners.
- Mixing illicit funds with genuine sports-related income, hindering financial institutions' attempts to conduct thorough source-of-funds checks.