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New Swiss law allows more scrutiny of Fifa and IOC finances | Football | The Guardian

Putting sports officials on a legal level with political dictators, Swiss lawmakers passed legislation allowing more scrutiny of bank accounts held by governing bodies and their leaders.

The law passed on Friday, in a 128-62 vote in the lower chamber of parliament, was prompted by Fifa bribery scandals in recent years. Switzerland-based sports leaders such as the Fifa president, Sepp Blatter, and the IOC president, Thomas Bach, are now classed as "politically exposed persons" in wider legislation covering money laundering.

"Normally these rules are for politicians and dictators," said the Swiss lawmaker Roland Büchel.

Büchel said the law also applies to executive committee members and employees of sports federations. There are more than 60 based in Switzerland, taking advantage of traditional tax-exempt status and light competition regulation.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Fri Dec 12th, 2014 at 03:34:01 PM EST
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