FIFA halts payments to confederations in Americas

Home Sport FIFA halts payments to confederations in Americas 02-02-2016 02:39 PM Ammon News - AMMONNEWS - FIFA has halted payments to the regional soccer bodies of the Americas during ongoing investigations into corruption. The money was due to the federation known as CONCACAF, which represents North and Central America and the Caribbean, and the South American group known as CONMEBOL. FIFA said Monday the money has been put on hold “until further notice.” The international ruling body is “assessing further steps” to “increase the level of assurance” so funds may be released in the future. CONCACAF said a $10 million payment was halted. The group said it has met all of FIFA’s requests for documents to “ensure the issue is resolved in a timely manner.” The payment halt was first reported by Bloomberg Business. The past three presidents of CONCACAF and CONMEBOL are among more than three dozen individuals who have been charged with corruption by U.S. prosecutors. *AP

Home Sport

FIFA halts payments to confederations in Americas

02-02-2016 02:39 PM

Ammon News - AMMONNEWS - FIFA has halted payments to the regional soccer bodies of the Americas during ongoing investigations into corruption.

The money was due to the federation known as CONCACAF, which represents North and Central America and the Caribbean, and the South American group known as CONMEBOL.

FIFA said Monday the money has been put on hold “until further notice.” The international ruling body is “assessing further steps” to “increase the level of assurance” so funds may be released in the future.

CONCACAF said a $10 million payment was halted. The group said it has met all of FIFA’s requests for documents to “ensure the issue is resolved in a timely manner.”

The payment halt was first reported by Bloomberg Business.

The past three presidents of CONCACAF and CONMEBOL are among more than three dozen individuals who have been charged with corruption by U.S. prosecutors.

*AP

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