Focus on Football: Starting from 10 July 2029, new rules will require football agents and professional clubs to follow stricter anti-money laundering (AML) measures. These measures aim to improve transparency in high-value financial transactions, such as player transfers and sponsorship deals. Given football’s global reach and large financial transactions, the new rules will make clubs and agents conduct more detailed checks, particularly when dealing with investors and intermediaries. This is intended to prevent misuse of funds and enhance accountability in an industry where financial transparency has often been a concern.
Challenges for Smaller Clubs: While the new rules aim to curb illicit activities, they may impose significant administrative burdens, particularly on smaller clubs with limited resources.