📢 JUST IN: UK FCA: Football Clubs Face Legal and Money Laundering Risks From Unauthorized Crypto Sponsors

Reuters reported that the UK Financial Conduct Authority warned Premier League and other football clubs that sponsorship deals with unauthorized crypto firms and trading platforms could expose them to legal liability, money laundering risks and reputational damage. The FCA said some unauthorized firms may be using high-profile club sponsorships to promote products to football fans despite not being allowed to operate in the UK, and has urged clubs to strengthen checks on their partners.

Source：

via x.com/WuBlockchain

Zero trophies, zero FCA registration, but somehow still on the sleeve. 🦺 The FCA is reminding Premier League clubs that "they paid us well" is not a compliance framework, and that laundering money through a stadium sponsorship is still laundering money. Turns out due diligence doesn't care how many followers your shirt sponsor has.