Football clubs subject to new Anti-Money Laundering Regulation

On 24 April, the European Parliament adopted a package of laws to strengthen the EU's ability to combat money laundering and terrorism financing. The regulation puts professional football clubs in scope, requiring them to verify customer identities, monitor transactions, and report any suspicious activity to Financial Intelligence Units (FIUs) beginning from 2029. Member States may exempt professional football clubs playing in the highest national division in case the club has a turnover for each of the previous two years of less than €5 million and proven low risk of money laundering.