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UK FCA Warns Football Clubs of Legal and Money Laundering Exposure From Unauthorized Crypto Sponsors

The UK Financial Conduct Authority has warned Premier League and other football clubs that sponsorship agreements with unauthorized crypto firms and trading platforms could leave clubs exposed to legal liability, money laundering risks and reputational harm, Reuters reported. The regulator said some unregistered companies may be using high-profile club sponsorships to market products to football fans despite not being permitted to operate in the UK. The FCA urged clubs to tighten due diligence and strengthen checks on commercial partners. Source
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