Topic summary
Football agent
Extracted from the Wikipedia article Sports agent.
EU Anti-Money Laundering Regulation 2024/1624
EU Regulation 2024/1624, adopted by the European Council on 30 May 2024 and published in the Official Journal of the European Union on 19 June 2024, formally brought professional football agents inside the anti-money laundering regulatory perimeter for the first time in EU law. Under Article 3(n) of the Regulation, football agents are designated as obliged entities from 10 July 2029, subject to the same anti-money laundering and counter-terrorist financing obligations as banks and payment institutions. The Regulation cited the considerable sums involved in cross-border transfer activity, the frequency of multi-jurisdictional transactions, and the sometimes opaque commission and image-rights structures through which agent fees are routed as the rationale for including agents within scope.