30 Questions
What aspect of the sports industry contributes to the financial troubles of many football clubs?
The nature of the game as a 'winner-take-all market'
What is a potential consequence of the 'culture of unpredictability' in sports?
An increased tolerance towards seemingly irrational payments
How did some clubs historically inflate their asset values and balance sheets?
By reciprocally over-valuing players with other clubs
What is a potential risk of the massive profits made from discovering and training young talent?
Money laundering
Why are football clubs susceptible to accepting funds from dubious parties?
Due to their financial needs and fragility
In the context of tax evasion, it is possible to recover the proceeds of crime by applying tax powers and recovering tax, interest, and civil penalties.
True
The use of image rights is only used to disguise payments to players and not to agents.
False
The benefit to the club in the signing-on fee arrangement is solely the avoidance of Social Security contributions.
True
Maintaining funds in 'regimes which have light financial regulation or strict banking secrecy rules' is only for money laundering or tax evasion purposes.
False
The player in Case 16 was unaware of the disguised payment to the foreign agent.
False
The disclosure made by the player in Case 16 revealed that his entire signing on fee was paid to a foreign agent.
False
The club involved in Case 16 was unaware that the payment to the agent included a signing-on fee for the player.
False
Image rights agreements are only used to disguise payments made to players.
False
The use of image rights is a recently developed method of tax evasion.
False
Maintaining funds in 'regimes which have light financial regulation or strict banking secrecy rules' is always for illegal purposes.
False
Match the following national authorities with their initiatives to support financial transparency in football:
Frankrijk = Direction Nationale du Contrôle de Gestion (DNCG) Europese Gemeenschap = Internal market barriers to the financing of sport FATF/OECD = Money Laundering through the Football Sector Nationale publieke autoriteiten = Prevention of money laundering and tax evasion
Match the following measures with their purpose in preventing sports fraud:
Financial transparency = Prevention of money laundering Voluntary body within the French federation of football = Ensuring fairness in sports Image rights agreements = Disguising payments to players Direction Nationale du Contrôle de Gestion (DNCG) = Controlling the finances of professional and amateur sporting clubs
Match the following organizations with their role in preventing sports fraud:
FATF/OECD = Preventing money laundering through the football sector Commission of the European Communities = Addressing internal market barriers to the financing of sport Nationale publieke autoriteiten = Supporting financial transparency in football French federation of football = Controlling the finances of professional and amateur sporting clubs
Match the following methods with their purpose in money laundering:
Maintaining funds in 'regimes which have light financial regulation or strict banking secrecy rules' = Concealing illegal activities Image rights agreements = Disguising payments to players Signing-on fee arrangements = Avoiding Social Security contributions Voluntary body within the French federation of football = Ensuring fairness in sports
Match the following initiatives with their focus area in sports fraud prevention:
Study on internal market barriers to the financing of sport = Sports betting Direction Nationale du Contrôle de Gestion (DNCG) = Financial transparency in football FATF/OECD study = Money laundering through the football sector National public authorities' initiatives = Prevention of tax evasion
De nationale overheidsinstanties ondernemen eigen initiatieven om een grotere financiële transparantie te bewerkstelligen, inclusief de preventie van ______ en belastingontduiking door middel van voetbal.
geldwitwassen
Frankrijk heeft een Direction Nationale du Contrôle de Gestion (DNCG) opgezet om de financiën van professionele en amateur sportclubs te controleren en ______ in de sport te waarborgen.
eerlijkheid
De studie zal problemen aanpakken die worden veroorzaakt door de activiteiten van sportmakelaars in Europa, waaronder het probleem van ______.
sportwedden
Het gebruik van ______ overeenkomsten wordt gebruikt om betalingen aan spelers en agenten te verhullen.
imagerecten
Nationaal public authorities ondernemen eigen initiatieven om een grotere financiële transparantie te bewerkstelligen, inclusief de preventie van ______ en belastingontduiking door middel van voetbal.
geldwitwassen
De DNCG is een vrijwillig orgaan binnen de Franse federatie van voetbal, bestaande uit accountants en advocaten die de ______ in de sport waarborgen.
eerlijkheid
Het doel van de studie is om ______ te voorkomen door middel van voetbal.
geldwitwassen
De dirigent van de DNCG is verantwoordelijk voor het controleren van de financiën van sportclubs en het voorkomen van ______.
fraude
De studie zal het probleem van ______ door middel van voetbal aanpakken.
geldwitwassen
De DNCG is verantwoordelijk voor het controleren van de financiën van sportclubs en het voorkomen van ______ in de sport.
financiële misdaad
Test your knowledge on the economic and social impact of sports in Europe, including its influence on local economies and society as a whole.
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