4. COMPLIANCE ASSESSMENT

Question 1

1. COMPLIANCE ASSESSMENT
   Obligations of the FCH

Answer 1

The FIFA Clearing House has a legal obligation to monitor its business relationships and the transactions carried out during the existence of those relationships.

Question 2

2. COMPLIANCE ASSESSMENT
   The FCH Will assess all parties…

Answer 2

…that are involved in the payment of money to, receipt of money from, the FCH, to ensure that they comply with national and international laws and regulations in relation to, without limitation:

• international payment sanctions,
• anti-money laundering,
• anti-bribery and corruption and
• countering the finance of terrorism.

Question 3

3. COMPLIANCE ASSESSMENT
   To perform the required Compliance Assessment, the FCH may request an individual, club and/or member association to provide information regarding the following:

Answer 3

a) corporate structure,

b) organisational structure,

c) beneficial ownership,

d) source of funding,

e) source of wealth.

Question 4

4. CONSEQUENCES OFA COMPLIANCE ASSESSMENT FAILURE
   What happens when a party fails the First Compliance Assessment?

Answer 4

a) The FCH will notify the Non-Complaint Party of its failure to pass the Compliance Assessment.

b) The FCH will not process the transaction, or any payments related thereto.