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Everyone’s in, on the game: financial crime and the organization of sporting events. Looking for a “virtuous” model

Everyone’s in, on the game: financial crime and the organization of sporting events. Looking for... This study aims at investigating the phenomenon of financial crime with specific reference to the organization of major sporting events. In particular, in the light of the existing international regulatory framework and recent cases, the study highlights how the adoption of a “virtuous model” – from the point of view of transparency and legality – fully responds to the needs not only of the sports system itself but, also, and above all, of the entire international community.Design/methodology/approachThe paper combines deductive and inductive approaches in addition to consulting and analyzing the principal official reports on the matter, the state of the art, scholarly studies and some of the most relevant leading cases.FindingsIn view of the growing interest of the international community in fighting the phenomenon of sports manipulation, this study highlights some of the critical aspects that have so far characterized the approach of the institutions, focusing the attention on the profile of “sustainability” and “responsibility” understood also from the legal perspective.Originality/valueGiven, on the one hand, the huge economic interests that the organization of major sporting events generate and, on the other hand, the social impact they produce as well, the study offers some insights on the need to adopt a sort of “third way,” a virtuous model that acts as a forerunner and that combines respect for the law with the peculiarity of the sports system, so that the final result can be of benefit to the entire international community. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Financial Crime Emerald Publishing

Everyone’s in, on the game: financial crime and the organization of sporting events. Looking for a “virtuous” model

Rigazio, Sara
Journal of Financial Crime , Volume 28 (1): 10 – Jul 24, 2020
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Publisher
Emerald Publishing
Copyright
© Emerald Publishing Limited
ISSN
1359-0790
DOI
10.1108/jfc-05-2020-0096
Publisher site
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Abstract

This study aims at investigating the phenomenon of financial crime with specific reference to the organization of major sporting events. In particular, in the light of the existing international regulatory framework and recent cases, the study highlights how the adoption of a “virtuous model” – from the point of view of transparency and legality – fully responds to the needs not only of the sports system itself but, also, and above all, of the entire international community.Design/methodology/approachThe paper combines deductive and inductive approaches in addition to consulting and analyzing the principal official reports on the matter, the state of the art, scholarly studies and some of the most relevant leading cases.FindingsIn view of the growing interest of the international community in fighting the phenomenon of sports manipulation, this study highlights some of the critical aspects that have so far characterized the approach of the institutions, focusing the attention on the profile of “sustainability” and “responsibility” understood also from the legal perspective.Originality/valueGiven, on the one hand, the huge economic interests that the organization of major sporting events generate and, on the other hand, the social impact they produce as well, the study offers some insights on the need to adopt a sort of “third way,” a virtuous model that acts as a forerunner and that combines respect for the law with the peculiarity of the sports system, so that the final result can be of benefit to the entire international community.

Journal

Journal of Financial Crime – Emerald Publishing

Published: Jul 24, 2020

Keywords: Sustainability; Shared responsibility; Major sporting events; Legal model

References

  • Council of Europe convention on the manipulation of sports competitions CETS no 215
    Serby, T.
  • In particular, action 3, ‘unify sports integrity’
  • Convention on the manipulation of sports competitions – the macolin convention (CETS n°215), updated concept of manipulations of the sports competitions. The concept of ‘manipulations of sports competitions’ is evolving, Strasbourg, 8 November, 2018
  • Sport as an enabler of sustainable development”, a/RES/73/24, which reaffirms “the importance of member states, including those that will host such games and other sporting events in the future, as well as relevant sport-related organizations, federations and associations, as appropriate, enhancing measures to address the risks of corruption related to such events, and in this regard welcoming the conference on safeguarding sport from corruption, held in Vienna in June 2018”. The 73/190 U.N. Resolution, a/RES/73/190, stressing the 2030 agenda, acknowledges “the fight against all forms of corruption requires comprehensive anti-corruption frameworks and strong institutions at all levels, including at the local and international levels
  • United nations office on drugs and crime