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Argentine Football’s New AML Headache: Foster Gillett & Guillermo Tofoni Imputed in Money-Laundering Probe

Money Laundering
Allessandro
Author: Allessandro
1 min.read
FinCrime Observer reports about money laundering activities in the Argentinian football
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Argentina’s economic-crime prosecutors have reportedly imputed U.S. magnate Foster Gillett and businessman Guillermo Tofoni in a suspected money-laundering case linked to football transfers and promised “private investment” structures around clubs. Investigators are now lifting secrecy protections and tracing the origin, routing, and end-use of funds tied to the transfer market.

Key Facts

  • The case is handled by Fiscalía N°3 en lo Penal Económico, led by prosecutor Emilio Guerberoff (Sources: Montevideo, Los Andes).
  • Reporting ties the probe to transfer-market transactions involving Boca Juniors and Estudiantes de La Plata, including a delayed US$15m payment.
  • Prosecutors reportedly sought to lift bank/financial/tax secrecy for Gillett and Tofoni and obtain banking records linked to Boca and Estudiantes (Source: Montevideo).
  • One investigative angle: an attempted direct payment from Gillett’s personal account, flagged as problematic under FIFA transfer-payment rules (third-party / non-club payment routing) (Source: Buenos Aires Herald).
  • Entities reportedly examined include Grupo Gillett and World Eleven (Tofoni-linked football business structures). montevideo.com.uy+1

Short Analysis

From an AML perspective, this looks like a classic “sports-finance” risk cluster: large cross-border flows, opaque funding sources, third-party payment attempts, and commercial structures wrapped in club politics (the SAD/privatization debate) that can blur lines of control and beneficial ownership (Source: La Gaceta).

It also lands amid a broader enforcement atmosphere around Argentine football: earlier in December, courts ordered raids linked to a separate alleged laundering probe involving Sur Finanzas and multiple clubs/AFA-related locations—an indicator that investigators are increasingly treating football as a potential financial “gateway sector” (Source: Reuters).

Call for Information

Are you a club insider, intermediary, sponsor, banker, or affected party with documents on transfer payments, funding promises, side letters, or cross-border routing tied to Gillett/Tofoni-linked structures? Share information securely via Whistle42.

Report Financial Crime via Whistle42
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