FIFA handled $3 billion in transfers

Updated: March 1, 2012, 8:06 AM ET
Associated Press

ZURICH -- FIFA said it processed international transfer deals worth $3 billion in 2011, and will share payment details with UEFA to help monitor European financial fair play rules.

According to FIFA, 11,500 players made cross-border moves in the first calendar year operating its Transfer Matching System, which aims to curb money laundering and corrupt deals.

The mandatory online project requires buying and selling clubs to input matching information, including payment schedules, before ...

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