Compliance and the Stasiak Affair: What Lessons Can Be Learned?
The Stasiak Affair, concerning the presence of a sports official convicted of match-fixing as a VIP client of a bookmaker, sparked a media storm and raised questions about industry ethics. Current regulations do not prohibit him from using bookmaker services, although the application of AML procedures to such individuals is an emerging topic. The case highlights regulatory gaps and the need for stronger compliance procedures to protect the reputation of companies and the industry as a whole.