This paper discusses the breach of law portrayed in the FIFA scandal. The officials involved showcased their lack of integrity in managing football. Management requires professionalism. In this case, the professionals did not adhere to the code of ethics that is important when handling money. The existence of money laundry disqualified the FIFA accountants because they were involved in fraudulent activities which were against their code of ethics. These frameworks are illustrated in the International Ethics Standards Board of Accountants’ (IESBA) Code of Ethics issued by the International Federation of Accountants (Von and Taulbee, 2015, p. 47). FIFA being an International body, the officials must act in the public interest. This can be illustrated through the legitimate interests performed. If the officials had this in mind, then the scandal would not have occurred.
The scandal was as a result of self-interest. Some of the officials were seeking mechanisms of acquiring money through unexpected manner. FIFA performs a large entity of international mandate in the public eye. Such scandals tarnish brands as people tend to avoid making financial transactions with the involved parties. The concerned officials did not portray diligence in performing their duties. Racketeering, wire fraud and money laundering breach regulations of bodies. The officials who breached the international body’s regulations must be disciplined through legal platforms. However, before actions are taken against the involved officials, an investigation that is supported by the evidence presented is taken into account. The involved parties include the police, prosecutors, and the courts to handle the cases of the involved officials.
In regards to the dilemma, the legal system incorporates an effective set of remedies for breaches of contract (Von and Taulbee, 2015, p. 51). The scandal led to fraud thus causing benefit only to the involved parties. This later disrupted the system of regulations. The dilemma also affected the public welfare. Some of the officials were imposed unwarranted liabilities. Therefore, bodies that deal with matters of international standards should be well performed and all the officials be accountable for their actions. The case of FIFA of money laundry tinted the federation negatively. At some point, the federation recorded losses. The officials involved in wire fraud, racketeering, and money laundering breached the contract as there were questions about their integrity.
The dilemma breached regulations as the other officers ought to have responded by reporting the criminal activity, which they knew. The scandal would have been prevented early if the accountants were spotted early. According to the context of the international law, the auditors must be convicted of criminal judges that involve fraud activities and stealing from the organization. Such an act would have prevented similar scandals from happening. It is the responsibility of each person to ensure that there is no breach of contract as outlined in the FIFA’s policies. This way, no scandals would happen. Officials of international bodies should serve at their best to prevent occurrences of money laundry. This is because such bodies possess lots of funds. Leaders of self-interest should be eliminated.
- Von Glahn, G. and Taulbee, J.L., 2015. Law among nations: an introduction to public international law. Routledge.