FOR IMMEDIATE RELEASE
NEW YORK, June 2 -- Sepp Blatter’s resignation as FIFA president days after his re-election implies that there is much more to the story than is currently known, says Punit Arora of the City College of New York.
“UEFA or some key countries within UEFA may have threatened to pull out of FIFA, putting pressure on key stakeholders within the organization to get into immediate damage control mode,” he says.
Arora, a professor of strategy and entrepreneurship at CCNY's Colin Powell School for Civic and Global Leadership, has advised the UN and other international organizations on corruption and anti-money laundering issues. He sees last week’s indictments as a way for the US to encourage countries to adopt its agenda on countering money-laundering and corruption. For example, the US is one of the main contributors to the Global Programme Against Money Laundering, Proceeds of Crime and Financing of Terrorism (GPML), managed jointly by the UN Office of Drugs and Crime, the IMF and the World Bank.
“Various financial intelligence units formed under various international treaties extend that global coverage and information sharing,” he says. “That is a noble goal.”
About The City College of New York
Since 1847, The City College of New York has provided low-cost, high-quality education for New Yorkers in a wide variety of disciplines. More than 16,000 students pursue undergraduate and graduate degrees in: the College of Liberal Arts and Sciences; the Bernard and Anne Spitzer School of Architecture; the School of Education; the Grove School of Engineering; the Sophie Davis School of Biomedical Education, and the Colin Powell School for Civic and Global Leadership. U.S. News, Princeton Review and Forbes all rank City College among the best colleges and universities in the United States.