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Prosecutors in US say the payment of company directors for fraud tripled over the past year amid a crackdown on coronavirus loan scams. Research published today found that 122 company directors were convicted of crimes during the year to the end of September — a rise from 40 during the previous 12 months. The conviction rate was high, with 127 company directors being prosecuted.

Former Fifa officials Sepp Blatter and Michel Platini have been charged with fraud and other offences in Switzerland. Swiss prosecutors say Mr Blatter unlawfully arranged a transfer of two million Swiss francs ($2.19m; £1.6m) to Mr Platini in 2011. Prosecutors say the payment “damaged Fifa’s assets and unlawfully enriched Platini”.

The UAE intensifies efforts to combat money laundering and terrorism financing crimes, and strengthen deterrent penalties for perpetrators. UAE extends strong support for global efforts to combat money laundering crimes in compliance with the standards of the International Financial Action Task Force. Counselor Ismail Ali Madani: “Unifying the roles of the competent government agencies and enhancing cooperation among them supports the state’s efforts to address money laundering crimes.” Prison sentences and fines issued against 20 defendants and seven legal companies. Total money confiscated exceeds AED22.6 million while fines surpass AED60 million.