Processes

The FCH will engage with clubs and parties on a transaction basis. Once the FCH receives an allocation statement from the FIFA administration, the FCH will send its Terms and Conditions (T&C) to the relevant parties. Once the T&C have been accepted by the clubs, the FCH will conduct due diligence (a compliance assessment) on the clubs before any transaction is processed.

In line with international financial rules, each club that wishes to process a transaction through the FCH must first successfully pass a compliance assessment. This due diligence process ensures that the FCH complies with national and international laws and regulations, as well as regulatory rules, which include rules on sanctions, anti-money laundering, anti-bribery and anti-corruption, and counter terrorism financing.Clubs and member associations (as well as their related parties) must actively cooperate with due diligence requests for information from the FCH. In order to perform a compliance assessment, the FCH may request an individual, club and/or member association to provide information through the FCH onboarding platform. Once this information has been received by the FCH, it will perform a risk assessment in order to determine whether the FCH can provide its services to the party. This risk assessment ensures that the FCH complies with the aforementioned financial and non-financial regulations. During this process, additional information may be required prior to processing the payment to further understand the context and parties to the transaction.Once all requests for information and internal assessments have been completed, the FCH will inform the party if they have passed or failed the compliance assessment.

Subject to the new club and training club(s) passing a compliance assessment, the FCH will issue a payment notification to the new club confirming the amount of training rewards due. The new club shall pay the requested amount within 30 days to the bank account stated on the payment notification. The new club must pay the requested amount directly, i.e. by itself and from a bank account in its own name; it cannot assign responsibility for such payment to any third party.Clubs failing to pay the amount within 30 days will be subject to a 2.5% levy on the total amount and provided with a further seven days to make full payment. Cases in which full payment has not been received after 37 days will be forwarded to the FIFA administration for possible sanctions according to the FIFA Clearing House Regulations.

Upon receipt of payment from the new club, and subject to the training club(s) passing a compliance assessment, the FCH will generate a distribution statement summarising the payments to be made to the training club(s) and subsequently process the payments to the approved bank account(s).