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FIFA Implements New Online Player Transfer System

The ball that will be used in the 2010 FIFA World Cup final in South Africa, called "Jo'bulani" is displayed at the FIFA headquarters in Zurich, (File)

Beginning Friday the FIFA Transfer Matching System (TMS) will be required for all international football player transfers. It has been tested in 18 countries since February 2008 and has since expanded to all FIFA member associations and 3,633 club teams.

Football's world governing body (FIFA) believes the new online system will prevent money laundering, protect minors and make transfers more transparent.

Each club involved in a transaction will have to enter the same details, including bank accounts, amounts of money, timing and pay, with player identification documents and contracts, or it will be blocked.

Once the transfer deadline is passed, the system will shut down and prevent further activity.

FIFA also hopes to curb the amount of international player transfers involving under-age players. With TMS, any such transfers must first be approved by a sub-committee of FIFA Players' Status Committee and players under 18 will need their parents' approval.

Some information for this report was provided by AP and AFP.