Member of Fifa’s financial watchdog arrested on suspicion of corruption and money-laundering

Canover Watson is vice-president of the Caribbean Football Union and has denied the allegations after being arrested in the Cayman Islands

One of the eight members of FIFA's financial watchdog has been arrested by police on suspicion of corruption and money-laundering.

Canover Watson, a businessman from the Cayman Islands and vice-president of the Caribbean Football Union, has denied the allegations.

Watson sits on FIFA's audit and compliance committee, a body set up in 2012 to "ensure the completeness and reliability" of the world governing body's finances. He is a close friend of FIFA vice-president Jeffrey Webb, a fellow Cayman Islands resident and the president of the CONCACAF confederation of countries from central and North America and the Caribbean.

The 43-year-old was arrested by officers from the Royal Cayman Islands Police Anti-Corruption Unit and has been released on bail to report back to police on September 29.

The arrest follows following a police investigation into a hospital swipe-card billing system in the Cayman Islands.

According to a police statement, Watson's arrest was for "suspicion of breach of trust contrary to section 13 of the Cayman Islands Anti-Corruption Law, as well as abuse of public office... and conflict of interest", as well as "suspicion of money laundering contrary to section 133 of the Proceeds of Crime Law".

A statement from Watson to media in the Cayman Islands said he denied any wrongdoing.

The statement said: "I make this brief statement following my arrest in relation to suspected offenses contrary to the Anti-Corruption Law.

"The allegations are denied. In due course, at the proper time and in the appropriate forum, I look forward to setting out my position in greater detail. For present purposes since the police investigation is ongoing, I have been advised by my attorneys that it would be inappropriate for me to make further comment."

FIFA was unavailable for comment.