World chess body has bank accounts frozen over president’s ‘financial dealings with ISIS and Assad’s Syrian regime’

The world governing body of chess has had its bank accounts frozen over its president’s alleged financial dealings with ISIS and Bashar al-Assad’s Syrian regime.

The World Chess Federation (FIDE) said UBS was closing its accounts ‘immediately’ after the Swiss bank lost patience with its failure to depose Russian millionaire Kirsan Ilyumzhinov.

Mr Ilyumzhinov was placed on a US sanctions list in November 2015 for allegedly brokering oil purchases by Syrian President Bashar al-Assad’s regime from ISIS.