UPDATED 12.34pm: Sepp Blatter needs to go, but at the same time, New Zealand's hosting of the FIFA Under-20 World Cup should go ahead as planned.

That's the message from Transparency International, after the FBI's indictment of 14 officials including the chair of the tournament New Zealand is hosting.

The anti-corruption agency says it's untenable for Sepp Blatter to remain as president of FIFA.

But spokeswoman Sylvia Schenk told Newstalk ZB the allegations don't directly relate to the youth tournament starting on Saturday.

"They're youth and they should play. It's about competition. THis championship can take place and should take place."

But the tournament isn't completely untouched. Its chairman, Jeffery Webb from the Cayman Islands, is one of 11 people banned by world football's governing body in the wake of the allegations of corruption.

MORE: U20 Cup Chairman banned

FIFA in grave crisis

A Swiss investigation is looking at the bidding process for the 2018 and 2022 World Cups in those countries.

Seven high ranking football officials have already been arrested for accepting bribes over South Africa's successful 2010 bid.

US Attorney General Loretta Lynch was speaking after the arrests were made on US indictments during a dawn raid in Zurich.

She contends they'd been expected to uphold the rules that keep soccer honest and protect the integrity of the game.

"Instead they corrupted the business of world wide soccer to serve their interests and to enrich themselves."

Qatar and Russia are now under intense scrutiny over their football World Cup hosting wins.

CNN's Matthew Chance points out Russia hasn't been implicated in any actual charges of the Swiss/US investigation.

"One Russian politician who's actually the vice speaker of the Russian parliament says that he suspects this is politically motivated and it's about the West trying to discredit Russia. 'To throw mud at us,' he said. 'In order to take away the world cup'."

The soccer officials were arrested and detained by Swiss police on Wednesday pending extradition at the request of US authorities after a raid at a luxury hotel in Zurich.

The case involves bribes "totalling more than $US100 ($138.04 NZD) million" linked to commercial deals dating back to the 1990s for soccer tournaments in the United States and Latin America, the Swiss Federal Office of Justice said in a statement.

It was unclear if the probe was linked to the 1994 World Cup hosted by the United States.

Canadian journalist Declan Hill - author of "The Fix" - specialises in investigating FIFA.

He believes it's time the sport is cleaned up internationally.

"National Football Associations around the world have really bought in to this see no evil, speak no evil, hear no evil about FIFA."

Football in Oceania is not off the hook

Football in Oceania is far from off the hook yet, with US law enforcement officials vowing the dawn raids on Fifa officials are only "the beginning" of the corrupt stench of world football finally being aired.

The Auckland-based Oceania Football Confederation has had more than its fair share of high-profile ethics issues recently, including Fifa banning two senior OFC bosses after a 2010 corruption probe into alleged World Cup vote selling.

Charlie Dempsey

The name Charlie Dempsey will forever be linked with corruption in FIFA after his abstention from voting for the 2006 World Cup saw it handed to Germany instead of South Africa.

Dempsey was on the all-powerful FIFA executive committee in 2000 when they voted on who would host the 2006 edition of the World Cup. Many expected South Africa to win, and president Sepp Blatter had certainly put his lot in with them, but Dempsey's non-vote saw Germany win by one vote.

He complained afterwards of "intolerable pressure" and later said this was in connection with attempts to bribe him. He and his family also received death threats.

There is no evidence of Dempsey taking bribes but it was naive of him to think he would not be subjected to efforts to win his vote -- in whatever form they might have been. He soon resigned from the FIFA executive committee and as Oceania chairman.

In the end, it worked out for South Africa -- they probably wouldn't have been ready in time to host the World Cup in 2006 and ended up hosting the 2010 tournament.

Reynald Temarii

The former OFC president is currently serving a FIFA-enforced eight-year ban from football for accepting money from former Qatari football boss Mohamed bin Hammed (who is banned for life) -- cash which was used to pay legal costs to defend a corruption probe.

The corruption probe came after Temarii, who denied wrongdoing, was secretly filmed in an Auckland sting operation by British newspaper The Sunday Times in 2010. The newspaper alleged Temarii had tried to sell his votes to determine who would host the 2018 and 2022 World Cups, which, controversially, were awarded to Russia and Qatar.

Whether the FBI's ongoing investigation could yield further problems under Temarii's tenure remains to be seen.

Ahongalu Fusimalohi

Tonga's former FIFA executive committee member was caught up in the same 2010 World Cup vote-selling sting as Temarii. He was slapped by FIFA with a two-year ban but has since gone on to work as a special advisor to the Tongan Prime Minister and been associated with Tonga's Olympic Committee.

This week's vote

FIFA's member associations are due to meet this week for the presidential election. With FIFA boss Sepp Blatter reneging on a pledge to not seek a fifth term as president, New Zealand Football and all 10 other OFC federations face a big decision.

Having already declared their votes will go to Blatter - who as boss of the organisation for the last 17 years is now seeing the FBI very publicly expose activity on his watch - will they stick with the 79-year-old while the biggest issue ever to face FIFA starts to unravel?

This morning New Zealand Football boss Andy Martin, who is in Zurich preparing to cast this nation's vote, released a statement saying "the developments in the last 24 hours are very serious and we continue to monitor the situation closely so that we can react appropriately".

Martin also vowed that "our delegation in Zurich are in close contact with our executive committee and Oceania Football and we will continue to play our role in upholding the integrity of FIFA and its operations".

But it remains to be seen whether NZF's position on integrity remains with voting for Blatter.