The explosive news was revealed in the latest publication from twitter account Charlotte Fakes.
Regan was responding to a letter from Charles Green explaining the complex relationship between Sevco Scotland and Sevco 5088 and other issues which prompted a half hearted SFA probe.
At the heart of the matter was a £137,000 payment made by Craig Whyte to the mother of Imran Ahmad, Green’s fellow director and investor in Sevco.
According to Green the money rested in Ahmad’s mothers account for several months prompting Regan to raise the issue of money laundering.
In his letter the SFA chief asked: “The receipt of money from Mr Whyte does not appear to have been subject to the normal anti money laundering procedures. Why did that not occur?”
The reply to Regan’s letter is unknown but it seems that the SFA have been satisfied by the answers to the questions with no further investigation ongoing.
A month after the exchange of letters Regan spoke out about the links between Green and Whyte at Ibrox.
He said: “We wrote to the club and expressed our concerns on a number of points related to the revelations in the press about the links between Craig Whyte and Charles Green.
“The matter was then handed over to Pinsent Masons under the stewardship of Roy Martin QC and we have agreed that we will wait until that report is concluded.
“The report is being done very much on an independent basis. The club have agreed to share the findings of that report with us so that we can get transparency on the questions that we asked.
“And until that comes out it’s probably wrong to speculate on what might or might not happen.”
The silence of the SFA suggests that they were satisfied by the answers given by former chairman Murray.
CLICK HERE for Regan’s letter to Murray
CLICK HERE for Green’s letter to Regan