The two bodies have been at the centre of the ongoing crisis that has engulfed world football and has thus far seen 41 individuals and sport marketing companies charged in the United States.

"We can confirm that in light of current proceedings involving individuals related to CONMEBOL and CONCACAF, FIFA has put contributions towards these two Confederations on hold until further notice," said a FIFA spokesperson.

"We are currently assessing further steps to be taken to increase the level of assurance which may again enable FIFA to release such funds in the future."

Reuters quoted a source close to CONCACAF as saying it had not received $10 million (£6.9 million/€9.2 million) in payments from FIFA, including funds from the world governing body’s Financial Assistance Programme and expected World Cup revenues.

The last three Presidents of CONCACAF - Trinidad and Tobago's Jack Warner, the Cayman Islands' Jeffrey Webb and Honduras' Alfred Hawit - have all been indicted by the US Department of Justice and are facing charges.

In a bid to clean up its act, the organisation revealed last week it will consider a wide-ranging reform package when it holds an Extraordinary Congress in Zurich on February 25.

Plans include replacing its Executive Committee with a Council of up to 15 members, three of whom will be independent, as well as a 12-year term limit for Council members and members of independent committees.

All senior officials will have to be independently checked for eligibility when applying for positions.

"CONCACAF has fulfilled all of FIFA's requests for documents and information regarding the new administrative, compliance, and procurement processes that have been implemented at the Confederation to ensure the issue is resolved in a timely manner," the organisation said in a statement.

Late last month, Paraguay’s Alejandro Dominguez was unanimously elected President of CONMEBOL.

Dominguez, already head of the Paraguayan Football Association, received support from all 10 Federations that make up the Confederation and also became a FIFA vice-president.

He was the only candidate standing following the withdrawal of interim President and Uruguayan Football Association chief Wilmar Valdez before voting began.

It has been hailed as a fresh opportunity for another organisation ravaged by corruption scandals in recent years.

Dominguez's compatriot and predecessor as President, Juan Angel Napout, was one of 16 people charged in connection with a major bribery racket connected to the marketing and broadcasting rights of tournaments and matches.

The two previous Presidents - another Paraguayan in Nicolás Leoz and Uruguay's Eugenio Figueredo - have also been linked with corruption allegations.

CONMEBOL recently endorsed the campaign of UEFA general secretary Gianni Infantino for FIFA Presidency.

As part of his manifesto, Infantino, who has held his role as general secretary of European football’s governing body since 2009, attempted to appeal to FIFA’s 209 Member Associations by pledging to give them more money - contradictory to today’s announcement.

He said each of the Federations will receive $5 million (£3.5 million/€4.5 million) during each four-year cycle and also vowed to provide them with a further $1 million (£703,000/€920,000) to cover travel costs in a bid to increase participation of countries in international and regional tournaments.

This summer’s Copa América tournament in the US is due to be jointly hosted by CONMEBOL and CONCACAF to celebrate the former’s centenary.