The Colombian government has revised its taxation framework for online gambling, changing the application of the 19 per cent value-added tax (VAT) from player deposits to gross gaming revenue (GGR).   The revised policy came into force on January 1, marking a significant shift in how the sector is taxed by focusing on the actual income generated by operators rather than the total amounts deposited by players.   The original deposit-based 19 per cent VAT was introduced in Febr

Castellum AI’s 2025 Sanctions Year In Review reveals that regulators around the world dramatically intensified their attention on digital currencies and Iranian-linked networks over the past year. Banks and other financial institutions found themselves navigating an increasingly intricate compliance environment marked by rapidly shifting enforcement priorities and widening differences between major geopolitical powers. During the period under review, the United States Office

On the 9th of January, the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has informed four money transfer companies that they are under federal investigation for alleged fraud, part of a broader crackdown on abuses of social benefits in Minnesota, Treasury Secretary Scott Bessent announced Friday. Speaking at a virtual news conference, Bessent also revealed that several banks in the state involved in money transfer operations are being audited by th

The unsealing of a federal indictment in Cincinnati has brought to light an enormous financial scheme designed to funnel the profits of illegal narcotics sales across international borders. Yan Lin, a 41-year-old California resident, has appeared in court to answer charges alleging that he laundered tens of millions of dollars for Mexico-based drug trafficking organizations. Prosecutors say that from early 2022 through late 2024, Lin ran a highly sophisticated operation that