The government of Pakistan has initiated a sweeping enforcement campaign, imposing penalties totaling 111 billion rupees on entities linked to a vast trade-based money laundering operation. The action was ordered by Prime Minister Shehbaz Sharif after investigations uncovered that 120 billion rupees—equivalent to approximately $430 million—had been illegally transferred abroad through systematic over-invoicing practices. The scheme, which exploited solar panel imports between

Canada’s financial intelligence authority, Financial Transactions and Reports Analysis Centre of Canada, is ramping up its response to a growing wave of organized crime and coercive financial activity aimed at diaspora communities across the country. National monitoring bodies have identified a sharp increase in highly coordinated extortion schemes involving substantial monetary demands and threats of violence spanning multiple provinces. Recent intelligence indicates that th

Global oil prices have climbed following renewed delays in planned second-round peace negotiations between the United States and Iran, as geopolitical tensions continue to strain global energy markets and raise concerns over supply disruptions. Benchmark crude, Brent, increased by almost 2% to $107.26 (£79.25) per barrel, while US West Texas Intermediate (WTI) rose by around 1% to $95.40. The price movement comes after US President Donald Trump stated on Saturday that Washing

Brazil has formally moved to prohibit prediction market operators from conducting business within its borders, marking a significant regulatory shift in one of Latin America’s largest markets. During a press conference held on Friday, Finance Minister Dario Durigan and Miriam Belchior, chief of staff to the presidency, confirmed that such platforms are now considered illegal under national law. The decision follows a resolution adopted by the National Monetary Council (CMN),