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Illegal Betting Still Represents a Major Share of Brazil's Online Market Despite Regulation
Brazil's efforts to regulate online betting have significantly reshaped the country's gambling sector, but a substantial portion of betting activity continues to take place outside the licensed market. New research indicates that illegal platforms accounted for between 38% and 44% of online betting activity during the first half of 2026, highlighting the scale of the challenge facing Brazilian authorities. The latest estimate represents an improvement compared with the previo
13 hours ago


FINRA Penalises Moors & Cabot $125,000 Over AML Monitoring Failures
US brokerage firm Moors & Cabot has been censured and fined $125,000 by the Financial Industry Regulatory Authority after regulators identified significant weaknesses in the firm's anti-money laundering programme, including shortcomings in transaction monitoring and the handling of alerts involving customer money movements. The regulatory action concerns conduct that took place over several years and highlights the importance of ensuring that AML surveillance systems are capa
13 hours ago


UAE Launches Urgent Review of Banque Misr Branches Following US Money-Laundering Concerns
The United Arab Emirates has launched a special and urgent examination of Banque Misr's branches operating in the country after US authorities raised concerns over transactions allegedly connected to Iranian shadow-banking networks. The UAE Central Bank announced that it would conduct a detailed forensic review of the bank's activities following a proposal by the US Treasury's Financial Crimes Enforcement Network to restrict Banque Misr UAE's access to the US financial system
2 days ago
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Shein Shares Fall in Long-Awaited Hong Kong Stock Market Debut
Fast-fashion giant Shein suffered a weak start to its long-awaited stock market debut on Tuesday, with its shares falling sharply after beginning trading on the Hong Kong Stock Exchange. The disappointing performance highlights growing investor concerns about the company's slowing growth, rising costs and increasingly difficult regulatory environment. Shein's shares opened at HK$48.56, the price set for its initial public offering, before falling as much as 10% to around HK$4


Ontario Regulator Penalises NorthStar Gaming Over AML Control Failures
NorthStar Gaming has been hit with a C$100,000 monetary penalty by Ontario's gaming regulator after failing to apply enhanced anti-money laundering controls to a high-risk customer whose deposits ultimately reached almost C$190,000. The Alcohol and Gaming Commission of Ontario found that NorthStar Gaming (Ontario) Inc. did not comply with provincial AML requirements in relation to a single player account that remained active from March 2024 until June 2025. The case has highl


Brazilian Betting Industry Generates R$8.7 Billion in Tax Revenue as Political Pressure Intensifies
Brazil's newly regulated betting industry has become a significant source of government revenue, generating R$8.7 billion in tax payments during the first seven months of 2026. The figure represents a substantial increase compared with the same period last year and comes at a time when the sector is facing growing political opposition and calls for tighter restrictions. The tax contribution between January and July represents an increase of approximately 77% compared with the


Illegal Betting Still Represents a Major Share of Brazil's Online Market Despite Regulation
Brazil's efforts to regulate online betting have significantly reshaped the country's gambling sector, but a substantial portion of betting activity continues to take place outside the licensed market. New research indicates that illegal platforms accounted for between 38% and 44% of online betting activity during the first half of 2026, highlighting the scale of the challenge facing Brazilian authorities. The latest estimate represents an improvement compared with the previo
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