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Undeclared $1.45 Million: EFCC Prosecutes Austrian National After Lagos Airport Arrest
The Economic and Financial Crimes Commission has commenced legal proceedings against Kavlak Onal following his arrest at Murtala Muhammed International Airport after authorities discovered more than 1.45 million dollars in undeclared foreign currency in his possession. During testimony before the Federal High Court in Lagos, a Nigerian Customs Service officer described how the concealed money was uncovered during standard boarding checks for an Emirates Airlines flight. The a
7 minutes ago


Tunisia Moves to Overhaul 50-Year-Old Gambling Laws with New Digital-Focused Bill
Tunisia is preparing to modernise its gambling legislation through a newly proposed draft Bill designed to overhaul a regulatory framework that has remained largely unchanged for more than five decades. The initiative comes in response to the rapid expansion of online and mobile gambling, sectors that have outpaced the scope of the country’s existing laws. The proposal, put forward by 23 members of the Assembly of the Representatives of the People, seeks to amend Decree L
19 minutes ago


US Court Imposes 20-Year Sentence on Crypto Laundering Architect Behind $73 Million Global Scam Network
United States federal prosecutors have secured a twenty-year prison sentence against Daren Li after his conviction for laundering more than 73 million dollars connected to a vast international cryptocurrency investment fraud operation. Li, a dual national of China and St. Kitts and Nevis, received the maximum penalty allowed by law after admitting to organizing a sophisticated financial structure designed to process criminal proceeds. Despite the sentencing, Li is currently a
1 day ago
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Cyprus Wages Continue Rising Amid Slower Euro Area Pay Growth
The European Central Bank (ECB) has released its latest wage tracker data, indicating that negotiated wage growth across the euro area is set to moderate in 2026, reflecting easing pay pressures in the bloc. The headline ECB wage tracker, which covers active collective bargaining agreements and smooths one-off payments over time, shows negotiated wage growth of 3.2 per cent in 2025, based on a coverage of 49.9 per cent of employees in participating countries, and 2.4 per ce


Undeclared $1.45 Million: EFCC Prosecutes Austrian National After Lagos Airport Arrest
The Economic and Financial Crimes Commission has commenced legal proceedings against Kavlak Onal following his arrest at Murtala Muhammed International Airport after authorities discovered more than 1.45 million dollars in undeclared foreign currency in his possession. During testimony before the Federal High Court in Lagos, a Nigerian Customs Service officer described how the concealed money was uncovered during standard boarding checks for an Emirates Airlines flight. The a


Tunisia Moves to Overhaul 50-Year-Old Gambling Laws with New Digital-Focused Bill
Tunisia is preparing to modernise its gambling legislation through a newly proposed draft Bill designed to overhaul a regulatory framework that has remained largely unchanged for more than five decades. The initiative comes in response to the rapid expansion of online and mobile gambling, sectors that have outpaced the scope of the country’s existing laws. The proposal, put forward by 23 members of the Assembly of the Representatives of the People, seeks to amend Decree L


EU Weighs Blanket Ban on Crypto Transactions With Russia to Counter Sanctions Evasion
The European Union is considering a sweeping prohibition on all cryptocurrency transactions involving Russia as part of efforts to restrict Moscow’s ability to use digital assets to bypass existing sanctions, according to a document obtained by FT. The proposed measures would specifically target efforts to prevent sanctioned Russian crypto infrastructure from re-emerging under new guises. Officials are seeking to block "copycat Russian crypto entities spun out of already sanc
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