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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
14 hours ago


Five Charged in $7.4 Million Money-Laundering Scheme Targeting Elderly Fraud Victims
Five men have been charged in the United States over an alleged money-laundering operation that prosecutors say moved more than $7.4 million obtained from at least 77 fraud victims, many of them elderly. The federal case in Washington alleges that the defendants established an extensive network of companies, financial accounts and commercial mailboxes to receive and move funds generated through fraudulent schemes targeting people across the United States. The defendants named
15 hours ago


UK Authorities Recover $5.2 Million in ENEX Money-Laundering and Sanctions Investigation
More than $5.2 million has been forfeited by ENEX Premium Trading Limited following a UK investigation into suspected money laundering and sanctions evasion, highlighting the growing use of civil recovery powers to target potentially illicit funds without requiring a criminal conviction. The agricultural trading company, which is registered in St Kitts and Nevis and owned by Azerbaijani national Nadir Valiyev, agreed to surrender approximately £3.84 million after investigator
2 days ago
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Flutter Calls on Ireland to Keep Betting Duty at 2% Amid Tax Debate
Flutter Entertainment is urging the Irish Government to retain the country's existing 2% betting duty as policymakers consider potential changes to gambling taxation, warning that a higher rate could place additional pressure on the regulated betting industry and encourage more customers towards unlicensed operators. Ireland currently applies a 2% duty to bets placed with bookmakers both in physical betting shops and through remote channels. Betting exchanges are subject to a


Swedish Licensed Gambling Market Grows 5.1% in Second Quarter of 2026
Sweden's regulated gambling market recorded a clear acceleration in the second quarter of 2026, with licensed operators generating approximately SEK7.4 billion in turnover between April and June, representing a 5.1% increase compared with the same period last year. The latest figures point to continued strength in Sweden's online gambling sector, which remains the dominant part of the regulated market. Commercial online gaming and betting generated just under SEK5 billion dur


Cyprus Industrial Prices Rise Sharply in July Amid Higher Energy Costs
Industrial prices in Cyprus accelerated significantly in July, with the overall Industrial Output Price Index increasing by 4.4% compared with the same month a year earlier, according to the latest official data. The index reached 128.2 points in July, based on 2021 as the reference year, following a 2% increase compared with June. The latest figures indicate that price pressures within the industrial economy strengthened considerably during the summer, with energy costs play


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
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