Britain's regulated betting-shop sector is facing mounting financial pressure as higher gambling taxes and increasing operating costs contribute to a continuing wave of closures across the country's high streets. Industry representatives have warned that further increases in taxation could accelerate the decline of physical betting outlets, putting additional jobs and investment at risk while potentially strengthening the position of unlicensed gambling operators. The warning

South Korean police have referred eight people to prosecutors in connection with a payment fraud case involving Gmarket customer accounts, alleging that the individuals helped launder criminal proceeds by providing bank accounts used to receive and move funds generated through unauthorised transactions. Investigators have yet to identify the hacker believed to have organised the original scheme and are continuing to trace the movement of the proceeds. The case relates to unau

The United States Office of the Comptroller of the Currency has rejected Dutch digital bank bunq’s application for a national banking charter, citing significant concerns about the proposed institution’s capitalisation, management experience, business strategy and ability to operate safely and profitably in the U.S. market. The decision represents a setback for bunq’s plans to establish a full banking presence in the United States and highlights the demanding regulatory expec

Austrian authorities have uncovered an international sanctions-evasion network that allegedly diverted more than €3.3 million worth of specialised European industrial equipment to Russian defence manufacturers, exposing the increasingly sophisticated methods being used to circumvent restrictions on trade with Russia. The investigation centred on a Vienna-based company that allegedly arranged the procurement and onward delivery of controlled machinery and specialist metalworki