Colorado’s gaming authorities have issued a $50,000 fine against BetMGM after determining that the sportsbook violated state regulations by accepting wagers on individual student-athlete performance, a betting category explicitly banned under Colorado law.   The New Jersey-based operator notified regulators of the issue itself, revealing 48 prohibited bets placed on NCAA basketball and football events between March 2023 and October 2024.   The unlawful wagers involved two men

Cyprus’ parliamentary commerce committee is moving closer to approving a reduction in the turnover threshold that determines whether companies can undergo a simple financial statement review rather than a full audit, settling on €400,000.   This represents a significant narrowing from the €900,000 level originally proposed by Disy.   The matter returned to the committee on Tuesday after the taxation department, the Central Bank of Cyprus (CBC) and the Association of Cyprus Ba

Seven of Europe’s leading gambling authorities have committed to deeper collaboration in an effort to curb the accelerating spread of illegal online gambling, cautioning that rapidly evolving digital ecosystems are enabling unlicensed operators to slip past national regulatory systems. Representatives from Germany, Austria, France, the United Kingdom, Italy, Portugal, and Spain cemented this alliance during a meeting held on 12 November 2025 at Spain’s Directorate General for

The U.S. Securities and Exchange Commission (SEC) has formally withdrawn its lawsuit against SolarWinds and the company’s chief information security officer, bringing an end to a high-profile case that centered on allegations the firm misled investors about its security posture prior to the major 2020 supply chain breach.   A joint motion submitted on November 20, 2025, by the SEC, SolarWinds, and CISO Timothy G. Brown requested the court to voluntarily dismiss the action. In

Federal prosecutors in the Southern District of New York have brought a wire fraud charge against 53-year-old Derek Wachob, the chief executive of Sapulpa, Oklahoma-based steel pipe manufacturer Paragon Industries, alleging his involvement in a 66 million dollar scheme.   An indictment unsealed on November 18 claims that between October 2022 and August 2024, Wachob directed a fraudulent operation that targeted individual investors, a bank, an investment firm, and at least two

The 16th Pension Forum in Nicosia placed the spotlight on the major challenges confronting Cyprus’ pension system, while also exploring fresh perspectives arising in an environment undergoing rapid transformation, according to the event overview.   The forum, titled ‘Making better decisions – New perspectives for the pension’, took place with the support of Eurobank.   During the discussions, speakers emphasised that the demand for strategic flexibility and specialised expert

Turkish investigators are scrutinising how a licensed electronic money institution and an associated insurance company allegedly enabled criminal proceeds from illegal betting operations to seep into the country’s financial system. The inquiry centres on corporate entities tied to fintech entrepreneur Ozan Özerk, whose broader business network includes firms previously connected to payment streams linked to a sprawling online fraud operation exposed by investigative journalis

In September 2024, Wynn Las Vegas acknowledged to the U.S. Department of Justice that it had “conspired with unlicensed money transmitting businesses that moved millions of dollars in illicit funds through the casino,” agreeing to forfeit an unprecedented $130 million. At the time, the public learned little about what exactly drove the largest-ever forfeiture involving a U.S. casino. The government’s announcement offered only sweeping descriptions, leaving unanswered question

A high-stakes money-laundering dispute has surfaced through a federal lawsuit in North Dakota, where plaintiffs contend that Binance and its former leadership permitted extensive financial movements that allegedly aided Hamas both prior to and following the October 2023 attacks. The complaint argues that the exchange’s structural and governance choices made it possible for crypto assets to circulate covertly in ways that would have faced major barriers in fully regulated fina

Nairobi’s bustling streets are now echoing with more than just the rhythm of daily life; they resonate with the hum of Bitcoin adoption, as “Bankless Bitcoin” ATMs appear in popular shopping centers. These machines represent more than a technological advance—they are a lifeline for many, enabling cash-to-crypto conversion in spaces traditionally dominated by conventional banking. Yet, beneath this surge in accessibility lies a stark reality: regulatory uncertainty threatens t

Google has rolled out yet another update to its gambling advertising policy, bringing its rules further in line with regulations enforced in various jurisdictions. Under the newly introduced restrictions, advertisers are now blocked from promoting offline gambling in any region where such activity is deemed illegal. In its announcement, Google confirmed that 35 countries fall under the updated limitations, explaining that “the promotion of offline gambling is prohibited in lo

Mounting concern over increasingly coordinated financial schemes targeting Korean citizens has pushed the KoFIU’s AML agenda into a phase of acute urgency. Patterns tied to cross-border fraud networks, synchronized mule operations, and the rapid circulation of illicit funds through both banking and nonbank channels have expanded, prompting regulators to reconsider how domestic institutions identify and address structural vulnerabilities. The most recent industry meeting revea

India and Italy have elevated their cooperation to an unprecedented level after both governments agreed to intensify joint measures against global money laundering systems that violent extremist groups rely on. Their discussions during the G20 in Johannesburg shifted a routine diplomatic exchange into a coordinated framework aimed squarely at dismantling clandestine financial pipelines. This cooperation places Narendra Modi and Giorgia Meloni among the leaders most willing to

The UK National Crime Agency has revealed how Russian intelligence services funneled funds to a convicted espionage network via a cash-to-crypto laundering operation run by businesswoman Ekaterina Zhdanova, who sought to bankroll former Wirecard executive Jan Marsalek’s spy ring. This disclosure connects billion-dollar laundering networks to geopolitics, organized crime, and state-sponsored activity across at least 28 towns and cities in the United Kingdom. According to Bloom

Jersey’s long-standing engagement with Roman Abramovich now sits at the crossroads of sanctions policy, offshore wealth management, and data protection law. For years, the island presented itself as a sophisticated hub for high-net-worth individuals, including the Russian billionaire, whose trusts and companies shifted vast assets to Jersey. Since 2022, however, this relationship has morphed into a complex mix of criminal investigations, asset restraints, and litigation over

The Republic of Cyprus registered a double vote of confidence in the resilience of its economy this week, as both Moody’s and Fitch upheld the country’s investment-grade standing—while Fitch went a step further by shifting Cyprus’ outlook to “positive.” In a written statement, Finance Minister Makis Keravnos emphasized that these decisions reflect “the international houses' confidence in the government's fiscal performance and prudent economic policy.” In his official announc

William Hill has announced via customer support that it will withdraw from several non-core markets across Africa, Latin America, and Asia, signaling a strategic retreat from regions deemed secondary to its core business. The bookmaker’s site lists 13 markets affected by the exit, with nine located in Africa—Angola, Burkina Faso, Cameroon, Kenya, Mozambique, Nigeria, the Republic of Congo, Democratic Republic of Congo, and Somalia. Outside Africa, William Hill will leave Viet

Real-estate brokerages across Canada are confronting heightened oversight from FINTRAC under the expanding anti-money-laundering framework, and five recent enforcement actions illustrate how gaps in anti-money-laundering real estate compliance can quickly translate into significant sanctions. With real-estate brokerage AML duties now squarely in regulators’ focus, and each decision carrying a defined Canada AML penalty, the following report examines each case in detail, highl

The case involving Videoslots Limited underscores how rapidly shifting deposit activity and opaque digital voucher payments can expose serious laundering risks when automated systems drive the majority of oversight. The operator was hit with a substantial financial penalty after investigators identified repeated failures across customer monitoring, source-of-funds evaluation and behavioural assessment. These shortcomings reveal how criminal networks can take advantage of weak

A vast criminal ecosystem worth billions has been revealed by the National Crime Agency (NCA), which uncovered a sophisticated cash-to-crypto infrastructure operating across at least twenty-eight towns and cities throughout the UK. According to investigators, this network transformed profits from drug trafficking, firearms supply, and organised immigration crime into cryptocurrency before funnelling it into a Kyrgyz financial institution acquired specifically for sanctions ev