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Allwyn Faces Gambling Commission Scrutiny Over Missed Contractual Milestones and Fundraising Shortfall
Allwyn, the UK’s current National Lottery operator, is under review by the UK Gambling Commission following its failure to meet several...
May 7, 20252 min read
FINMA Chief Flags Elevated Money Laundering and Sanctions Risks in Switzerland
Switzerland continues to face elevated risks related to money laundering and financial sanctions, according to the head of the country’s...
May 7, 20251 min read
Stuart Davis Departs TD Bank Following Ten-Month AML Advisory Role Amid Historic U.S. Probe
Stuart Davis, a prominent expert in financial crimes and anti-money laundering (AML), has left Toronto-Dominion Bank (TD) after...
May 7, 20252 min read
Kraken Uncovers North Korean Spy Posing as Job Applicant in Covert Infiltration Attempt
Cryptocurrency exchange Kraken has revealed it uncovered a North Korean spy attempting to infiltrate its systems during what began as a...
May 7, 20253 min read
Traders Expect Full-Point Fed Rate Cut Amidst Signs of Slowing U.S. Economy
Markets are increasingly betting that the U.S. Federal Reserve will cut its benchmark interest rate by a full percentage point before the...
May 6, 20252 min read
CBC Issues 2025 AML Directive, Easing Requirements for Low-Risk Clients While Upholding Stringent Standards
The Central Bank of Cyprus (CBC) has officially released its 2025 directive on the prevention of money laundering and terrorist...
May 6, 20253 min read
Ukrainian Entrepreneur Arrested in Monaco for Allegedly Laundering Millions From Illegal Arms Profits
Authorities in France and Monaco have frozen €57 million in assets and arrested a Ukrainian entrepreneur accused of laundering proceeds...
May 6, 20252 min read
Kenyan Government Orders Shutdown of Over 50 Betting Firms in Illegal Gambling Crackdown
The Kenyan government has moved decisively to clamp down on unlawful gambling activity, ordering the immediate shutdown of more than 50...
May 5, 20252 min read
U.S. Treasury Targets Cambodian Firm Huione Group Over Alleged Role in Laundering Billions in Illicit Funds
The U.S. Treasury Department announced on Friday that it plans to bar Cambodian financial conglomerate Huione Group from accessing the...
May 5, 20252 min read
Euroclear to Seize and Redistribute €3 Billion in Frozen Russian Funds to Compensate Western Investors
Euroclear is preparing to confiscate approximately €3 billion ($3.4 billion) from Russian funds frozen at the Belgian clearinghouse, in...
May 5, 20253 min read
North Korean Hackers Created U.S. Companies to Spread Malware to Crypto Developers, Researchers Say
North Korean cyber operatives established two businesses within the United States, violating Treasury Department sanctions, in an effort...
May 2, 20253 min read
TD Bank Overhauls AML Team Leadership as New Chief Jacqueline Sanjuas Implements Structural Changes
Three vice presidents within TD Bank’s financial crime risk management unit are set to depart amid a broader leadership shake-up being...
May 2, 20252 min read
FinCEN Alerts U.S. Banks to Crude Oil Smuggling Operation Backing Mexican Cartel Profits
The Financial Crimes Enforcement Network (FinCEN), the U.S. Treasury Department’s anti-money laundering bureau, has issued a formal...
May 2, 20252 min read
EU Court Declares Malta’s Golden Passport Scheme Illegal, Marking End of Citizenship-for-Cash in the Bloc
The European Court of Justice has ruled that Malta’s controversial golden passport scheme breaches EU law, delivering a decisive blow to...
Apr 30, 20252 min read
GAO Urges FinCEN to Expand Access to Beneficial Ownership Data to Fight Fraud
Beneficial ownership information (BOI) plays a crucial role in combating fraud, according to the U.S. Government Accountability Office...
Apr 30, 20252 min read
Central Bank of Cyprus to Unveil Revised Anti-Money Laundering Directive on May 2
The Central Bank of Cyprus (CBC) has announced that it will publish an updated directive on the prevention of money laundering and...
Apr 30, 20251 min read
CySEC Promotes Participation in EU Consultation on Major Financial Regulatory Reforms
The Cyprus Securities and Exchange Commission (CySEC) announced this week the launch of a targeted consultation initiated by the European...
Apr 29, 20253 min read
Santander UK to Outsource Over 200 Fraud Roles, Sparking Job Loss Fears
Santander UK is set to outsource more than 200 positions from its fraud operations team, a decision that could lead to job losses and has...
Apr 29, 20252 min read
AI Deepfakes Pose Escalating Threat to Gambling Sector’s AML Defences
The growing use of artificial intelligence in creating identification deepfakes and synthetic identities is becoming an increasingly...
Apr 29, 20255 min read
Texas Money Services Businesses Sue to Halt FinCEN's New Border Reporting Rule
A trade association representing Texas money services businesses (MSBs) has launched a legal challenge against a new federal reporting...
Apr 28, 20252 min read
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