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A Utah man has been sentenced to nine years in federal prison after playing a leading role in a large-scale cheque fraud and money laundering conspiracy that caused more than US$1.7 million in losses to financial institutions and government programmes. The sentence marks the conclusion of a complex federal case involving stolen mail, fraudulent bank transactions and the laundering of criminal proceeds through multiple financial accounts. According to court documents, the cons

Goa’s long-awaited casino regulations may remain on hold until after the state assembly elections scheduled for February 2027, potentially prolonging regulatory uncertainty for the state’s gaming industry. According to a report published by The Times of India on July 27, the Goa home department has completed drafting the Goa Public Gambling Rules. Despite the draft being finalised, the regulations must still be published in the Official Gazette before being placed before the

Police in Bristol have arrested two people as part of an ongoing investigation into the suspected operation of an illegal casino, highlighting continued enforcement efforts against unlawful gambling activities and organised criminal enterprises linked to the sector. The investigation was carried out through a joint operation involving local police, the UK Gambling Commission and the South West Regional Organised Crime Unit (SWROCU). The investigation centred on a property in

Pakistan's government has announced a renewed campaign against tax evasion, with Prime Minister Shehbaz Sharif directing authorities to identify individuals and businesses operating outside the formal economy and initiate legal proceedings against those found to be avoiding their tax obligations. The move forms part of a broader strategy to strengthen tax collection, modernise the country's revenue system and expand the national tax base. The directive was issued during a hig

Singapore authorities have charged a 23-year-old foreign resident under the country's terrorism financing laws after alleging that he transferred money to support an overseas terrorist act connected to Gaza. The case represents one of the latest examples of authorities pursuing even relatively small cross-border financial transfers where investigators believe the funds were intended to facilitate terrorism. According to court documents, the accused allegedly sent US$72.28 thr

A former U.S. Postal Inspector has agreed to plead guilty to dozens of federal criminal charges after prosecutors alleged he abused his law enforcement position to steal hundreds of thousands of dollars from mail sent by elderly fraud victims, before laundering the proceeds through personal expenditures and concealing the income from tax authorities. The case represents one of the most serious recent examples of public corruption involving a federal law enforcement officer an

Swiss private bank Lombard Odier has been fined CHF 3 million after Switzerland's Federal Criminal Court concluded that the institution failed to implement adequate organisational measures to prevent money laundering linked to a long-running international corruption case. The judgment follows years of criminal proceedings examining the bank's handling of client relationships associated with funds allegedly derived from corruption involving Uzbekistan's former ruling elite. Th

The founder and managing partner of a Manhattan-based private equity firm has pleaded guilty in federal court to multiple criminal offences after admitting to orchestrating a years-long investment fraud that diverted tens of millions of dollars from clients. The case highlights the significant anti-money laundering and governance risks associated with investment managers who misuse investor capital while concealing the true nature of financial transactions. Jay Lucas, 71, fou

Senior financial regulators from the European Union and the United States have reaffirmed their commitment to strengthening cross-border cooperation on anti-money laundering, financial stability and emerging financial sector risks following the latest EU–US Joint Financial Regulatory Forum held in Brussels. The two-day forum brought together representatives from the European Commission, the U.S. Department of the Treasury and a broad range of financial supervisory authorities

Authorities in Macau have uncovered another suspected proxy betting operation inside one of the city's casinos, leading to the arrest of two mainland Chinese nationals accused of using concealed electronic equipment to facilitate illegal remote gambling. The latest case forms part of an intensified crackdown on technology-enabled proxy betting, a practice that allows gamblers located outside Macau to participate in live casino games through intermediaries physically present o

A Philadelphia woman has admitted her role in a sophisticated money laundering conspiracy that channelled more than US$1 million in proceeds from business email compromise (BEC) fraud, highlighting the continued threat such schemes pose to public sector organisations and financial institutions. Domonesha Owens, 37, pleaded guilty to one count of conspiracy to commit money laundering in the U.S. District Court for the Eastern District of Pennsylvania. The guilty plea follows a

The UK Gambling Commission has concluded its regulatory review of Evolution Malta Holding Limited with a £4.75 million regulatory settlement after determining that the company's casino games were made available to British consumers through a number of unlicensed gambling websites. The case represents one of the regulator's latest enforcement actions aimed at preventing licensed suppliers from supporting the illegal online gambling market and reinforces the Commission's expect

The International Monetary Fund (IMF) has cautioned that the accelerating adoption of tokenised finance has the potential either to make the global financial system stronger and more efficient or to introduce entirely new forms of systemic risk, with the eventual outcome depending heavily on the decisions taken today by governments, central banks and financial regulators. According to the IMF, tokenisation should not be viewed merely as another step in financial technology. I

The United States has imposed a new round of counterterrorism sanctions targeting individuals and entities accused of facilitating financial support for Hamas through a network allegedly linked to the Muslim Brotherhood. The measures, announced by the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), are intended to disrupt fundraising operations, charitable front organisations and financial intermediaries that U.S. authorities allege have channelled

Spanish law enforcement authorities have dismantled a sophisticated organised crime network that allegedly laundered millions of euros in drug trafficking proceeds through a network of nightlife venues, hospitality businesses and commercial companies operating in the southern provinces of Seville and Cádiz. The operation exposed an extensive financial infrastructure that blended illicit cash with legitimate business revenue while using shell companies, false accounting record

A former Certified Public Accountant has been sentenced to four years in federal prison after helping launder millions of dollars stolen from one of Georgia's leading paediatric healthcare providers through a sophisticated business email compromise scheme. The case highlights the growing threat posed by cyber-enabled financial fraud targeting healthcare organisations and demonstrates how individuals with financial expertise can play a critical role in facilitating the movemen

The European Union's new Anti-Money Laundering Authority (AMLA) has taken another significant step towards assuming direct supervisory responsibilities by publishing detailed reporting guidance designed to identify financial institutions that could fall under its direct oversight from 2028. The initiative forms part of the authority's broader implementation of the EU's new anti-money laundering framework and represents a key milestone in the transition from nationally led sup

An Oregon payment processing broker has been sentenced to three years in federal prison after admitting his role in a wire fraud conspiracy that enabled fraudulent businesses to withdraw millions of dollars from corporate bank accounts through unauthorized electronic debits. Jeremy Todd Briley, 47, of Happy Valley, Oregon, was also ordered to forfeit $460,000 in criminal proceeds and will serve three years of supervised release following the completion of his custodial senten

Google is set to broaden the availability of programmatic gambling advertising across its advertising ecosystem while simultaneously introducing stricter compliance standards for gambling advertisers using Google Ads. Beginning August 10, authorized buyers will be allowed to serve online gambling and social casino advertising across an expanded list of 37 markets through Google's programmatic advertising network. Separately, from September 14, gambling advertisers using Googl

FIFA has confirmed that no evidence of suspicious betting or match manipulation was identified during the 2026 FIFA World Cup after completing an extensive integrity monitoring program covering every match played throughout the tournament. Following the conclusion of the competition, the organization's Integrity Task Force determined that all 104 fixtures were conducted without any indication of betting-related corruption or match-fixing, reinforcing confidence in the integri