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Reports of a crisis within Curacao’s gambling regulation framework have been overstated, according to the country’s gaming authority, which insists it remains “fully operational” despite a wave of online speculation following a recent administrative reshuffle. Amid social media claims of “regulatory chaos” and a “power grab” after the resignation of the Supervisory Board of the Curacao Gaming Authority (CGA), the regulator has clarified that all licensing, compliance, and sup

A powerful bipartisan committee in the United States Congress has announced that it has opened an investigation into Elon Musk’s Starlink satellite network over allegations that the service has been used to provide internet access to scam centres operating in Myanmar, which have been accused of swindling billions of dollars from victims around the world. The development follows revelations that a growing number of Starlink dishes began appearing on the rooftops of scam compou

The United States and the United Kingdom have jointly announced extensive sanctions targeting a powerful multinational crime network operating across Southeast Asia, accused of running a vast chain of “scam centres” in Cambodia, Myanmar, and neighbouring countries. The network allegedly trafficked workers and forced them to defraud victims worldwide through fake cryptocurrency investment schemes. In what officials described as the largest-ever enforcement action of its kind i

Abu Dhabi has marked a major advancement in its fight against financial crime by obtaining ISO 37001:2016 certification for its Anti-Bribery, Anti-Corruption, and Anti-Money Laundering (AML) Management System. The certification, awarded to the Public Funds Prosecution under the Abu Dhabi Judicial Department, represents more than a symbolic milestone—it formalizes a technical, auditable, and performance-based system that may redefine AML governance standards across the Middle

The United States Treasury Department’s Office of Foreign Assets Control (OFAC) announced on Tuesday, October 14, 2025, that two individuals who obtained citizenship through Cyprus’s former Investment Program have been added to the US sanctions list. Chen Zhi and Yang Jian were included in the Specially Designated Nationals (SDN) List under Executive Order 13581, meaning that any assets they hold under US jurisdiction are blocked and US persons or entities are prohibited from

In recent years, state-sponsored exporters under sanctions—most notably those from Iran, Russia, and North Korea—have constructed intricate maritime and logistics networks built to disguise and launder export revenues. These “shadow fleet” operations depend on a matrix of corporate layering, ship transfers, forged registries, falsified invoices, and laundering chains that stretch across jurisdictions. The outcome is staggering: billions in illicit revenue find their way into

FinCEN’s June 25, 2025 orders against three Mexico-based financial institutions have set off a chain of events that few anticipated would reach this magnitude. What began as targeted restrictions on certain fund transmittals has now evolved into a test of how signal-based supervisory actions, new statutory powers, cross-border risk appetites, and market confidence interact when pressure mounts. The twice-delayed effective dates and the subsequent voluntary revocation of CIBan

Despite being blacklisted in 2022 and repeatedly pursued by regulators and investigators, Garantex and its network of spin-offs have continued to move vast sums across borders. Between 2019 and 2025, blockchain analytics trace approximately $96 billion in transactions to entities linked to Garantex, with at least $1.3 billion directly associated with criminal activity. These flows were not isolated occurrences but part of a sophisticated, parallel payment ecosystem engineered

The recent $650,000 sanction imposed on EFG Capital International underscores one of the most persistent vulnerabilities in cross-border brokerage operations: the gap between automated anti-money laundering (AML) systems and effective human oversight. The Miami-based broker-dealer, known for its extensive dealings with international clients and intricate wealth structures, came under intense regulatory scrutiny after FINRA concluded that its AML program had failed to detect s

Vietnam’s anti-money laundering (AML) efforts have entered a decisive and highly scrutinized stage as the government moves to close the deficiencies highlighted by the Financial Action Task Force (FATF). Since the country’s inclusion on the FATF grey list in 2023, international attention has focused sharply on its financial institutions, digital asset exchanges, and regulators, all of which are under pressure to prove that their compliance reforms go beyond symbolic measures.

A recent enforcement action has placed DMCL Chartered Professional Accountants squarely under the national spotlight, underscoring that...

The European Banking Authority (EBA) has published a report highlighting attempts within the crypto industry to circumvent newly...

Released on October 8, 2025, the European Banking Authority’s (EBA) final implementation review serves as both a progress assessment and...

In an era of increasingly complex regulatory landscapes, the global gaming industry is undergoing a significant transformation — shifting...

Charlie Javice, the entrepreneur found guilty of defrauding JPMorgan Chase into acquiring her college financial aid startup Frank for...

The U.S. Commerce Department’s Bureau of Industry and Security (BIS) has levied a $685,051 civil penalty against Luminultra Technologies,...

Kuwait has sent a senior delegation to Washington led by Dr. Hamad Al-Mukrad, head of the Kuwait Financial Intelligence Unit (KFIU) and...

The unfolding prosecution of Halkbank has charted an extraordinary course through diplomacy, defiance, and allegations of money...

The saga of Wang Shuiming, a central figure in Singapore’s largest money laundering scandal, has become a flashpoint for debates at the...

Agent banking has become central to financial inclusion across emerging markets, yet it has simultaneously created avenues for money...