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

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