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UK’s Deregulation Drive Sparks Legal Debate Over Risks, Conflicts, and Uncertainty
The UK government's latest push to scale back regulations in a bid to attract businesses and investment is generating divided responses...
Apr 23, 20254 min read
Italian Government Blocks UniCredit’s Bid for Banco BPM Over Russia-Linked Compliance Fears
The Italian government has halted UniCredit’s €13 billion ($15 billion) all-share takeover bid for Banco BPM, citing concerns over...
Apr 23, 20252 min read
UK Commits £121 Million to Quantum Technology to Tackle Fraud and Financial Crime
In a bold move to cement its leadership in emerging technologies, the UK government has pledged £121 million to accelerate the...
Apr 17, 20252 min read
CySEC Warns Against Unlicensed Investment Websites and Fines Streams Financial Services
The Cyprus Securities and Exchange Commission (CySEC) has this week issued a stark warning to investors concerning a number of...
Apr 17, 20252 min read
UK Court Clears Extradition of Former Meinl Bank CEO Peter Weinzierl to U.S. on Money Laundering Charges
Peter Weinzierl, the former chief executive of Austrian lender Meinl Bank, can be extradited to the United States to face charges of...
Apr 16, 20252 min read
Timor-Leste Enters Global iGaming Market with First Offshore License Granted to GRU
Timor-Leste has made its official debut in the international iGaming sector with the issuance of its inaugural offshore gaming license,...
Apr 16, 20252 min read
Bessent Demands Aggressive Financial Crackdown on Iran Amid Renewed U.S. Sanctions Push
U.S. Treasury Secretary Scott Bessent has issued a forceful directive to the nation’s leading financial institutions, calling on them to...
Apr 15, 20253 min read
Banks Flag $1.4 Billion in Suspicious Activity Amid Fentanyl Crisis, FinCEN Reports
Banks and other financial institutions in the United States flagged a staggering $1.4 billion in suspicious transactions in 2024, playing...
Apr 15, 20253 min read
TD Bank Chair Calls Money Laundering Scandal the Institution’s "Darkest Day" as Leadership Faces Shareholders
TD Bank’s chair Alan MacGibbon described the bank’s admission of anti-money laundering failures as its “darkest day” during a tense...
Apr 15, 20252 min read
UK Police Raid Hundreds of Shops in Nationwide Crackdown on Criminal Fronts
Hundreds of retail businesses across England and Wales have been raided by UK police in a sweeping operation aimed at dismantling...
Apr 14, 20252 min read
Block Inc. Fined $40 Million by New York for Lapses in Anti-Money Laundering Compliance
Block Inc., the parent company of Cash App, has been hit with a $40 million penalty by the New York Department of Financial Services...
Apr 14, 20252 min read
Rabobank Faces Court Over Alleged Lapses in Anti-Money Laundering Controls
Dutch financial giant Rabobank has announced that it has been unable to reach an out-of-court settlement with prosecutors in a case...
Apr 11, 20252 min read
DOJ Shuts Down Crypto Crime Unit as Trump Administration Moves to Ease Industry Regulations
The U.S. Department of Justice (DOJ) officially disbanded its cryptocurrency investigation division on Monday, a move that signals...
Apr 11, 20252 min read
FinCEN Flags $1.4 Billion in Fentanyl-Linked Transactions in 2024
Financial institutions in the United States reported over $1.4 billion in suspicious transactions tied to fentanyl activity in 2024,...
Apr 10, 20252 min read
BusinessEurope Warns EU That Pillar Two Could Harm Competitiveness Amid Shifting Global Tax Landscape
The European Commission has received a stark warning from BusinessEurope, the continent’s most prominent business lobby, cautioning that...
Apr 10, 20252 min read
Gang Jailed for £6.6m Money Laundering Scheme Exploiting Ukraine War
Two members of a criminal gang have been sentenced to a total of 13 years in prison after laundering millions of pounds by taking...
Apr 9, 20252 min read
Colmex Pro Pays €200,000 Settlement to CySEC Over Possible Investment Services Violations
The Cyprus Securities and Exchange Commission (CySEC) has reached a €200,000 settlement with Cyprus Investment Firm (CIF) Colmex Pro Ltd...
Apr 9, 20252 min read
UK and Irish Gambling Regulators Sign Agreement to Boost Cross-Border Cooperation
The British Gambling Commission (UKGC) and the newly established Gambling Regulatory Authority of Ireland (GRAI) have signed a memorandum...
Apr 8, 20252 min read
AUSTRAC Flags AML Failures in Australia’s Expanding Crypto ATM Sector
Australia’s financial intelligence unit, AUSTRAC, has raised concerns over potential anti-money laundering lapses in the country’s...
Apr 8, 20252 min read
Entain Accused of Ignoring Money Laundering Red Flags in Australia
British gambling giant Entain, the owner of Ladbrokes, is facing serious allegations in Australia over its failure to act on suspected...
Apr 7, 20253 min read
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