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Ireland is introducing new anti-money laundering requirements aimed at strengthening controls within the gambling industry and preventing criminal organisations and terrorist groups from using gambling businesses to disguise and legitimise illicit funds. The measures form part of a broader effort to strengthen Ireland's financial crime framework and bring greater scrutiny to transactions and customers in a sector considered vulnerable to money laundering risks. The new rules

A detailed evaluation by MONEYVAL has identified meaningful administrative improvements in Armenia’s anti-money laundering and counter-financing of terrorism regime while also pointing to persistent structural shortcomings that continue to undermine the effectiveness of financial crime investigations. According to the assessment, national authorities possess a reasonable understanding of the country's principal financial crime risks, yet operational weaknesses continue to lim

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has imposed an administrative monetary penalty of $212,025 against Atlantic Lottery Corporation Inc. after identifying multiple violations of Canada's federal anti-money laundering requirements. The sanction followed a comprehensive compliance examination that uncovered significant weaknesses in the corporation's operational controls and compliance framework. Federal regulators concluded that the gamin

South Korea has established a high-level task force aimed at overhauling the nation’s financial transaction regulations and reinforcing the domestic framework against illicit capital flows. Authorities confirmed that entities failing to comply with reporting obligations under current legal statutes may face administrative fines of up to 100 million won for non-compliance. Officials stated that the initiative directly responds to the growing complexity of transborder financial