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French and Belgian authorities have dismantled an extensive cross-border money laundering network accused of concealing profits generated from drug trafficking, in a coordinated operation that resulted in the arrest of eight suspects and the seizure of cash and assets worth more than €8 million. The joint investigation uncovered a highly structured criminal organization dedicated to transporting illicit cash across national borders before integrating the proceeds into the l

French and Belgian authorities have successfully broken up a large-scale financial network accused of laundering the proceeds of narcotics trafficking across European borders, striking a significant blow against organized crime through a coordinated international operation. The joint enforcement action led to the arrest of eight suspects and the seizure of cash and assets worth more than 8 million euros. Investigators discovered a sophisticated criminal organization dedicated

More than €800,000 in cash deposits lie at the center of a significant legal settlement between ING Belgium and Didier Reynders, a senior former European Commissioner. Prosecutors in Brussels confirmed that the bank agreed to pay €1.6 million after a criminal investigation examined its potential complicity in handling Reynders’ financial activities. The fine represents the highest penalty currently permitted under Belgium’s Criminal Code for such violations and brings an end

Belgium’s regulated gambling sector recorded its first annual contraction since the onset of the COVID-19 pandemic, as newly released figures for 2024 reveal a notable downturn across the market. Data published on Tuesday by the national regulator shows that total gross gaming revenue (GGR) fell to €1.61 billion, representing a 4.86% decrease from the €1.69 billion reported in 2023. The decline was largely attributed to a sharp reduction in land-based gambling activity, e

The Financial Action Task Force (FATF) published its 2025 mutual evaluation of Belgium on December 16, identifying substantial deficiencies in the country’s ability to combat illicit financial activity. Although Belgium is largely compliant with international technical standards, the assessment underscores a serious lack of personnel and technological capacity within investigative and enforcement bodies. According to the report, Belgian authorities must urgently address deep-