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Leonardo Ayala has admitted to participating in an extensive illicit financial operation in which he accepted more than $6,000 in bribes while helping launder approximately $5.5 million to Colombia during his employment at a major U.S. bank. Federal authorities disclosed that Ayala abused his internal access to open fraudulent accounts and issue hundreds of debit cards that bypassed standard security controls. Those accounts were subsequently used to carry out more than 12,00

The Colombian government has revised its taxation strategy for the online gambling sector, replacing the 19% value-added tax previously applied to player deposits with a levy based on gross gaming revenue. The updated framework came into force on January 1, redirecting the tax burden toward the actual income earned by operators rather than the total amount of money deposited by customers. The deposit-based 19% VAT was first introduced in February 2025 as a temporary response

The Colombian government has revised its taxation framework for online gambling, changing the application of the 19 per cent value-added tax (VAT) from player deposits to gross gaming revenue (GGR).   The revised policy came into force on January 1, marking a significant shift in how the sector is taxed by focusing on the actual income generated by operators rather than the total amounts deposited by players.   The original deposit-based 19 per cent VAT was introduced in Febr

The Colombian government has revamped its approach to taxing online gambling, moving the 19% value-added tax from player deposits to gross gaming revenue (GGR). The new policy, which came into effect on January 1, focuses on the actual revenue generated by operators rather than taxing all funds deposited by players. The deposit-based 19% VAT was initially introduced in February 2025 as a temporary measure amid internal unrest. Throughout 2025, this tax structure faced widespr