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FINRA has issued a $100,000 fine against Mundial Financial Group after identifying serious and long-running breakdowns in the firm’s anti-money laundering controls. The enforcement action follows years of deficiencies spanning customer identification, transaction surveillance, and internal governance, which regulators concluded left the firm highly exposed to illicit trading and money laundering risks. Investigators also found that these weaknesses were exacerbated by the inv

Lawmakers in the UK Parliament are calling on the country’s central bank to rethink its proposed regulatory approach to digital settlement assets, arguing that the current strategy could undermine Britain’s competitiveness in the fast-growing financial technology sector.   The intervention follows consultations in which regulators suggested imposing strict limits on how much digital currency individuals and businesses would be permitted to hold within the domestic market. Mem

South Africa’s exploding online gambling crisis is being fuelled by a convergence of greedy domestic financial institutions and opportunistic offshore betting operators, creating not only a social catastrophe but a growing threat of large-scale money laundering. The sector’s rapid expansion, now approaching disastrous proportions, is not occurring in isolation. It is enabled by permissive regulatory and tax environments, exactly the kind produced by South Africa’s outdated an