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The Financial Action Task Force (FATF) has identified a range of money laundering, terrorist financing and proliferation financing risks affecting the global gaming and gambling sectors, including casinos, sports betting, online gambling, lotteries and online gaming. The findings were published on September 9, 2026, following an assessment of developments across the sector. The review covers both land-based and online activities and examines the increasing use of digital plat

Huawei Technologies has gone on trial in federal court in Brooklyn, New York, in a long-running criminal case involving allegations of sanctions violations, bank fraud, wire fraud, money laundering, racketeering and theft of trade secrets. Jury selection began on September 8, 2026, almost eight years after US authorities initially brought charges against the Chinese telecommunications company. Prosecutors allege that Huawei used a network of corporate relationships and intern

Italian and German authorities have uncovered an alleged €4.5 million money laundering scheme involving funds intended for a sports association, with investigators tracing diverted money through a second allegedly fictitious association, family members and investments in Germany. The cross-border investigation involves three individuals, including the former legal representative of the Italian sports association. Coordinated action on 3 September resulted in the preventive se

A former relationship manager at an international bank in Malaysia has been sentenced to seven years in prison and fined RM40 million after admitting to a scheme that defrauded eight elderly customers of more than RM1.58 million and involved the laundering of the proceeds through third-party accounts. Kho Yung Kang, 39, appeared before the Sessions Court in Kuching and pleaded guilty to 24 charges comprising 16 counts of cheating and eight offences under Malaysia's Anti-Money

The Reserve Bank of Malawi (RBM) has raised concerns over an apparent increase in money laundering cases in the country, warning individuals and businesses against becoming involved in transactions designed to conceal the origins of illegally obtained funds. The central bank has stressed that money laundering represents a significant threat to Malawi's financial system and could damage the country's reputation within the international financial community. Authorities are part

The leader of a large organised crime group responsible for trafficking substantial quantities of cocaine, heroin and cannabis across parts of Essex and London has been sentenced to 12 years and six months in prison after spending almost five years evading authorities overseas. Max Matthews, 31, was identified as the senior figure in a criminal network that operated on an industrial scale, moving drugs and large amounts of criminal cash between March and July 2020. Matthews f

Hungarian authorities have closed a money laundering investigation involving employees of Ukraine's state-owned Oschadbank after determining that there was no evidence of a criminal offence. The decision brings an end to a case that began with the detention of seven Ukrainian cash-in-transit employees and the seizure of a substantial shipment of cash and gold in Hungary earlier this year. The investigation was conducted by Hungary's National Tax and Customs Administration, kn

An Australian man has been charged following a major investigation into an alleged illegal tobacco and vaping operation that authorities believe generated and handled almost $9 million in illicit proceeds. The case emerged from a four-month investigation in Australia's Northern Territory that initially focused on suspected money laundering before investigators uncovered an alleged commercial operation involving the sale and distribution of illicit tobacco products and vaping

Hong Kong Customs has uncovered a suspected money laundering operation involving approximately HK$35 million in suspected criminal proceeds following a financial investigation connected to an earlier narcotics case. Two local men, both aged 33, have been arrested in connection with the alleged laundering activity. The investigation began after Customs officers uncovered a dangerous drugs case in August 2025 involving drugs with an estimated value of approximately HK$8.3 milli

German prosecutors have brought charges against nine people accused of participating in an international fraud network that allegedly obtained and misused the payment card details of more than three million people across 193 countries. The investigation, known as “Operation Chargeback”, uncovered an extensive scheme involving fraudulent subscription websites, unauthorised credit card charges, money laundering and the alleged infiltration of Germany’s payment infrastructure. T

A Cuban national has pleaded guilty in the United States to participating in an international migrant-smuggling operation that allegedly helped thousands of Cuban nationals enter the country through illegal and fraudulent means while generating substantial criminal proceeds. The case also involved asylum fraud and an extensive money laundering component, highlighting the close financial links between organised migrant smuggling and the movement and concealment of illicit fund

A federal jury has convicted a Georgia man for his role in laundering more than $2.7 million obtained through romance scams and other online fraud schemes that targeted victims, including elderly individuals who were persuaded to hand over substantial portions of their savings. The case demonstrates how online fraud networks can rely on financial intermediaries, business accounts and international transfers to convert stolen funds into proceeds that are more difficult to trac

A network of companies based in the United Arab Emirates has been identified as playing a central role in financial structures used to move money connected to Iran, highlighting the continuing challenges posed by sophisticated shadow banking and sanctions-evasion arrangements. The networks have been used to facilitate payments linked to Iranian oil and other commercial activities while attempting to conceal the origin and destination of the funds. The structures identified by

World Liberty Financial is facing increased scrutiny after a $100 million purchase of its governance tokens was linked to a businessman who is the subject of an ongoing money laundering investigation in the United Kingdom. The investment, made through an entity connected to the UAE-based Aqua1 Foundation, has raised questions about the source of the funds and the due diligence applied to investors in the Trump-linked cryptocurrency venture. The investment represents the large

Cryptocurrency exchange HTX has come under renewed scrutiny over changes to its on-chain wallet infrastructure, with blockchain intelligence analysis indicating that the platform has repeatedly rotated wallets across several major networks. The activity has raised concerns among compliance professionals because frequent changes to the addresses used to hold and transfer exchange assets can make it more difficult to identify and monitor the financial flows associated with a la

A former Goldman Sachs investment banker has been convicted in the United States for his role in a bribery and money laundering scheme connected to the development and financing of a major power plant in Ghana. The conviction follows a federal trial in which prosecutors presented evidence that the banker used his position, financial expertise and international connections to facilitate payments to Ghanaian public officials while concealing the movement and purpose of the fund

The Enforcement Directorate (ED) has stepped up its investigation into self-proclaimed godman Ashok Kharat by filing a money laundering chargesheet against him, his wife Kalpana Kharat, and four other individuals before a special court. The agency has also attached assets valued at ₹36.90 crore as part of its ongoing probe into allegations that Kharat exploited women through claims of possessing "mind reading" abilities and by manipulating their emotions in order to defraud t

The Enforcement Directorate (ED) on Tuesday conducted a series of search operations across 11 locations in Delhi, Haryana, and Goa as part of an ongoing money laundering investigation linked to an alleged bank fraud that reportedly caused losses of approximately ₹155.21 crore to Oriental Bank of Commerce and a consortium of lending institutions. According to officials familiar with the case, the coordinated enforcement action was undertaken by the ED’s Chandigarh Zonal Office

According to TRM Labs, the ecosystem surrounding on-chain casinos and decentralized gambling platforms has expanded at an unprecedented pace over the past several years, quietly developing into a vast parallel financial system that presents increasingly complex challenges for anti-money laundering professionals. While regulators, policymakers, and the public concentrated much of their attention on prediction markets during periods of heightened political activity, decentraliz

A far-reaching economic crime investigation led by the Lodi Public Prosecutor’s Office and carried out by the Economic and Financial Police Unit of Italy’s Guardia di Finanza has uncovered an extensive Chinese money laundering network that allegedly processed more than €200 million in illicit funds through sophisticated underground banking mechanisms. The operation culminated in judicial measures against forty-four individuals, while eight principal suspects became subject to