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Uganda’s authorities are urging the country’s gambling operators to prepare for the introduction of a proposed Centralised Payment System that could soon reshape how betting transactions are conducted nationwide.   The system, which is awaiting parliamentary approval, would impose strict requirements on operators and carries a potential penalty of UGX110 million (€26,268) for those who fail to comply.   The proposed payment gateway would be licensed by the Bank of Uganda and

Canada’s Financial Transactions and Reports Analysis Centre, known as FINTRAC, has levied administrative monetary penalties totaling close to $250,000 against two separate organizations for serious breaches of federal anti-money laundering rules. Regulators uncovered the compliance failures during independent examinations aimed at ensuring businesses actively prevent illicit funds from moving through Canada’s financial system. The enforcement measures underline the federal go