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Authorities in Mauritius have ordered the immediate suspension of betting activities operated by Bet 593 Ltd following an investigation into suspected money laundering.   The directive was issued by the country’s Gambling Regulatory Authority (GRA) after the regulator completed an internal inquiry and referred the matter to the Financial Crimes Commission (FCC), which subsequently led to the arrest of the company’s director on provisional money laundering charges.   The suspe

Austria’s chief financial watchdog, Financial Market Authority of Austria, has delivered a decisive administrative ruling against KuCoin EU Exchange GmbH, effectively blocking the cryptocurrency platform from onboarding new clients or rolling out new products after identifying serious deficiencies in its internal governance structure. The enforcement action followed the regulator’s determination that the company no longer retained the mandatory personnel required to oversee r

The Dutch gambling authority, Kansspelautoriteit (KSA), has issued a penalty order against Polymarket, instructing the cryptocurrency-based prediction platform to halt its operations in the Netherlands or face fines that could reach as much as €840,000 ($994,147).   The regulator determined that the platform had violated national regulations by making its services available to Dutch users without the required gambling licence.   According to the KSA, the company responsible f

Sweden’s financial watchdog has issued a formal caution and imposed an administrative penalty of 80 million SEK (approximately 7.5 million euros) on Samhällsbyggnadsbolaget i Norden AB (SBB) after identifying serious deficiencies in the company’s financial reporting. The action follows an investigation by Finansinspektionen, which concluded that the firm failed to present an accurate picture of its consolidated financial statements for the 2021 fiscal year. According to the r

The Danish Financial Supervisory Authority has unveiled a wide-ranging strategic initiative aimed at reducing the regulatory load on smaller financial institutions operating within Denmark’s banking sector. The project is designed to introduce a more proportionate supervisory framework for banks that operate primarily on a domestic basis and do not maintain complex or international business models. By concentrating on institutions with straightforward risk profiles, the autho

Sweden’s gambling authority, Spelinspektionen, has confirmed that a revised structure for supervisory fees will take effect on March 1, 2026.   The updated framework is set out in regulation SIFS 2026:1, which will replace the previous SIFS 2024:4.   Under the new rules, operators holding an online casino licence or a betting licence will be required to pay SEK 240,000 (€22,680) per licence for each fee period. Companies that hold both an online casino and a betting licence w

The Netherlands Gambling Authority (KSA) has stepped up its enforcement of anti-money laundering rules in the online gambling sector, issuing a formal warning to TOTO Online after identifying multiple shortcomings in the operator’s compliance with national AML legislation.   The regulator said TOTO Online failed to fully comply with obligations under the Money Laundering and Terrorism Financing (Prevention) Act, particularly in relation to the ongoing monitoring of customer r