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Central Bank of Sri Lanka has issued a significant warning through a newly released national report highlighting a sharp rise in the risks associated with money laundering and terrorism financing during the 2024 and 2025 period. The update, prepared by the country’s Financial Intelligence Unit of Sri Lanka, concludes that Sri Lanka now faces a high level of threat from illicit proceeds generated by drug trafficking, while the risk related to extremist financing has been eleva

South Africans who access unlicensed offshore gambling websites face serious legal and financial consequences, including the possible loss of both their deposits and any winnings.   Financial institutions are obligated under the law to seize funds connected to illegal betting activities, meaning users may never recover money earned through these platforms.   According to the Internet Service Providers’ Association (ISPA), national legislation forbids residents from participat