Compliance

A Malta-based betting operator has been hit with a €225,000 fine for its “lax” approach to anti-money laundering safeguards, along with daily penalties of €2,000, following a targeted review of its operations by the Financial Intelligence Analysis Unit (FIAU), Malta’s anti-money laundering authority. The sanctions were imposed on Stanleybet Malta Limited, a subsidiary of the Stanleybet Group, after investigators identified systemic weaknesses in the company’s monitoring of cu

A new report from Amnesty International claims that the Cambodian government recently licensed “a dozen casinos” allegedly tied to online scam operations, raising serious questions about Phnom Penh’s commitment to combating cybercrime. Despite recent, highly publicized statements by Cambodian authorities asserting that they are cracking down on criminal online scam compounds, the human rights organization contends otherwise. Amnesty International asserts that “a dozen casinos

On April 8th, Indonesia has deported a British national arrested last month on the resort island of Bali for alleged transnational drug trafficking and money laundering in Spain, immigration authorities confirmed Wednesday. The 45-year-old, identified only by his initials “SL,” was apprehended at Ngurah Rai International Airport last month upon arrival from Singapore, after immigration officers noticed he was on Interpol’s wanted list. He was flown to Jakarta on Tuesday befor

The sudden failure of MBaer Merchant Bank AG has triggered considerable uncertainty among its corporate clientele, notably global iron-ore producer Ferrexpo. The mining group has cautioned investors that the bank’s liquidation could adversely affect its operations if alternative banking arrangements are not secured in a timely manner. Ferrexpo revealed that its Swiss subsidiary had relied on the now-defunct institution for a range of financial services. With regulators forcin

New findings from Global Financial Integrity reveal that illicit financial flows driven by trade misinvoicing across Developing Asia, Africa, and the Middle East and North Africa have climbed to unprecedented levels, posing a serious threat to economic stability and domestic resource generation. These flows—funds that are illegally earned, transferred, or used across borders—continue to expose weaknesses in regulatory systems and customs enforcement, which are increasingly un

The United States Senate has significantly intensified its federal investigation into Binance following revelations of a potential $1.7 billion discrepancy in reported transactions tied to sanctioned entities. The escalation comes after an April 1 directive requiring the exchange to submit detailed transaction data, internal calculation methodologies, and a full accounting of wallet addresses linked to high-risk jurisdictions. At the center of the inquiry is the stark inconsi

A recent report from TRM Labs outlines how Indonesian law enforcement successfully prosecuted three individuals accused of orchestrating the systematic transfer of digital assets to support international militant organizations between 2024 and 2025. These cases, widely regarded as a milestone in regional enforcement, stemmed from detailed financial investigations that uncovered the movement of roughly 49,000 USDT to extremist groups operating in Syria. The outcomes signal a n

A senior figure within Communist Party of the Russian Federation has urged the Kremlin to abandon controversial plans to legalize online casinos, instead advocating for a sweeping crackdown on digital gambling platforms.   Georgy Kamnev, a State Duma deputy and member of the party’s Central Committee, has called for what he described as a “complete ban on online casinos in Russia,” according to reports from the Russian outlet News.ru .   Kamnev argued that authorities should