Compliance

The Malaysian government is preparing new legislation aimed at curbing illegal gambling, with plans to grant expanded enforcement powers to police in response to growing concerns over both online and land-based betting activities.   Deputy Prime Minister Fadillah Yusof confirmed that authorities are currently drafting the proposed law and intend to present it during the upcoming parliamentary session.   “At the federal level, the government is drafting a law to address illega

The Rouse Avenue Court has fixed April 6 for consideration of a supplementary charge sheet filed in December 2025 against Robert Vadra in a money laundering case connected to alleged arms dealer Sanjay Bhandari. During proceedings, the Enforcement Directorate (ED) submitted that the newly filed supplementary prosecution complaint does not require a pre-cognizance notice, as the court had already taken cognizance of the original charge sheet in the matter. Special Judge Sushan

Industrialist Anil Ambani appeared at the headquarters of the Enforcement Directorate (ED) in Delhi on February 26 to record his statement in connection with an ongoing money laundering investigation. Ambani arrived at around 11 am after being summoned for questioning in the case. His appearance follows the ED’s attachment of his Mumbai residence, ‘Abode’, located in Pali Hill, valued at Rs 3,716.83 crore. The property was attached under the provisions of the Prevention of Mo

The Financial Action Task Force has issued a major new paper drawing attention to the dramatic rise in fraud driven by rapid digital transformation, cautioning that cyber-enabled scams now represent a substantial share of criminal activity across multiple jurisdictions and pose serious risks to global financial stability. The international watchdog underscores that criminal groups are increasingly exploiting instant payment infrastructures and emerging technologies to transfe

Major leadership changes at the Federal Reserve this year could bring long-awaited relief to the US gaming industry, as investors and operators closely monitor who will succeed Jerome Powell when his term as chair ends in mid-May.   There is intense speculation in Washington over Powell’s replacement, and the gaming sector is paying close attention to the transition at the central bank. The prevailing view among political and economic observers is that the next chair, possibl

Finland’s sweeping plans to reform its gambling system are facing mounting criticism from legal experts and harm prevention organisations, as discussions intensify under the consultation process led by the Gambling Harm Risk and Harm Assessment Group within the Ministry of Social Affairs and Health.   Legal firm Nordic Law has strongly criticised the government’s position on artificial intelligence, arguing that the draft legislation fails to properly recognise the sophistica

Officials from the Office of Financial Sanctions Implementation (OFSI) have returned to the enforcement action against Bank of Scotland Plc, providing a detailed breakdown of the compliance lapses that resulted in a £160,000 fine. The case, linked to the UK’s Russia sanctions regime, underscores how even minor technical oversights in screening processes can allow sanctioned individuals to move capital undetected. By analyzing failures in automated systems and internal escalat

Athens has announced that all options are being considered in the fight against black market gambling, including prison sentences and consumer fines for repeated participation on illegal websites. Greece is moving forward with plans to become the first EU country to introduce a “comprehensive framework” specifically targeting illegal gambling activities and associated crimes. The initiative comes from Kyriakos Pierrakakis, Minister of National Economy and Finance, who is adva