Top Story

The Economic and Financial Crimes Commission has commenced legal proceedings against Kavlak Onal following his arrest at Murtala Muhammed International Airport after authorities discovered more than 1.45 million dollars in undeclared foreign currency in his possession. During testimony before the Federal High Court in Lagos, a Nigerian Customs Service officer described how the concealed money was uncovered during standard boarding checks for an Emirates Airlines flight. The a

Tunisia is preparing to modernise its gambling legislation through a newly proposed draft Bill designed to overhaul a regulatory framework that has remained largely unchanged for more than five decades.   The initiative comes in response to the rapid expansion of online and mobile gambling, sectors that have outpaced the scope of the country’s existing laws.   The proposal, put forward by 23 members of the Assembly of the Representatives of the People, seeks to amend Decree L

United States federal prosecutors have secured a twenty-year prison sentence against Daren Li after his conviction for laundering more than 73 million dollars connected to a vast international cryptocurrency investment fraud operation. Li, a dual national of China and St. Kitts and Nevis, received the maximum penalty allowed by law after admitting to organizing a sophisticated financial structure designed to process criminal proceeds. Despite the sentencing, Li is currently a

Castle Sanderson Limited has been ordered to pay a financial penalty of 10,462 pounds after reaching a regulatory settlement with the Solicitors Regulation Authority (SRA). The Leeds-based legal practice, which offers services including conveyancing, wills, and probate, was sanctioned following an investigation that identified ongoing deficiencies in its anti-money laundering (AML) systems. Regulators found that the firm failed to maintain sufficient internal policies and did

Google has revealed plans to introduce more rigorous standards for gambling advertisers operating across Europe, Africa, and the Middle East, significantly raising the bar for companies seeking access to its advertising platforms.   The policy shift was announced by Google’s Dublin-based advertising unit and centers on expanded verification and eligibility requirements for businesses in the gambling sector.   The updated framework is set to take effect on March 23, 2026. From

The Solicitors Regulation Authority is placing increasing emphasis on supervising smaller legal practices, demonstrated by a recent £1,596 fine issued to a Newcastle-based firm following serious failures in money laundering record-keeping. The enforcement action against Caisson Turner Legal Services reflects a broader shift in regulatory strategy, where smaller firms are no longer shielded from proactive oversight based on their size. The SRA investigation revealed an eight-y

The legalization of betting in 2026 is less about dramatic first-time openings and more about careful regulatory evolution that reshapes how betting functions in practice.   While only a limited number of countries move from prohibition to legality, several influential jurisdictions are rolling out expanded licensing regimes, dismantling monopolies, or activating legal frameworks that were approved in earlier years.   Rather than triggering a single, sweeping global shift, 20

A dramatic selloff in ether this week turned an aggressively bullish wager into a costly unraveling for Trend Research, a trading firm led by Liquid Capital founder Jack Yi, after ETH prices plunged below the $2,000 mark.   Trend Research had spent months constructing a massive long position in ether valued at roughly $2 billion. The strategy relied on a high-risk “looped” structure: the firm deposited ether as collateral on the DeFi lending protocol Aave, borrowed stablecoin