Top Story

Russian law enforcement agencies have carried out a major operation targeting a payment platform allegedly used to facilitate transactions for more than a dozen online casinos, resulting in multiple arrests and the seizure of significant amounts of cash and luxury assets. According to Russia’s Federal Security Service (FSB), the operation was conducted jointly with the country’s Investigative Committee and led to the detention of 24 individuals suspected of involvement in the

A significant overhaul of Cyprus trust legislation is being advanced through a bill submitted to Parliament by the Cyprus Bar Association, with the objective of modernizing one of the most important legal mechanisms used for asset management, business succession, wealth preservation and private estate planning. The proposal represents one of the most substantial reforms to trust law in recent years and is designed to update the existing legal framework while removing long-sta

KPMG has become embroiled in a major controversy as its Australian business faces allegations involving the misuse of confidential information and breaches of auditor independence rules, with a parliamentary hearing on the matter scheduled to take place later this month. The accusations are said to relate to a period that largely coincided with the tax leaks scandal involving rival firm PwC, which ultimately resulted in the consultancy being prohibited from undertaking work f

The High Court of New Zealand has ordered ASB Bank Limited to pay a civil pecuniary penalty of 6,731,000 dollars after finding that the institution failed to meet key obligations under the country's anti-money laundering and countering financing of terrorism framework. The ruling, delivered by Justice O’Gorman, underscores the vital role major financial institutions play in safeguarding both domestic and international financial systems from criminal exploitation and the movem

The Netherlands Authority for the Financial Markets (AFM) has imposed an administrative penalty of €170,000 on digital bank bunq B.V. after determining that the company failed to handle several customer complaints related to online fraud within the timeframe required by law. According to the regulator, the sanction stems from bunq's delayed responses to seven complaints submitted by customers who had fallen victim to online scams. In each of those cases, the affected individu

The investigation into the theft of more than €61 million from Caritas Luxembourg has expanded after Italian authorities arrested a woman in Rome who is believed to have played an important role in the alleged money laundering operation connected to the fraud. The detention followed a European arrest warrant issued by Luxembourg investigators and was reported by Luxembourg media outlets citing information from Italy. Authorities now believe the case extends well beyond the or

Germany's regulated sports betting sector is preparing for a major surge in activity during the 2026 FIFA World Cup, with industry representatives predicting that the tournament in the United States, Canada and Mexico will become the year's most significant commercial event for the market. According to projections from the German Sports Betting Association (DSWV), the total volume of wagers placed in Germany during the competition could approach the €1 billion threshold. The

A new report from Jefferies maintains a positive stance on Greek banks, keeping a buy recommendation for Alpha Bank, Eurobank, National Bank of Greece, and Piraeus Bank, arguing that the resilience of the Greek economy continues to support a favourable investment case. According to Jefferies, Greek banks are operating within one of the most attractive macroeconomic environments in Europe. The report highlights that the sector still trades at roughly a 15% discount compared