How can the gambling industry lead the charge against money laundering? BOS (The Swedish Trade Association for Online Gambling) has unveiled a set of transformative initiatives designed to strengthen anti-money laundering (AML) practices across Sweden’s gambling sector. With rising regulatory expectations and the increasing complexity of financial crimes, these initiatives aim to set a new […]
The Dutch Parliament is urging Curaçao to strengthen its gambling and anti-money laundering regulations as the island finalizes its new LOK gambling law. This push reflects growing concerns over Curaçao’s role as a global offshore gaming hub, with potential risks of money laundering and organized crime. Curaçao has faced scrutiny for its past regulatory practices, […]
South Africa is making significant strides in its efforts to exit the FATF grey list, with recent updates to its anti-money laundering (AML) and counter-terrorist financing (CTF) framework. Despite some progress, key challenges remain, particularly around financial sector alignment, casino regulation, and transaction reporting standards. With the Financial Action Task Force (FATF) offering specific recommendations, […]
The Philippines has achieved a major milestone in its efforts to exit the Financial Action Task Force (FATF) grey list, having addressed all 18 deficiencies in its anti-money laundering (AML) and counter-terrorism financing (CFT) controls. This achievement paves the way for the country to potentially leave the grey list in 2025, pending an on-site evaluation […]
The Isle of Man Gambling Supervision Commission (GSC) has slapped Cyberhorizon, a digital office hosting service, with a hefty £140,000 (€167,297/$183,576) penalty. The fine is a result of serious breaches related to anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. This enforcement action sends a clear message about the GSC’s commitment to upholding strict compliance […]
Swedish Trade Association for Online Gambling Strengthens Anti-Money Laundering Measures with Advisense Partnership The online gambling industry faces increasing scrutiny over money laundering and terrorist financing risks. In a bid to bolster industry safeguards, the Swedish Trade Association for Online Gambling (BOS) has partnered with leading compliance consulting firm Advisense. This collaboration aims to identify […]
Esportes da Sorte CEO Surrenders to Police in Major Anti-Money Laundering Operation When the stakes are high, even industry leaders are not immune. In a dramatic turn of events, Esportes da Sorte CEO Darwin Henrique da Silva Filho has surrendered to authorities amidst a sweeping government operation targeting illegal gambling and money laundering in Brazil. […]
Suspended Mayor Alice Guo Faces 560-Year Sentence for 87 Money Laundering Charges in the Philippines Imagine facing a potential 560-year prison sentence—this is the reality for Alice Guo, the suspended mayor of Bamban, Tarlac. Accused of multiple counts of money laundering linked to offshore gaming operations, Guo’s legal troubles highlight the severe consequences of alleged […]
US States Take Action Against Illegal Gambling Operators: Michigan and Connecticut Target Bovada The fight against illegal gambling in the US has intensified as state regulators from Michigan and Connecticut take decisive actions against the notorious black-market operator, Bovada. With the aim of protecting legal gambling markets and consumer interests, these states are stepping up […]
The Danish gambling sector is facing significant regulatory changes as the Spillemyndigheden updates its anti-money laundering (AML) guidelines. Discover how the new AML guidelines, enriched with practical examples and comprehensive updates, aim to bolster compliance among gambling operators in Denmark. Learn about the specific changes, their implications for the industry, and how they align with Denmark’s broader […]