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Kuwait Court Hands Down Seven-Year Sentences and More Than $35m in Fines in Online Gambling and Money Laundering Case
A criminal court in Kuwait has imposed seven-year prison sentences on nine individuals convicted of running an online gambling platform and laundering the proceeds through a complex financial network, in a case described by authorities as an organised criminal scheme. In addition to the custodial sentences, the court ordered each defendant to pay a fine of KD1m (approximately $3.3m). The combined personal fines total KD9m (around $29.7m). The court also levied a separate
4 hours ago


Chainalysis Uncovers $16.1bn in Activity Tied to Vast Chinese Crypto Laundering Networks
New research from blockchain analytics firm Chainalysis has identified specialised underground groups linked to Chinese money laundering operations that processed more than $16.1bn in transaction volume during the 2025 calendar year. According to the findings, these networks handled an average of roughly $44m per day and relied on at least 1,799 active digital wallet addresses to sustain their activity. Chainalysis said the growth of these organisations has dramatically o
4 hours ago


German Authorities Raid Deutsche Bank Offices in Sweeping Sanctions and Money Laundering Probe
German federal police, together with investigators from the Federal Criminal Police Office, carried out wide-ranging searches at Deutsche Bank’s corporate offices in Frankfurt and Berlin on January 28, 2026. The operation was ordered by prosecutors in Frankfurt and is directed at unidentified managers and employees suspected of breaching national financial laws. Investigators are examining whether the bank enabled transactions for foreign entities connected to individuals und
4 hours ago
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Brazil Shuts Down Over 25,000 Illegal Betting Websites as Regulators Ramp Up Enforcement in 2025
Brazilian authorities dramatically increased their campaign against unlawful gambling activity throughout 2025, blocking more than 25,000 illegal betting platforms as the country completed its first full year operating under a regulated sports betting regime. Figures released by the Secretariat of Prizes and Betting (SPA), which operates under the Ministry of Finance, show that enforcement actions were carried out in close collaboration with the National Telecommunications


Kuwait Court Hands Down Seven-Year Sentences and More Than $35m in Fines in Online Gambling and Money Laundering Case
A criminal court in Kuwait has imposed seven-year prison sentences on nine individuals convicted of running an online gambling platform and laundering the proceeds through a complex financial network, in a case described by authorities as an organised criminal scheme. In addition to the custodial sentences, the court ordered each defendant to pay a fine of KD1m (approximately $3.3m). The combined personal fines total KD9m (around $29.7m). The court also levied a separate


EU Household Saving Rates Slip as Consumer Spending Continues to Outpace Income Growth
Household real consumption per capita in the euro area rose by 0.4 per cent during the third quarter of 2025, maintaining the same pace of growth recorded in the previous quarter, according to data released by Eurostat. Over the same three-month period, household real income per capita in the euro area increased by a more modest 0.1 per cent, following a stronger rise of 0.5 per cent in the second quarter of 2025. Across the European Union as a whole, household real consu


Chainalysis Uncovers $16.1bn in Activity Tied to Vast Chinese Crypto Laundering Networks
New research from blockchain analytics firm Chainalysis has identified specialised underground groups linked to Chinese money laundering operations that processed more than $16.1bn in transaction volume during the 2025 calendar year. According to the findings, these networks handled an average of roughly $44m per day and relied on at least 1,799 active digital wallet addresses to sustain their activity. Chainalysis said the growth of these organisations has dramatically o
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