Austria is still struggling to effectively investigate and prosecute money laundering cases, according to a newly released assessment by the Paris-based Financial Action Task Force. The report highlights ongoing vulnerabilities in the country’s financial crime framework, particularly given its role as a key gateway to Eastern Europe and the associated exposure to illicit financial flows. The findings were outlined in a “mutual evaluation report,” a peer review conducted b

Mexico’s gambling industry has been thrust into controversy following allegations that casino licences were tied to a detained former security official accused of criminal activity. The dispute centers on claims published by the newspaper Reforma, which alleged that 20 casino licences had been granted to a company associated with the family of Hernán Bermúdez Requena. Regulatory authorities and industry representatives have strongly denied the report, accusing the publica

The Sports Committee of Brazil’s Chamber of Representatives has taken a significant step toward strengthening financial support for athletes by approving a proposal that establishes a continuous funding stream for the sector through the redistribution of lottery revenues. The initiative ensures that a portion of government income generated from lottery operations will be directed to organizations that represent and assist professional athletes. This allocation is intended to

On April 28, 2026, the Office of Foreign Assets Control issued a major advisory highlighting ongoing sanctions exposure tied to independent oil refineries in China, warning financial institutions of severe risks associated with transactions involving these entities. The alert underscores that so-called “teapot refineries” have become central players in the import and processing of Iranian crude oil throughout 2025 and into the current fiscal period. U.S. officials stressed th