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KPMG Australia Faces Expanding Scandal Over Alleged Data Misuse and Whistleblower Handling
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
3 hours ago


New Zealand High Court Imposes Multi-Million Dollar Penalty on ASB Bank Over Anti-Money Laundering Failures
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
3 hours ago


Dutch Regulator Fines bunq €170,000 Over Delayed Responses to Online Fraud Complaints
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
1 day ago
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Tanzania’s Booming iGaming Sector Signals a New Era for East Africa’s Gambling Industry
Tanzania’s iGaming industry has experienced remarkable growth in recent months, with sports betting revenues reportedly surpassing TZS189.18 billion ($72 million). The surge has been driven largely by a youthful customer base aged between 18 and 34, whose growing passion for sports content and widespread use of mobile devices have transformed the country’s gambling landscape. Today, an estimated 99% of gambling activity in Tanzania takes place online through mobile phones.


International Entertainment Expands Into Philippine Online Gaming Through Partnership With DigiPlus Subsidiary TGXI
Hong Kong-listed International Entertainment Corporation (IEC) is moving into the Philippine online gaming sector after one of its subsidiaries entered into a cooperation agreement with Total Gamezone Xtreme Incorporated (TGXI), a wholly owned subsidiary of Philippine gaming operator DigiPlus Interactive Corp. According to a filing submitted to the Hong Kong Stock Exchange, New Coast Leisure Inc. (NCLI), an indirect subsidiary of IEC and the operator of LaVie Resort & Casin


Anjouan Gaming Rejects Claims Its Licences Are Intended for Global Gambling Operations
The gambling regulator of Anjouan has firmly pushed back against suggestions that its licences are designed to provide operators with unrestricted access to betting markets around the world, insisting that its regulatory approvals have never been intended as universal authorizations. Anjouan, one of the self-governing islands that form part of the Union of the Comoros in the Indian Ocean, has increasingly become a focal point in discussions surrounding unlicensed, offshore an


KPMG Australia Faces Expanding Scandal Over Alleged Data Misuse and Whistleblower Handling
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
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