Macau’s Prosecutor General, Tong Hio Fong, has called for changes to the legal framework governing illegal currency exchange linked to gambling, warning that difficulties in proving suspects are operating a business are undermining the effectiveness of enforcement. Speaking at the opening ceremony of the 2026/2027 judicial year on Thursday, Tong said prosecutors and police face a significant evidentiary hurdle under the current law. Authorities must establish not only that

New quarterly measures aim to identify emerging capital losses and weakening profitability between regular stress tests, giving financial supervisors a more timely picture of banking sector resilience. The European Central Bank (ECB) has developed two new indicators designed to monitor vulnerabilities in euro area banks between scheduled stress tests, providing regulators with more frequent information on lenders’ ability to withstand economic shocks, absorb losses and main

A Brazilian national has been sentenced to 12 years in federal prison for his managerial role in an international money laundering operation that concealed more than $30 million in illicit proceeds, including money generated by drug trafficking. The case exposed a coordinated network that used cash couriers, bank deposits and encrypted-by-platform messaging communications to move criminal proceeds across the United States and facilitate their return to suppliers and other r

German law enforcement authorities have frozen 189 bank accounts containing approximately €2 million and arrested four individuals as part of a large-scale investigation into an alleged corporate money laundering network operating across Berlin and Brandenburg. The operation, carried out on 14 October, involved coordinated action by police, prosecutors and tax investigators, who conducted searches at 16 residential and commercial properties. According to investigators, the