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Belgian Investigation Into Wise Europe Highlights AML Challenges for Cross-Border Payment Providers
Belgian authorities are currently examining more than €500 million in transactions processed through Wise Europe as part of an ongoing money laundering investigation that has drawn considerable attention across the financial services industry. The matter is particularly notable because it involves one of Europe’s most prominent providers of international payment services. Prosecutors are reportedly assessing whether the institution’s customer due diligence measures and transa
11 minutes ago


Israel Strengthens Fight Against Wildlife Trafficking by Expanding Money Laundering Enforcement Powers
In a significant development for wildlife protection and financial crime enforcement, Israel has taken a major step toward treating wildlife trafficking as a serious organized crime offense rather than solely an environmental violation. The Knesset’s Law Committee has approved a temporary order that brings trafficking in wildlife and protected plant species within the scope of the country’s Money Laundering Prohibition Law, providing authorities with new tools to target the f
14 minutes ago


German Banking Regulator Orders Extensive Remediation Measures Following Compliance Failures at Cronbank AG
Germany’s financial regulator has directed Cronbank AG to address significant shortcomings in its internal control environment and to establish a business structure that complies with statutory requirements. The enforcement action followed a detailed special examination that identified serious breaches of regulatory obligations within the institution. In response, the supervisory authority imposed binding corrective measures, appointed an independent special representative to
22 hours ago
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Austria Moves Toward a Multi-Licence Gambling Market as Monopoly Reform Gains Momentum
Austria’s long-standing online casino monopoly may finally be approaching its end following a dramatic shift in policy by the Finance Ministry. After years of speculation and only limited movement toward reform, a leaked draft gambling law published on Wednesday indicates that the government is preparing to open the online gambling market to multiple operators. The proposal represents one of the most significant developments in Austria’s gambling sector in decades and could f


Cyprus Economy Records Solid First-Quarter Growth as Consumption and Services Drive Expansion
Cyprus began 2026 with continued economic momentum, as the country’s economy expanded by 3 per cent in the first quarter compared with the same period a year earlier, according to preliminary figures released on Tuesday by the Cyprus Statistical Service (Cystat). The latest data indicate that household spending, export performance, and strong activity across several major services industries played a central role in supporting growth during the opening months of the year. Mea


Italy Seeks Greater Clarity on Gambling Communications Under Strict Advertising Rules
Italy’s communications regulator is moving to provide greater clarity on how licensed gambling operators can interact with customers while remaining compliant with the country’s stringent advertising restrictions. The initiative comes as the regulator launches a consultation focused on responsible gambling communications, seeking to establish clearer distinctions between customer information that may be permitted and marketing activity that remains prohibited under existing l


Belgian Investigation Into Wise Europe Highlights AML Challenges for Cross-Border Payment Providers
Belgian authorities are currently examining more than €500 million in transactions processed through Wise Europe as part of an ongoing money laundering investigation that has drawn considerable attention across the financial services industry. The matter is particularly notable because it involves one of Europe’s most prominent providers of international payment services. Prosecutors are reportedly assessing whether the institution’s customer due diligence measures and transa
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