The growing conflict over unlicensed gambling sponsorship in English football has intensified, with Entain calling on 10 Premier League clubs to reconsider commercial relationships with betting operators that do not hold a licence to offer gambling services in Great Britain. The intervention comes as the UK Government considers whether sponsorship agreements between Premier League clubs and unlicensed gambling businesses should be prohibited. The consultation is examining whe

Cyprus-regulated businesses are being encouraged to participate in a European consultation that could significantly change how money laundering and terrorist financing risks are assessed across the European Union. The Cyprus Securities and Exchange Commission has urged regulated entities to engage with the Anti-Money Laundering Authority on draft Regulatory Technical Standards designed to establish a common methodology for assessing the money laundering and terrorist financin

Brazil has taken another step towards changing the way lottery revenues are distributed to the country’s sports sector after the Senate approved legislation altering the transfer of lottery funds to the Brazilian Olympic Committee and other sporting organisations. The bill will now be submitted to President Luiz Inácio Lula da Silva for presidential sanction, potentially introducing a new framework for the distribution of revenues generated through Brazil’s lottery system. Th

Australia’s financial crime regulator has stepped up its scrutiny of remittance businesses and virtual asset service providers, removing 45 businesses from its registers over the past year after identifying a range of regulatory, operational and money laundering concerns. The action represents a significant warning to businesses operating in high-risk payment sectors as Australia enters a new phase of its anti-money laundering and counter-terrorism financing framework. The re