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OPBAS Flags Persistent AML Enforcement Weaknesses Ahead of FCA Takeover
The Office for Professional Body Anti-Money Laundering Supervision (OPBAS) has published its latest review into how professional body supervisors oversee the legal and accountancy sectors, pointing to measurable improvements since its establishment in 2018 while warning that deep-rooted weaknesses in enforcement remain unresolved. Although supervisory standards have generally improved over the past several years, the regulator continues to express concern about inconsistent d
44 minutes ago


Tens of Thousands of UK Properties Worth £190bn Remain Opaque Despite Crackdown on Overseas Owners
The true owners behind nearly 45,000 properties across Britain, with a combined value approaching £190 billion, remain concealed from public view in what experts warn could represent a widespread breach of recently introduced anti-money laundering legislation. The controversy stems from the Economic Crime Act, enacted in March 2022 in the aftermath of Russia’s invasion of Ukraine. The law required foreign owners of UK property to disclose the “beneficial owner” of any real es
59 minutes ago


Oil Surges as Iran Conflict Escalates, Raising Fears Over Global Energy Supplies
Crude oil prices jumped in early trading on Monday as markets reacted to intensifying tensions in the Middle East and the potential disruption to global energy supplies. Investors weighed the economic consequences of coordinated US and Israeli strikes on Iran, followed by swift retaliatory actions from Tehran that targeted assets across several countries in the region. At the start of trading, the price of US benchmark crude briefly spiked by around 8% before easing sligh
1 day ago
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New Zealand to Launch Regulated iGaming Licences from July, Capping Operators at 15
New Zealand will begin its iGaming licensing process from July, according to a new timeline issued by the Department of Internal Affairs (DIA). The proposed Online Casino Gambling Bill, which passed its first reading in July 2025, is expected to be passed into law in May following a second reading in parliament. Once it clears this stage, the bill will move to committee for a third reading before becoming enforceable. The introduction of the licensing regime represents a sign


Online Gambling Soars in the Philippines, Manila Bulletin Calls for Stronger Public Awareness
Nearly half of the adult population in the Philippines, or approximately 32 million people, are reportedly engaging in online gambling, according to recent reports. Internet betting has surged since the COVID-19 pandemic, and with the Philippine government appearing intent on maximizing revenue from gambling, the country’s leading English-language newspaper is now urging regulatory reform. The Manila Bulletin, founded in 1900 and the second-oldest English newspaper in the Far


Cyprus Services and Transport Sectors Report Broad-Based Growth in 2025
The Cyprus Statistical Service (Cystat) has reported that Cyprus’s services and transport sectors experienced broad-based growth during the final quarter of 2025. According to the data, the Turnover Value Index for the fourth quarter showed a 9.5 per cent increase in the accommodation and food service activities sector compared with the same period in 2024. Real estate activities also recorded an upward trajectory, with growth of 5.7 per cent during the three-month period, wh


OPBAS Flags Persistent AML Enforcement Weaknesses Ahead of FCA Takeover
The Office for Professional Body Anti-Money Laundering Supervision (OPBAS) has published its latest review into how professional body supervisors oversee the legal and accountancy sectors, pointing to measurable improvements since its establishment in 2018 while warning that deep-rooted weaknesses in enforcement remain unresolved. Although supervisory standards have generally improved over the past several years, the regulator continues to express concern about inconsistent d
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