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Illumina Cambridge Pays £7.44 Million Settlement for Russia Sanctions Breaches
Illumina Cambridge Limited has paid a compound settlement of £7,438,840.13 to HM Revenue and Customs following breaches of UK sanctions restrictions concerning the supply of goods to Russia. The breaches occurred between July 2022 and January 2023 and related to Regulation 25(1) of the Russia (Sanctions) (EU Exit) Regulations 2019. According to the published details, the company became involved in the supply of sanctioned goods between two companies located outside the United
27 minutes ago


Huawei Faces US Trial Over Alleged Sanctions Evasion, Bank Fraud and Money Laundering
Huawei Technologies has gone on trial in federal court in Brooklyn, New York, in a long-running criminal case involving allegations of sanctions violations, bank fraud, wire fraud, money laundering, racketeering and theft of trade secrets. Jury selection began on September 8, 2026, almost eight years after US authorities initially brought charges against the Chinese telecommunications company. Prosecutors allege that Huawei used a network of corporate relationships and intern
32 minutes ago


AUSTRAC Removes 45 Payment and Virtual Asset Businesses as Regulatory Pressure Intensifies
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
1 day ago
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Oil Surges Above $100 as US-Iranian Strikes and Houthi Attacks Disrupt Regional Energy Supplies
Oil prices climbed to $100 (£74) a barrel on Wednesday for the first time since July, as a sharp escalation in military activity involving the United States, Iran, Yemen's Houthis and Saudi Arabia intensified fears over the security of global energy supplies. Brent crude, the global benchmark for oil prices, rose 2.83% from Tuesday to reach $100.70 a barrel by Wednesday afternoon. The latest increase came after a series of attacks on shipping and energy infrastructure across


Democratic Bulgaria Proposes Near-Total Ban on Gambling Advertising in Bulgaria
Democratic Bulgaria has introduced legislation in Bulgaria’s 52nd National Assembly seeking to impose an almost comprehensive ban on gambling advertising and close what its MPs describe as loopholes that have allowed operators to continue promoting their businesses despite restrictions introduced in 2024. The bill, registered under number 52-654-01-130 on 9 September 2026, proposes amendments to the Gambling Act that would significantly broaden the scope of prohibited gamblin


Illumina Cambridge Pays £7.44 Million Settlement for Russia Sanctions Breaches
Illumina Cambridge Limited has paid a compound settlement of £7,438,840.13 to HM Revenue and Customs following breaches of UK sanctions restrictions concerning the supply of goods to Russia. The breaches occurred between July 2022 and January 2023 and related to Regulation 25(1) of the Russia (Sanctions) (EU Exit) Regulations 2019. According to the published details, the company became involved in the supply of sanctioned goods between two companies located outside the United


Huawei Faces US Trial Over Alleged Sanctions Evasion, Bank Fraud and Money Laundering
Huawei Technologies has gone on trial in federal court in Brooklyn, New York, in a long-running criminal case involving allegations of sanctions violations, bank fraud, wire fraud, money laundering, racketeering and theft of trade secrets. Jury selection began on September 8, 2026, almost eight years after US authorities initially brought charges against the Chinese telecommunications company. Prosecutors allege that Huawei used a network of corporate relationships and intern
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