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Second Suspect Arrested in Nairobi Over USD 217,900 Gold Scam Targeting American Investor
Detectives in Nairobi have apprehended a second individual in connection with a multi-million shilling gold fraud scheme that allegedly swindled an American citizen out of USD 217,900. The suspect, Mohammed Noor Muhyadhin Mohammed, was arrested by officers from the Operation Support Unit on allegations of money laundering linked to a fraudulent gold transaction that had promised the delivery of 495 kilograms of gold but ultimately produced nothing. Authorities say the elabora
2 hours ago


Dutch Regulator Orders Polymarket to Exit Netherlands or Face €840,000 Fine
The Dutch gambling authority, Kansspelautoriteit (KSA), has issued a penalty order against Polymarket, instructing the cryptocurrency-based prediction platform to halt its operations in the Netherlands or face fines that could reach as much as €840,000 ($994,147). The regulator determined that the platform had violated national regulations by making its services available to Dutch users without the required gambling licence. According to the KSA, the company responsible f
2 hours ago


Swedish Regulator Fines SBB 80 Million SEK Over Major Financial Reporting Breaches
Sweden’s financial watchdog has issued a formal caution and imposed an administrative penalty of 80 million SEK (approximately 7.5 million euros) on Samhällsbyggnadsbolaget i Norden AB (SBB) after identifying serious deficiencies in the company’s financial reporting. The action follows an investigation by Finansinspektionen, which concluded that the firm failed to present an accurate picture of its consolidated financial statements for the 2021 fiscal year. According to the r
1 day ago
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Cyprus chamber points to major export gains from EU-India trade deal
The Cyprus Chamber of Commerce and Industry (Keve) has underlined the substantial export potential arising from the newly concluded free trade agreement between the European Union and India, noting that the arrangement is expected to open important new pathways for European exporters, including businesses in Cyprus. According to the chamber, the agreement, finalised in January 2026 and anticipated to take effect in the coming years, will make India’s vast market of around 1


South Africans Face Asset Seizure and Data Risks When Using Illegal Offshore Gambling Platforms
South Africans who access unlicensed offshore gambling websites face serious legal and financial consequences, including the possible loss of both their deposits and any winnings. Financial institutions are obligated under the law to seize funds connected to illegal betting activities, meaning users may never recover money earned through these platforms. According to the Internet Service Providers’ Association (ISPA), national legislation forbids residents from participat


Second Suspect Arrested in Nairobi Over USD 217,900 Gold Scam Targeting American Investor
Detectives in Nairobi have apprehended a second individual in connection with a multi-million shilling gold fraud scheme that allegedly swindled an American citizen out of USD 217,900. The suspect, Mohammed Noor Muhyadhin Mohammed, was arrested by officers from the Operation Support Unit on allegations of money laundering linked to a fraudulent gold transaction that had promised the delivery of 495 kilograms of gold but ultimately produced nothing. Authorities say the elabora


Dutch Regulator Orders Polymarket to Exit Netherlands or Face €840,000 Fine
The Dutch gambling authority, Kansspelautoriteit (KSA), has issued a penalty order against Polymarket, instructing the cryptocurrency-based prediction platform to halt its operations in the Netherlands or face fines that could reach as much as €840,000 ($994,147). The regulator determined that the platform had violated national regulations by making its services available to Dutch users without the required gambling licence. According to the KSA, the company responsible f
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