Italy’s Council of Ministers has given preliminary approval to a new legislative decree designed to simplify and modernize tax compliance and assessment procedures, with major implications for the country’s slot machine and video lottery terminal (VLT) sectors. The draft decree, introduced by Economy and Finance Minister Giancarlo Giorgetti, seeks to reorganize and consolidate regulatory measures that were introduced in 2023. While the legislation does not alter the under

President Sadyr Japarov has defended Kyrgyzstan’s decision to legalize casinos for foreign passport holders, arguing that the move has generated substantial economic benefits since the country reopened the industry in 2022. Speaking to the Russian-language media outlet Gazeta, Japarov said the policy had already demonstrated clear financial advantages for the country and insisted there was “nothing reprehensible” about the government’s decision to revive the casino sector.

The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has released an in-depth analytical report examining how established international trade corridors are being exploited for the movement of restricted and dual-use technologies. The assessment focuses on procurement structures and money laundering networks operating within segments of the South Asian diaspora, which are allegedly being used to facilitate the acquisition and diversion of sensitive goods

Austria’s Financial Market Authority has imposed a financial penalty of 60,000 euros on Sparkasse Oberösterreich Bank AG after identifying significant shortcomings in the institution’s anti-money laundering due diligence framework. The enforcement action followed a comprehensive regulatory review of the bank’s internal controls, compliance procedures, and risk management systems designed to prevent financial crime within the Austrian banking sector. The matter was resolved th