A Philadelphia woman has admitted her role in a sophisticated money laundering conspiracy that channelled more than US$1 million in proceeds from business email compromise (BEC) fraud, highlighting the continued threat such schemes pose to public sector organisations and financial institutions. Domonesha Owens, 37, pleaded guilty to one count of conspiracy to commit money laundering in the U.S. District Court for the Eastern District of Pennsylvania. The guilty plea follows a

The UK Gambling Commission has concluded its regulatory review of Evolution Malta Holding Limited with a £4.75 million regulatory settlement after determining that the company's casino games were made available to British consumers through a number of unlicensed gambling websites. The case represents one of the regulator's latest enforcement actions aimed at preventing licensed suppliers from supporting the illegal online gambling market and reinforces the Commission's expect

The International Monetary Fund (IMF) has cautioned that the accelerating adoption of tokenised finance has the potential either to make the global financial system stronger and more efficient or to introduce entirely new forms of systemic risk, with the eventual outcome depending heavily on the decisions taken today by governments, central banks and financial regulators. According to the IMF, tokenisation should not be viewed merely as another step in financial technology. I

Despite the intense wave of advertising and promotions surrounding online betting during the World Cup, a growing number of Brazilians chose to use the federal government’s self-exclusion platform to voluntarily restrict their access to gambling websites. The protection system, which was officially introduced by the federal government in December, has quickly become the country’s main tool for individuals seeking to prevent themselves from accessing regulated online betting s