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Global Crackdown Intensifies: FATF and Interpol Mobilize Against the $1.03 Trillion Fraud Economy
At the Global Fraud Summit in Vienna this week, international authorities delivered a stark warning: fraud has evolved into a vast, technologically sophisticated global economy responsible for an estimated $1.03 trillion in annual losses. Leaders from the Financial Action Task Force (FATF) and Interpol joined policymakers, regulators, and financial experts to confront what is no longer viewed as isolated criminal activity, but as an interconnected and highly organized syste
17 minutes ago


Geopolitical Tensions in Iran Raise Global Insurance Concerns, Says Morningstar DBRS
Rising geopolitical tensions centred on Iran are heightening concerns within the global insurance sector, particularly in lines covering terrorism and political violence, according to ratings agency Morningstar DBRS. The report warned that prolonged instability in the Middle East could lead to greater volatility in risk underwriting, as well as “stricter insurance terms for businesses and investors worldwide.” Despite the uncertainty, analysts noted that the insurance industr
37 minutes ago


South Africa’s Expanding Illegal Gambling Market Exposes Critical AML Gaps
Responsible gambling campaigns dominate sports sponsorships and social media messaging, yet South Africa’s vast informal gambling ecosystem continues to flourish with minimal oversight. Research from RelyComply indicates that as gambling participation grows—spanning online betting, casino gaming, and horse racing—roughly 30% of South Africans are believed to have engaged with illegal gambling platforms. This activity may be costing the economy up to R10 million annually.
1 day ago
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Bally’s Restructures Operations as Q4 Revenue Reaches $746.2m Following Intralot Deal
Bally’s has reported group revenue of $746.2 million for the fourth quarter of 2025, reflecting a significant shift in its reporting structure after the completion of Intralot’s €2.7 billion acquisition of Bally’s International Interactive. As part of this transition, the company now consolidates the combined entity into its financial results while maintaining a 58% controlling stake. The restructuring, finalized in October, replaces the former International Interactive s


National Bank of Greece Completes Etalia B Transaction in Continued Balance Sheet Clean-Up
National Bank of Greece has announced the successful completion of the Etalia B transaction, involving the sale of non-performing exposures. The deal concerns a portfolio of non-performing loans with €0.1 billion in outstanding principal, representing a further step in the bank’s ongoing efforts to streamline its balance sheet. The portfolio was transferred to Creditable Opportunities Fund SCA SICAV-RAIF, an acquisition vehicle affiliated with the EOS Group, while management


Global Crackdown Intensifies: FATF and Interpol Mobilize Against the $1.03 Trillion Fraud Economy
At the Global Fraud Summit in Vienna this week, international authorities delivered a stark warning: fraud has evolved into a vast, technologically sophisticated global economy responsible for an estimated $1.03 trillion in annual losses. Leaders from the Financial Action Task Force (FATF) and Interpol joined policymakers, regulators, and financial experts to confront what is no longer viewed as isolated criminal activity, but as an interconnected and highly organized syste


Geopolitical Tensions in Iran Raise Global Insurance Concerns, Says Morningstar DBRS
Rising geopolitical tensions centred on Iran are heightening concerns within the global insurance sector, particularly in lines covering terrorism and political violence, according to ratings agency Morningstar DBRS. The report warned that prolonged instability in the Middle East could lead to greater volatility in risk underwriting, as well as “stricter insurance terms for businesses and investors worldwide.” Despite the uncertainty, analysts noted that the insurance industr
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