AUSTRAC CEO warns the gambling sector remains highly vulnerable to sophisticated ML, urging firms to move beyond box-ticking compliance, fix systemic control failures, and brace for tougher, risk-based enforcement 

AUSTRAC warns in its “Regulating the Game” speech that the gambling sector remains highly exposed to money laundering risks and must move beyond box-ticking compliance, as CEO Brendan Thomas calls for stronger leadership, robust risk assessments, and effective AML/CTF...

AMLA Executive Board member Derville Rowland warns that €647B in illicit funds flows through Europe each year, urging stronger, harmonised AML measures to tackle cybercrime, trafficking, and fraud

She highlighted how criminals increasingly exploit technology, cybercrime, and “crime as a service,” with drug trafficking, human trafficking, and fraud generating vast sums. Despite representing under 10% of the world’s population, Europe handles nearly a quarter of...