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India’s Enforcement Directorate files money-laundering chargesheet against Magicwin

Enforcement & compliance

India’s Enforcement Directorate filed a money-laundering chargesheet against Magicwin, naming 14 individuals and entities in the case. The agency alleges the betting website and app facilitated gambling through mule accounts, with proceeds channelled through hawala networks and cryptocurrency; two Pakistani nationals living in the UAE are identified as the company’s directors.

The case places a betting platform and 14 named individuals or entities under Indian money-laundering proceedings.

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Enforcement & compliance

Brazilian authorities investigate around 40 gambling accounts over suspected money laundering links

Brazilian authorities are examining around 40 online gambling accounts for suspected links to money laundering and organised crime. Authorities identified the accounts during efforts to return player money after a nationwide online betting shutdown. Finance Minister Dario Durigan said some balances exceeded R$500,000.

Brazilian authorities are examining around 40 high-value online gambling accounts for suspected links to money laundering and organised crime, according to Finance Minister Dario Durigan. The accounts were identified during work to return player funds held by operators after the country's online betting shutdown. No account holders have been publicly identified and no formal criminal charges have been announced.

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