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Regulation

South Korea's FSS Flags Rising Illegal Gambling and Lottery Activities in 2025

South Korea's Financial Supervisory Service (FSS) has reported a notable increase in illegal gambling and unauthorized lottery activities during 2025. The supervisory agency highlighted concerns that the growing presence of unlicensed gambling platforms poses significant risks, including potential gambling addiction and financial harm to consumers. The FSS stressed that these illegal operations evade government regulation, undermining efforts to maintain a stable and lawful gambling environment. In response, the FSS urged stronger enforcement measures, including enhanced surveillance and stricter penalties, to curtail the spread of illicit gambling practices. The authority emphasized its commitment to protecting consumers and ensuring that gambling operations comply fully with existing laws and regulations. These developments underscore ongoing challenges in regulating the gambling sector in South Korea amid increasing digital and unauthorized betting services.

Aegis Insights • Mar 29, 2026 • 1 min read
Regulation Finance

Ontario Taxpayers to Access New Deductions for Identity Protection and Activist Safety in 2026

The Canadian government announced that starting with the 2026 tax year, Ontario taxpayers will be able to claim new types of tax deductions related to identity protection and activist safety. Among the eligible expenses are costs for identity protection services and safety gear such as helmets and goggles used during public demonstrations or activism. This move was introduced as part of the 2023 federal budget aimed at modernizing tax policy to reflect current societal needs. The new deductions are designed to address growing concerns around identity theft and personal safety for citizens engaged in public activism. Specific eligibility criteria and documentation procedures will apply to ensure proper utilization of these deductions. These changes highlight the government's intent to adapt tax regulations to emerging social issues, providing citizens with additional financial relief options starting in 2026.

Aegis Insights • Aug 18, 2023 • 1 min read
Regulation

Japan Bar Association Opposes FSA’s Proposal for Online Casino Regulatory Commission

The Japan Federation of Bar Associations (JFBA) publicly opposed a proposal by the Financial Services Agency (FSA) to establish a dedicated commission to regulate online casinos. The JFBA cautioned against hasty regulatory measures, emphasizing the potential negative societal impacts such as gambling addiction. The legal group urged that any regulation of online gambling should proceed only after careful consideration and the creation of comprehensive legal frameworks. This opposition comes at a time when Japan’s regulatory authorities are actively exploring frameworks to manage the growing online casino market. The FSA’s plan to form a specialized commission reflects a broader governmental intent to address emerging digital gambling challenges but faces scrutiny from legal experts advocating for more cautious and protective approaches.

Aegis Insights • Jul 26, 2023 • 1 min read