COMPLIANCE

19 hours ago3 min read

Iran’s Revolutionary Guards Tighten Control Over Oil Exports

Iran’s Revolutionary Guards (IRGC) have significantly expanded their influence over the country’s oil industry, now controlling up to...

230 views0 comments

Canada Proposes Tougher Penalties for Financial Crimes Amid TD Bank Controversy

Flexi Group

19 hours ago2 min read

Canada Proposes Tougher Penalties for Financial Crimes Amid TD Bank Controversy

Canada is gearing up to impose stronger penalties for financial crimes, with significant changes proposed to its anti-money laundering...

468 views0 comments

Major Underground Banking Network Dismantled Across Six Countries

Flexi Group

20 hours ago2 min read

Major Underground Banking Network Dismantled Across Six Countries

Law enforcement authorities from six countries have successfully dismantled a significant underground banking network in Europe, accused...

661 views0 comments

Becton Dickinson to Pay $175 Million for Misleading Investors Over Flawed Alaris Infusion Pump

Flexi Group

2 days ago3 min read

Becton Dickinson to Pay $175 Million for Misleading Investors Over Flawed Alaris Infusion Pump

Becton Dickinson (BD), a global medical device manufacturer, has agreed to pay $175 million after the Securities and Exchange Commission...

562 views0 comments

WealthTek’s John Dance Charged with £64 Million Fraud and Money Laundering

Flexi Group

2 days ago1 min read

WealthTek’s John Dance Charged with £64 Million Fraud and Money Laundering

The UK’s financial regulator has charged John Dance, a former principal partner at WealthTek LLP, with fraud and laundering over £64...

874 views0 comments

Dutch Prosecutors Drop Money Laundering Charges Against Former Bank Chiefs

Flexi Group

2 days ago2 min read

Dutch Prosecutors Drop Money Laundering Charges Against Former Bank Chiefs

In a dramatic turn for Dutch banking, prosecutors announced on Wednesday that they will not pursue criminal charges against the former...

993 views0 comments

Argentina Faces FATF Scrutiny Despite Avoiding Grey List

Flexi Group

2 days ago2 min read

Argentina Faces FATF Scrutiny Despite Avoiding Grey List

Argentina remains under the spotlight of the Financial Action Task Force (FATF) after being placed on “enhanced follow-up,” a status...

940 views0 comments

Bankrupt Retailer Express Avoids SEC Fine in CEO Perks Disclosure Case

Flexi Group

3 days ago2 min read

Bankrupt Retailer Express Avoids SEC Fine in CEO Perks Disclosure Case

The Securities and Exchange Commission (SEC) announced charges against bankrupt fashion retailer Express for failing to disclose nearly...

488 views0 comments

London's Persistent Title as Money Laundering Capital Faces Scrutiny Amid Regulatory Challenges

Flexi Group

4 days ago3 min read

London's Persistent Title as Money Laundering Capital Faces Scrutiny Amid Regulatory Challenges

London continues to grapple with its troubling reputation as the world’s capital of money laundering, a title that seems unlikely to...

351 views0 comments

DOJ’s Updated Compliance Guidance Places Spotlight on AI Risks, Sparking Industry Debate

Flexi Group

4 days ago4 min read

DOJ’s Updated Compliance Guidance Places Spotlight on AI Risks, Sparking Industry Debate

When the U.S. Department of Justice (DOJ) revised its Evaluation of Corporate Compliance Programs (ECCP) earlier this year, it drew...

700 views0 comments

UK Fintech Stenn Collapses into Administration Amid Money Laundering Scrutiny

Flexi Group

4 days ago2 min read

UK Fintech Stenn Collapses into Administration Amid Money Laundering Scrutiny

UK-based fintech firm Stenn, once valued at $900 million, has entered administration following an investigation linked to a U.S. money...

711 views0 comments

Bruna Szego Set to Be Confirmed as Chair of Europe’s Anti-Money Laundering Authority

Flexi Group

4 days ago3 min read

Bruna Szego Set to Be Confirmed as Chair of Europe’s Anti-Money Laundering Authority

Italy’s Bruna Szego is expected to be officially approved as the Chair of the European Union’s new Anti-Money Laundering Authority (AMLA)...

720 views0 comments

Jyske Bank Fined €3.22 Million for Anti-Money Laundering Failures

Flexi Group

5 days ago1 min read

Jyske Bank Fined €3.22 Million for Anti-Money Laundering Failures

Jyske Bank, Denmark's third-largest financial institution, has been fined €3.22 million (DKK 24 million) for failing to comply with...

1,106 views0 comments

EBA Highlights Concerns Over Inconsistencies in AML Penalties and Oversight

Flexi Group

5 days ago2 min read

EBA Highlights Concerns Over Inconsistencies in AML Penalties and Oversight

The European Banking Authority (EBA) has raised concerns about the lack of transparency in how anti-money laundering (AML) watchdogs...

1,155 views0 comments

Klarna Fined $45.6 Million by Swedish FSA for Money Laundering Rule Breaches

Flexi Group

Dec 132 min read

Klarna Fined $45.6 Million by Swedish FSA for Money Laundering Rule Breaches

Sweden’s Financial Supervisory Authority (FSA) has imposed a fine of 500 million Swedish crowns ($45.59 million) on Klarna Bank for...

2,532 views0 comments

Former TD Bank Employee Charged with Money Laundering Conspiracy in Drug Proceeds Case

Flexi Group

Dec 132 min read

Former TD Bank Employee Charged with Money Laundering Conspiracy in Drug Proceeds Case

A former employee of TD Bank in the U.S. has been arrested and charged with conspiracy to commit money laundering, accused of...

2,386 views0 comments

Croatia Makes Notable Advances in AML and CFT Measures, Reports MONEYVAL

Flexi Group

Dec 131 min read

Croatia Makes Notable Advances in AML and CFT Measures, Reports MONEYVAL

Croatia has made substantial progress in strengthening its anti-money laundering (AML) and counter-terrorist financing (CFT) measures,...

2,453 views0 comments

Morgan Stanley Smith Barney Charged by SEC for Allowing Investment Advisers to Steal Millions

Flexi Group

Dec 122 min read

Morgan Stanley Smith Barney Charged by SEC for Allowing Investment Advisers to Steal Millions

The U.S. Securities and Exchange Commission (SEC) announced on Tuesday that Morgan Stanley Smith Barney (MSSB) is facing charges due to...

617 views0 comments

Former EU Justice Commissioner Didier Reynders Denies €1 Million Money Laundering Allegations

Flexi Group

Dec 122 min read

Former EU Justice Commissioner Didier Reynders Denies €1 Million Money Laundering Allegations

Former EU Justice Commissioner Didier Reynders is under investigation for allegedly laundering approximately €1 million, a claim he has...

616 views0 comments

US Appeals Federal Court Ruling on Corporate Transparency Act; Companies Advised to “Voluntarily” Report Ownership Information

Flexi Group

Dec 122 min read

US Appeals Federal Court Ruling on Corporate Transparency Act; Companies Advised to “Voluntarily” Report Ownership Information

US officials are appealing a federal court decision that blocked the enforcement of the Corporate Transparency Act (CTA), while...

639 views0 comments