Wall Street Optimistic but Cautious as Trump’s Deregulatory Agenda Looms
Wall Street financiers gathered in downtown Manhattan on Wednesday, expressing cautious optimism about President-elect Donald Trump’s...
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Flexi Group
Nov 133 min read
FCA Fines Metro Bank £16 Million for Failing Anti-Money Laundering Controls
The UK’s Financial Conduct Authority (FCA) announced today that Metro Bank has been fined £16 million ($20.51 million) for deficiencies...
780 views0 comments
Flexi Group
Nov 132 min read
Europol Warns of Criminal Networks Using Social Media to Recruit Minors for Drug Trafficking and Violent Crime
Europol has issued a stark warning regarding the growing trend of criminal networks turning to social media and encrypted messaging apps...
654 views0 comments
Flexi Group
Nov 132 min read
Spain’s Head of Financial Crime Allegedly Accepted €1 Million Bribes in Cocaine Smuggling Operation
The head of financial crime in Spain’s National Police, Chief Inspector Óscar Sánchez Gil, has come under fire following accusations of...
613 views0 comments
Flexi Group
Nov 122 min read
Navy Federal Credit Union to Pay $95M in Fines and Refunds Due to Unexpected Overdraft Fees
Navy Federal Credit Union will pay $15 million in penalties and return $80 million in overdraft fees to its members, addressing a...
500 views0 comments
Flexi Group
Nov 121 min read
Trinidad and Tobago Joins OECD Anti-Tax-Evasion Pact to Tackle Illicit Financial Flows
On November 7, Trinidad and Tobago became the 149th jurisdiction to join the OECD’s Multilateral Convention on Mutual Administrative...
701 views0 comments
Flexi Group
Nov 121 min read
Lithuanian Cryptocurrency Providers Drop by Half Ahead of Regulatory Changes
The number of Lithuanian companies authorized to offer cryptocurrency services has drastically declined, dropping by over half as the...
636 views0 comments
Flexi Group
Nov 112 min read
CySEC Issues Warning on Fraudulent Posts and Impersonation Scams on Legitimate Platforms
The Cyprus Securities and Exchange Commission (CySEC) issued a public alert on Friday, warning of an increase in fraudulent schemes...
314 views0 comments
Flexi Group
Nov 114 min read
Head of Spanish Fincrime Police Unit Arrested After €20 Million Drug Cash Discovered at Home
The head of Spain’s national police financial crime unit, Chief Inspector Óscar Sánchez Gil, was arrested this week after authorities...
620 views0 comments
Flexi Group
Nov 112 min read
MONEYVAL Report Highlights Europe’s Challenges in Securing Money Laundering Convictions
European countries are falling short in achieving effective money laundering prosecutions and convictions, according to MONEYVAL’s recent...
608 views0 comments
Flexi Group
Nov 82 min read
FINRA Imposes $1M Fine on Morgan Stanley Over Alleged Risk Control Documentation Failures
The Financial Industry Regulatory Authority (FINRA) has fined broker-dealer Morgan Stanley $1 million due to alleged documentation lapses...
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Flexi Group
Nov 82 min read
Bitcoin Hits Record High Amid Optimism for Reduced Crypto Oversight Under Trump Presidency
Bitcoin surged to an all-time high as investors anticipate that Donald Trump’s return to the White House could lead to a more lenient...
948 views0 comments
Flexi Group
Nov 81 min read
UK Government Issues New Guidance on Corporate Criminal Offense for ‘Failure to Prevent Fraud
The UK government has introduced new guidelines addressing the corporate criminal offense of “failure to prevent fraud,” targeting large...
1,029 views0 comments
Flexi Group
Nov 71 min read
Major Drug Trafficking Network Led by Albanian Brothers Dismantled in Joint Albania-Italy Operation
Authorities in Albania and Italy have successfully dismantled a major drug trafficking network allegedly led by two Albanian brothers....
644 views0 comments
Flexi Group
Nov 63 min read
TD Bank Hit with $3.1 Billion in Fines Over Widespread AML Failures Linked to Drug Cartel Investigation
Law enforcement officials have uncovered TD Bank’s extensive role in enabling money laundering schemes connected to a Mexican drug...
608 views0 comments
Flexi Group
Nov 61 min read
China Eyes Major Updates to Anti-Money Laundering Law, with Focus on Data Privacy
China is considering significant revisions to its Anti-Money Laundering (AML) laws, with potential changes that could reshape how...
600 views0 comments
Flexi Group
Nov 62 min read
South Africa Makes Progress on AML Deficiencies, Eyes Potential Exit from FATF Grey List
The Financial Action Task Force (FATF) has acknowledged South Africa’s efforts to address deficiencies in its anti-money laundering (AML)...
649 views0 comments
Flexi Group
Nov 53 min read
Ireland’s Ties with Big Tech Under Fire Following Meta-Funded EU Appeals Office Launch
Ireland's close relationship with large tech companies is facing renewed scrutiny as the country’s media regulator, Coimisiún na Meán,...
916 views0 comments
Flexi Group
Nov 53 min read
HSBC, Barclays, and Standard Chartered Target U.S. Market Amid Booming Commercial Banking Revenues
Britain’s largest global banks—HSBC, Barclays, and Standard Chartered—are moving to capitalize on a surge in U.S. commercial banking, as...
810 views0 comments
Flexi Group
Nov 51 min read
Bar Standards Board Investigates Low SARs Reporting by Barristers Amid Money Laundering Concerns
The Bar Standards Board, which oversees barristers and specialized legal service providers in England and Wales, has reviewed why...
1,006 views0 comments
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