Gangs Exploiting Chinese Nationals in U.S. for Money Laundering, IRS Official Warns
Criminal organizations are increasingly using Chinese nationals based in the U.S. to launder illicit funds, often through venues like...
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Flexi Group
Oct 232 min read
Ireland and UAE Sign Landmark Agreements to Tackle Organized Crime
Ireland and the United Arab Emirates (UAE) have taken a significant step in their collaborative fight against organized crime with the...
1,139 views0 comments
Flexi Group
Oct 224 min read
How Iran's Shadow Oil Economy Fuels Militias and Evades Sanctions
Iran’s most crucial weapon in maintaining its influence across the Middle East and supporting militant groups like Hamas, Hezbollah, and...
981 views0 comments
Flexi Group
Oct 222 min read
Lloyds Banking CEO Criticizes Meta for Failing to Tackle Rising Fraud on Social Media Platforms
Charlie Nunn, CEO of Lloyds Banking Group, has called out technology firms like Meta for not doing enough to stem the rising tide of...
894 views0 comments
Flexi Group
Oct 212 min read
Vietnamese Alcohol Firm to Pay $860,000 for Violating U.S. Sanctions on North Korea
A Vietnamese alcohol company has agreed to pay $860,000 to settle allegations from the U.S. Office of Foreign Assets Control (OFAC) that...
603 views0 comments
Flexi Group
Oct 213 min read
UK Banks Call for Greater Accountability from Social Media Platforms Amid Ongoing Fraud Crisis
UK banks are urging social media platforms to take more responsibility in the battle against fraud, as new data reveals that scams...
633 views0 comments
Flexi Group
Oct 182 min read
UniCredit Awaits Court Decision on Russia Business Reduction Following ECB Order
UniCredit is still awaiting a court decision regarding whether it must immediately scale back its operations in Russia, in compliance...
1,172 views0 comments
Flexi Group
Oct 182 min read
HSBC Launches New Risk Monitoring System Across UK Operations
HSBC has implemented a cutting-edge risk monitoring system throughout its UK operations, the bank has revealed. This new approach, which...
1,526 views0 comments
Flexi Group
Oct 172 min read
Federal Contractor Hit with Data Breach Settles False Claims Act Violation for $307K
A federal contractor faced a double cybersecurity breach when personal data from Medicare beneficiaries stored in unencrypted screenshots...
816 views0 comments
Flexi Group
Oct 172 min read
FATF Considers Blacklisting Russia Amid Pressure from Ukraine
The Financial Action Task Force (FATF) is set to weigh the possibility of blacklisting Russia, following strong pressure from Ukraine. If...
908 views0 comments
Flexi Group
Oct 164 min read
Citi Struggles with Employee Training Amid Efforts to Fix Regulatory Issues, But Investment Banking Shows Strength
Citigroup continues to face challenges in training employees for key roles in risk, compliance, and data management, according to the...
713 views0 comments
Flexi Group
Oct 162 min read
TSB Bank Fined £10.9 Million for Mishandling Customers in Financial Hardship, Pays £99.9 Million in Redress
TSB Bank has been fined £10.9 million (U.S. $14.2 million) by the Financial Conduct Authority (FCA) for its poor treatment of retail...
654 views0 comments
Flexi Group
Oct 162 min read
Dr Marcus Pleyer Emphasizes Uniform AML Rules Across EU as Key Focus for New AMLA Regulator
Dr Marcus Pleyer, one of the final three candidates for the chairmanship of the EU’s new Anti-Money Laundering Authority (AMLA), has...
908 views0 comments
Flexi Group
Oct 153 min read
AI’s Rising Risks: Companies Face New Sanctions Amid Regulatory Scrutiny
Companies are increasingly relying on artificial intelligence (AI) to achieve various business benefits, from boosting productivity to...
855 views0 comments
Flexi Group
Oct 152 min read
Five Monaco Bankers Fined in Mafia-Linked Money Laundering Case
Five bankers in Monaco have been fined after being convicted for their roles in a money laundering scheme linked to an Italian mafia...
1,044 views0 comments
Flexi Group
Oct 143 min read
Irish Authorities Push for Extradition of Kinahan Cartel Figure Sean McGovern Following Arrest in Dubai
Irish authorities are moving forward with efforts to extradite Sean McGovern, an alleged senior figure in the Kinahan crime cartel, after...
675 views0 comments
Flexi Group
Oct 112 min read
Former FATF President Marcus Pleyer Among Finalists to Lead EU's New Anti-Money Laundering Authority
Marcus Pleyer, former president of the Financial Action Task Force (FATF), has been named as one of the final three candidates vying to...
1,332 views0 comments
Flexi Group
Oct 112 min read
US Charges 3 Cryptocurrency Firms and 15 Individuals, Including 2 Tied to Hong Kong, in Fraud Case
Federal prosecutors in Boston have charged three cryptocurrency companies and 15 individuals with engaging in widespread fraud and market...
1,311 views0 comments
Flexi Group
Oct 112 min read
UK Considers Raising Threshold for Suspicious Activity Reports, Says Top AML Official
The UK government is considering changes to the threshold for when banks and financial institutions should file suspicious activity...
1,289 views0 comments
Flexi Group
Oct 102 min read
Fisker Under SEC Investigation Amid Bankruptcy and Internal Control Issues
Electric vehicle manufacturer Fisker is currently under investigation by the Securities and Exchange Commission (SEC) for potential...
237 views0 comments
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