TD Bank to Pay $3 Billion in Settlement with U.S. Regulators Over Money Laundering Charges
Canada’s TD Bank is set to pay approximately $3 billion in penalties as part of a settlement with U.S. regulators and prosecutors,...
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Flexi Group
Oct 102 min read
FATF Announces Major Changes to Grey-Listing Criteria, Exemptions for Lower-Income Countries
The Financial Action Task Force (FATF) has unveiled significant changes to how countries are added to its grey list, which subjects...
705 views0 comments
Flexi Group
Oct 92 min read
Financial Institutions Invited to Shape EU AMLA’s Direct Supervision Criteria
Financial institutions are being asked for their input on how the European Union’s new Anti-Money Laundering Authority (AMLA) will decide...
714 views0 comments
Flexi Group
Oct 92 min read
FATF Warns Kuwait Over Major Deficiencies in Policing Terrorist Financing
Kuwait faces significant shortcomings in its efforts to combat terrorist financing, the Financial Action Task Force (FATF) has warned. In...
756 views0 comments
Flexi Group
Oct 82 min read
SFO Recovers £300,000 from Fraudster Virendra Rastogi in Continued Effort to Reclaim Stolen Funds
The UK’s Serious Fraud Office (SFO) has recovered almost £300,000 ($350,000) from convicted fraudster Virendra Rastogi, who orchestrated...
712 views0 comments
Flexi Group
Oct 82 min read
France, Germany, and Italy Urge EU to Scale Back Banking Regulations for Global Competitiveness
France, Germany, and Italy are pressing the European Union to ease its upcoming banking regulations in a bid to strengthen the bloc’s...
723 views0 comments
Flexi Group
Oct 72 min read
U.S. Bans Steel and Sweetener Made by Chinese Companies Linked to Uyghur Forced Labor
The United States has banned steel and an artificial sweetener produced by two Chinese companies tied to forced labor practices under the...
569 views0 comments
Flexi Group
Oct 74 min read
U.K. Launches New Office of Trade Sanctions Implementation Amid Global Rise in Sanctions Enforcement
The U.K. government is set to launch a new Office of Trade Sanctions Implementation (OTSI) to crack down on those violating sanctions...
639 views0 comments
Flexi Group
Oct 42 min read
Canada’s Banking Regulator Warns of Heightened Anti-Money-Laundering Risks Amid Multiple Events
Canada’s banking regulator, the Office of the Superintendent of Financial Institutions (OSFI), has acknowledged a growing risk to banks...
2,448 views0 comments
Flexi Group
Oct 42 min read
Federal Reserve Terminates 2013 Enforcement Action Against Citigroup Over Money Laundering Deficiencies
The Federal Reserve has officially terminated a 2013 enforcement action it had filed against Citigroup, which had focused on the bank's...
1,136 views0 comments
Flexi Group
Oct 41 min read
UK Grants Banks Extended Powers to Delay Suspicious Payments in Fight Against Fraud
Britain is granting banks new powers to delay and investigate suspicious payments, aiming to reduce the £460 million ($610 million) lost...
2,531 views0 comments
Flexi Group
Oct 42 min read
Revolut Urges Meta to Contribute to Scam Compensation, Criticizes Anti-Fraud Efforts as Insufficient
Revolut has called on Meta to take greater responsibility in compensating scam victims, arguing that the social media giant's current...
2,550 views0 comments
Flexi Group
Oct 32 min read
UK Sanctions 16 Alleged Members of Evil Corp Cybercrime Gang
The UK has imposed sanctions on 16 individuals allegedly linked to Evil Corp, a notorious international cybercrime organization....
527 views0 comments
Flexi Group
Oct 32 min read
New European Judicial Network Established to Combat Organized Crime
A new European network of prosecutors has been launched with the aim of dismantling international criminal networks. The European...
517 views0 comments
Flexi Group
Oct 32 min read
Federal Court in Florida Dismisses False Claims Act Case, Challenges Whistleblower Programs
A federal court in Florida has dealt a blow to federal whistleblower programs by dismissing a False Claims Act (FCA) case against a...
279 views0 comments
Flexi Group
Oct 33 min read
FCA Fines Starling Bank £29 Million for Lax Financial Crime Controls
The Financial Conduct Authority (FCA) has slapped Starling Bank with a £29 million ($38.5 million) fine, citing significant failures in...
555 views0 comments
Flexi Group
Oct 22 min read
Eurojust Forms New European Prosecutor Network to Combat Latin American Cocaine Trafficking
A new network of European prosecutors has been established to target criminal organizations. The European Union law enforcement agency,...
555 views0 comments
Flexi Group
Oct 21 min read
Dutch Authorities Seize €7M in Takedown of Russia-Linked Crypto Exchanges PM2BTC and Cryptex
Dutch officials have seized €7 million worth of cryptocurrency after taking two Russia-linked exchanges offline. The Netherlands'...
582 views0 comments
Flexi Group
Oct 22 min read
Standard and Poor's Downgrades Israel's Credit Rating Over Growing 'Security Risks'
The international credit rating agency Standard and Poor's (S&P) announced on Tuesday that it has downgraded Israel’s long-term credit...
679 views0 comments
Flexi Group
Sep 302 min read
84% Believe Tech and Internet Companies Should Share the Burden of Fraud Costs, Study Reveals
A new study has found that more than 8 in 10 people believe tech and internet companies should help banks reimburse fraud victims. The...
341 views0 comments
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