EDITOR'S PICK 13/27

Jan 33 min read

Global Minimum Tax: Unraveling the Historic Reform Impacting Multinationals and the World Economy

Effective January 1, a groundbreaking global tax reform has been enacted, representing a significant milestone in the quest for equitable...

574 views0 comments

Oman Takes Measures to Avoid FATF Greylisting Amidst Scrutiny on Ties with Iran

Flexi Group

Dec 29, 20232 min read

Oman Takes Measures to Avoid FATF Greylisting Amidst Scrutiny on Ties with Iran

In a proactive move to sidestep potential greylisting by the Financial Action Task Force (FATF), Oman is implementing measures to bolster...

1,262 views0 comments

LPL Financial Settles with FINRA for $6 Million Over Alleged Supervision Failures

Flexi Group

Dec 28, 20232 min read

LPL Financial Settles with FINRA for $6 Million Over Alleged Supervision Failures

LPL Financial, an independent broker-dealer, has agreed to a settlement with the Financial Industry Regulatory Authority (FINRA),...

763 views0 comments

French Authorities Investigate Alleged Money Laundering in Transfers Linked to Cypriot Brokerage Firm and BNP Paribas

Flexi Group

Dec 27, 20232 min read

French Authorities Investigate Alleged Money Laundering in Transfers Linked to Cypriot Brokerage Firm and BNP Paribas

French authorities have initiated an investigation into suspected "aggravated money laundering" linked to financial transactions carried...

732 views0 comments

Former Latvian central bank governor, Ilmārs Rimšēvičs, has been handed a six-year prison sentence for corruption charges

Flexi Group

Dec 22, 20232 min read

Former Latvian central bank governor, Ilmārs Rimšēvičs, has been handed a six-year prison sentence for corruption charges

In a significant turn of events in the ongoing financial scandals plaguing the Baltic region, former Latvian central bank governor,...

874 views0 comments

German prosecutors have initiated legal proceedings to seize over €720 million from a Frankfurt bank account belonging to a sanctioned Russian financial institution

Flexi Group

Dec 21, 20232 min read

German prosecutors have initiated legal proceedings to seize over €720 million from a Frankfurt bank account belonging to a sanctioned Russian financial institution

In a groundbreaking move, German prosecutors have initiated legal proceedings to seize over €720 million from a Frankfurt bank account...

597 views0 comments

In a significant move to combat money laundering in the real estate sector, a long-anticipated U.S. rule has advanced to the crucial stage of White House review

Flexi Group

Dec 20, 20232 min read

In a significant move to combat money laundering in the real estate sector, a long-anticipated U.S. rule has advanced to the crucial stage of White House review

Proposed by the Financial Crimes Enforcement Network (FinCEN) of the Treasury Department, this rule represents the final obstacle before...

636 views0 comments

Scandal Unfolds: Alleged Plot to Block Anti-Slavery Activist's EU Award

Flexi Group

Dec 19, 20233 min read

Scandal Unfolds: Alleged Plot to Block Anti-Slavery Activist's EU Award

A shocking revelation has surfaced, suggesting that corrupt politicians conspired to block the nomination of prominent anti-slavery...

598 views0 comments

Vatican Convicts Cardinal Angelo Becciu in Historic Financial Scandal Trial

Flexi Group

Dec 18, 20232 min read

Vatican Convicts Cardinal Angelo Becciu in Historic Financial Scandal Trial

In a historic development, Italian Cardinal Angelo Becciu has been found guilty of financial crimes by a Vatican court and sentenced to...

664 views0 comments

Europe's AML Authority Gains Supervisory Powers and Whistleblowing Mechanism

Flexi Group

Dec 15, 20232 min read

Europe's AML Authority Gains Supervisory Powers and Whistleblowing Mechanism

The establishment of Europe's Anti-Money Laundering Authority (AMLA) has taken a significant stride forward as European governments and...

1,066 views0 comments

EU Agrees on AMLA's Role in Policing Sanctions Evasion Amid Marathon Talks

Flexi Group

Dec 14, 20232 min read

EU Agrees on AMLA's Role in Policing Sanctions Evasion Amid Marathon Talks

In a significant development during marathon negotiations, negotiators from the European Parliament and European Council have reached an...

242 views0 comments

AML Fines 2023: Notable Cases and Global Implications

Flexi Group

Dec 13, 20235 min read

AML Fines 2023: Notable Cases and Global Implications

In recent years, the spotlight on Anti-Money Laundering (AML) regulations has intensified as governments and financial institutions...

696 views0 comments

Abu Dhabi: The New Wealth Hub for Billionaires Shielding Assets

Flexi Group

Dec 12, 20233 min read

Abu Dhabi: The New Wealth Hub for Billionaires Shielding Assets

Abu Dhabi is swiftly emerging as the preferred destination for billionaires seeking to safeguard their assets, with prominent figures...

716 views0 comments

Fitch Ratings Confirms Positive Outlook for Republic of Cyprus

Flexi Group

Dec 11, 20232 min read

Fitch Ratings Confirms Positive Outlook for Republic of Cyprus

In a significant development, Fitch Ratings has revised the economic outlook for the Republic of Cyprus from stable to positive, while...

691 views0 comments

NCA Warns of Russia's Sanctions Evasion: 14 Red Flags for Financial Vigilance

Flexi Group

Dec 8, 20232 min read

NCA Warns of Russia's Sanctions Evasion: 14 Red Flags for Financial Vigilance

Britain's National Crime Agency (NCA) has issued a comprehensive warning to banks and financial institutions, providing intricate...

1,159 views0 comments

Philippines Addresses Casino Money Laundering Amid FATF Concerns

Flexi Group

Dec 7, 20232 min read

Philippines Addresses Casino Money Laundering Amid FATF Concerns

The Philippines' persistent presence on the Financial Action Task Force's (FATF) gray list has put a spotlight on the need to reinforce...

920 views0 comments

Operation EMMA Exposes Rising Trends in Financial Crime

Flexi Group

Dec 6, 20232 min read

Operation EMMA Exposes Rising Trends in Financial Crime

In a sweeping international initiative known as Operation EMMA, law enforcement agencies, spearheaded by Dutch police and supported by...

809 views0 comments

Dutch Banks Embrace Proportional Risk Management for Politically-Exposed Persons

Flexi Group

Dec 5, 20232 min read

Dutch Banks Embrace Proportional Risk Management for Politically-Exposed Persons

Dutch banks are poised to adopt a more nuanced approach to monitoring politically-exposed persons (PEPs), shifting their focus towards...

851 views0 comments

Indonesia's Comprehensive Strategy Against Tax Evasion: Global Engagement and Domestic Measures

Flexi Group

Dec 4, 20235 min read

Indonesia's Comprehensive Strategy Against Tax Evasion: Global Engagement and Domestic Measures

Introduction In the evolving landscape of global finance, Indonesia has emerged as a formidable player in the fight against tax evasion....

749 views0 comments

IMF, World Bank, and BIS Collaborate on Financial Tokenization

Flexi Group

Dec 1, 20232 min read

IMF, World Bank, and BIS Collaborate on Financial Tokenization

In a groundbreaking collaboration, three of the world's leading financial institutions—the International Monetary Fund (IMF), the World...

1,453 views0 comments