Canadian Accounting Firm Smythe Settles with PCAOB for Using Unregistered Firms
Canada-based accounting firm Smythe has agreed to pay a $175,000 penalty to settle with the Public Company Accounting Oversight Board...
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Flexi Group
Oct 26, 20232 min read
BlackRock Settles with SEC for $2.5 Million Over Inaccurate Fund Investment Descriptions
BlackRock Advisors has agreed to pay $2.5 million as part of a settlement with the Securities and Exchange Commission (SEC) to resolve...
540 views0 comments
Flexi Group
Oct 25, 20233 min read
FDIC Urged to Provide Clarity on Crypto Asset Risks to Member Banks
The Federal Deposit Insurance Corporation (FDIC) is facing scrutiny over its handling of crypto assets, with concerns emerging that its...
293 views0 comments
Flexi Group
Oct 24, 20232 min read
Suspension of Rosfinmonitoring: Upholding International Trust
The recent decision by the Egmont Group of Financial Intelligence Units (FIUs) to suspend the membership of Rosfinmonitoring is a...
826 views0 comments
Flexi Group
Oct 23, 20232 min read
Former Julius Baer CEO Boris Collardi Addresses AML Concerns and Swiss Banking Reputation
Boris Collardi, the former CEO of Julius Baer, has opened up about the time when Switzerland's financial regulator issued a damning...
660 views0 comments
Flexi Group
Oct 20, 20232 min read
US Lawmakers Push for Swift Crackdown on Cryptocurrency Use by Hamas and Affiliates
A bipartisan group of lawmakers in the United States is calling on the Biden administration to take swift action against the use of...
1,106 views0 comments
Flexi Group
Oct 19, 20232 min read
EU Proposes 'Ports Alliance' to Fight Drug Trafficking Amid Supply Chain Concerns
The European Commission has put forth a proposal for increased coordination among European ports, governments, and private companies in...
688 views0 comments
Flexi Group
Oct 18, 20232 min read
Hamas' Financial Network: Complex Strategies and Growing Challenges
Hamas, the Palestinian group that governs the Gaza Strip, has long been known for its ability to navigate a complex web of financial...
733 views0 comments
Flexi Group
Oct 17, 20232 min read
KPMG Fined £21 Million by UK Regulator Over Serious Auditing Errors
KPMG, one of the "big four" accountancy firms, has been handed a record-breaking £21 million ($25.7 million) fine by the UK accountancy...
663 views0 comments
Flexi Group
Oct 16, 20232 min read
Cyprus Sees AUM for Management Companies and UCIs Exceed €10.7 Billion in Q2 2023
In the second quarter of 2023, the Cyprus Securities and Exchange Commission (CySEC) reported that the assets under management (AUM) for...
637 views0 comments
Flexi Group
Oct 13, 20233 min read
Goldman Sachs Sues Malaysia Over 1MDB Settlement Dispute, Prolonging Legal Battle
Goldman Sachs has filed a lawsuit against the government of Malaysia, alleging that the nation has failed to acknowledge certain payments...
1,746 views0 comments
Flexi Group
Oct 12, 20231 min read
Barclays Account Linked to Hamas Fundraising Frozen by Israeli Authorities
In a recent development, a bank account at the British banking giant Barclays has been frozen by Israeli police due to its alleged...
664 views0 comments
Flexi Group
Oct 11, 20232 min read
European Banking Authority (EBA) Discloses 143 AML Deficiencies in 57 European Banks
The European Banking Authority (EBA) recently unveiled alarming information regarding anti-money laundering (AML) deficiencies in...
716 views0 comments
Flexi Group
Oct 10, 20232 min read
Escalation of Violence in Israel Spurs Demand for Safe-Haven Assets
The recent outbreak of violence in Israel has prompted investors to seek refuge in safe-haven assets, with a close eye on the evolving...
663 views0 comments
Flexi Group
Oct 6, 20233 min read
Cyprus: A Maritime Powerhouse Embraces Sustainability
In the vibrant waters of the Eastern Mediterranean, the Cypriot shipping industry has long been a maritime powerhouse, both historically...
1,203 views0 comments
Flexi Group
Oct 5, 20232 min read
Italian Authorities Dismantle Chinese Underground Network Involved in Laundering Mafia Money
Italian authorities have conducted a major operation targeting a complex web of Chinese money brokers accused of laundering more than 50...
640 views0 comments
Flexi Group
Oct 4, 20232 min read
German Regulator Imposes Oversight on Deutsche Bank for Postbank Complaints
In a significant development, Germany's leading financial regulator, BaFin, is instituting a special monitor at Deutsche Bank to...
751 views0 comments
Flexi Group
Oct 3, 20232 min read
FinCEN Imposes $15 Million Penalty on Shinhan Bank, Raises Concerns About AML System Vendors
The Financial Crimes Enforcement Network (FinCEN) has issued a consent order imposing a substantial $15 million penalty on Shinhan Bank....
606 views0 comments
Flexi Group
Oct 2, 20232 min read
UK Financial Authorities Investigate Revolut Over Handling of £1.7 Million in Suspicious Accounts
The Financial Conduct Authority (FCA) and the National Crime Agency (NCA) in the United Kingdom have launched a joint investigation into...
674 views0 comments
Flexi Group
Sep 29, 20232 min read
European Commission Proposes Transfer Pricing Directive for EU Law
The European Commission has proposed a Transfer Pricing Directive aimed at incorporating the arm's-length principle (ALP) and essential...
1,286 views0 comments
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