EU Banking Authority Flags Money Laundering Risks in Microstate Ties
The Chair of the European Banking Authority (EBA) has issued a stark warning regarding the potential money laundering risks associated...
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Flexi Group
Aug 29, 20233 min read
SEC Passes New Rules to Enhance Transparency and Competition in the Private Fund Industry
In a groundbreaking move, the Securities and Exchange Commission (SEC) has approved a far-reaching set of rules aimed at bolstering...
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Flexi Group
Aug 28, 20233 min read
Preparing for SEC's Upcoming Cybersecurity Disclosure Rule: Identifying Compliance Gaps
Las Vegas, Nevada — As the deadline for the implementation of the Securities and Exchange Commission's (SEC) forthcoming cybersecurity...
164 views0 comments
Flexi Group
Aug 25, 20233 min read
Russia Suspends Tax Treaties Amid Diplomatic Tensions, UK Contemplates Response
In a response to the European Union's blacklisting of Russia following the 2022 invasion of Ukraine, Russia has undertaken the...
864 views0 comments
Flexi Group
Aug 24, 20233 min read
Euro Zone Business Activity Declines Amidst Inflationary Pressures, Posing Challenges for ECB
New surveys reveal that business activity in the euro zone experienced a more substantial decline than anticipated in August, with...
602 views0 comments
Flexi Group
Aug 23, 20233 min read
Wolfsberg Group Advances Measures to Strengthen FATF's NPOs Framework Against Financial Crimes
In a significant move aimed at strengthening the global fight against financial crimes and terrorist financing, the Wolfsberg Group,...
718 views0 comments
Flexi Group
Aug 22, 20234 min read
AML Fines Surge to Almost $5 Billion in 2022, Highlighting Urgent Compliance Imperative
In a shocking turn of events, the year 2022 witnessed a dramatic spike in Anti-Money Laundering (AML) fines, soaring to a staggering sum...
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Flexi Group
Aug 21, 20234 min read
Unveiling the Covert Nexus: Mexican Drug Cartels Exploit Remittance Networks for Money Laundering
In the heart of Culiacán, the capital city of Mexico's Sinaloa state, an unsuspecting Mexican mother walked into a local bank. Her...
553 views0 comments
Flexi Group
Aug 18, 20232 min read
AML Investigation Targets Deutsche ReGas Amid Baltic LNG Terminal Opposition
In a move that adds a twist to Germany's efforts to bolster its liquefied natural gas (LNG) import capacity, the government has announced...
2,268 views0 comments
Flexi Group
Aug 17, 20233 min read
World's Largest Law Firm Faces Allegations of Anti-Money Laundering Failures
Dentons, the world’s largest law firm, is facing allegations before Britain’s Solicitors Disciplinary Tribunal (SRA) that it breached...
1,027 views0 comments
Flexi Group
Aug 16, 20233 min read
UN's Push for Greater Role in Global Tax Policy Sparks Divisions Amid OECD's Dominance
The recent call by UN Secretary-General António Guterres for an amplified involvement of the United Nations in shaping global tax policy...
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Flexi Group
Aug 14, 20233 min read
Unlocking Business Success: The Power of ESG Practices
In the dynamic and rapidly evolving realm of modern business, a new trio of factors has risen to prominence as drivers of sustained value...
870 views0 comments
Flexi Group
Aug 11, 20232 min read
Cyprus Trade Deficit Widens in First Half of 2023 Despite Import Decrease
The trade deficit for the first half of 2023 in Cyprus has surged by approximately €574 million compared to the same period last year, as...
1,683 views0 comments
Flexi Group
Aug 10, 20233 min read
European Companies Count Over €100bn in Losses from Russian Operations Since Ukraine Invasion
European corporations have faced substantial financial setbacks in Russia, with direct losses amounting to at least €100 billion since...
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Flexi Group
Aug 9, 20232 min read
DFSA and UAE's FIU Forge Alliance to Combat Financial Crimes and Ensure AML/CFT Compliance
Dubai's Financial Services Authority (DFSA) and the UAE's Financial Intelligence Unit (FIU) have solidified their commitment to combating...
556 views0 comments
Flexi Group
Aug 8, 20232 min read
SEC Issues Warning to Wall Street Stockbrokers Over Anti-Money Laundering (AML) Deficiencies
The US Securities and Exchange Commission (SEC) has issued a risk alert, cautioning Wall Street stockbrokers to enhance their efforts in...
670 views0 comments
Flexi Group
Aug 7, 20232 min read
'Crypto Couple' Pleads Guilty to Money Laundering $4.5 Billion in Stolen Bitcoin
The husband and wife cyber-crime duo, Heather Morgan and Ilya Lichtenstein, known as the 'Crypto Couple,' have admitted attempting to...
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Flexi Group
Aug 4, 20233 min read
SEC's Newly Approved Cybersecurity Rule Necessitates Rapid Incident Disclosure from Public Companies
Public companies face a race against the clock to implement policies and practices to comply with the Securities and Exchange...
1,168 views0 comments
Flexi Group
Aug 3, 20232 min read
HSBC CEO Refutes Farage-Coutts Spat, Affirms Commitment to Client Neutrality
In the wake of a recent public dispute between Nigel Farage and Lord Home Coutts, Noel Quinn, CEO of HSBC, has addressed concerns over...
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Flexi Group
Aug 2, 20233 min read
Unveiling the Centuries-Old Evolution of Money Laundering: A Pervasive Financial Menace
Money laundering, a deceptive practice that seeks to obscure the illicit origins of funds and make them appear legitimate, is a pervasive...
1,333 views0 comments
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