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...
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Flexi Group
Aug 1, 20232 min read
Challenges of Handling PEPs Amid NatWest-Nigel Farage Dispute
The recent dispute between NatWest and Nigel Farage has brought to the forefront the complexities global banks face when dealing with...
791 views0 comments
Flexi Group
Jul 31, 20232 min read
UAE Takes Bold Steps to Combat Money Laundering and Financial Crimes
The United Arab Emirates (UAE) has taken significant steps to combat money laundering and financial crimes by approving the establishment...
660 views0 comments
Flexi Group
Jul 28, 20232 min read
Binance Withdraws Crypto License Application in Germany Amid Regulatory Challenges
Binance, the world's largest cryptocurrency exchange, has decided to withdraw its application for a crypto license in Germany. This move...
1,139 views0 comments
Flexi Group
Jul 27, 20232 min read
UK Proposes Reforms to Prevent Unfair Bank Closures for PEPs
The recent clash between NatWest and former customer Nigel Farage has raised concerns about how global banks handle politically exposed...
872 views0 comments
Flexi Group
Jul 26, 20232 min read
Stockholder Lawsuits Emerge Amidst Regulatory Crackdown on Financial Institutions
The aftermath of the sweeping regulatory crackdown on banks and financial services firms for off-channel business communications...
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Flexi Group
Jul 25, 20232 min read
Germany Establishes €700M Anti-Money Laundering Super-Agency
Germany is taking a bold step in its fight against money laundering with the establishment of a new super-agency, the Federal Bureau of...
757 views0 comments
Flexi Group
Jul 21, 20232 min read
Deloitte Australia's Senate Inquiry Over Misuse of Government Information
Deloitte Australia has become embroiled in a Senate inquiry into consulting services, as the firm revealed that it misused information...
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Flexi Group
Jul 20, 20233 min read
Deutsche Bank Under Scrutiny: Facing Fed's Latest High-Profile Penalty and Ongoing AFC Struggles
Deutsche Bank, once a global financial powerhouse, finds itself embroiled in a web of regulatory struggles as it grapples with the...
1,622 views0 comments
Flexi Group
Jul 19, 20232 min read
Experts Divided on Long-Term Viability of EU-U.S. Data Privacy Framework
The European Commission's recent approval of the EU-U.S. Data Privacy Framework (DPF) has drawn mixed views from experts regarding its...
783 views0 comments
Flexi Group
Jul 18, 20232 min read
Crypto Crime Declines in 2023, but Ransomware Payments Surge
Crypto crime saw a significant decline in the first half of 2023, according to blockchain analytics firm Chainalysis. However, the volume...
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Flexi Group
Jul 17, 20232 min read
EU Banks' AML Systems Ineffective, Warns European Banking Authority
The European Banking Authority (EBA) has issued a warning stating that anti-money laundering (AML) systems and controls implemented by EU...
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Flexi Group
Jul 14, 20232 min read
Federal Reserve to Propose Higher Capital Standards for Large Banks to Boost Resilience
The Federal Reserve Board is set to propose an increase in capital standards for large banks and holding companies, aiming to strengthen...
1,022 views0 comments
Flexi Group
Jul 13, 20232 min read
Barclays Wins Supreme Court Appeal Over Banks' Duties to Prevent Customer Fraud
Barclays has emerged victorious in a closely-watched appeal at the United Kingdom's Supreme Court regarding banks' responsibilities to...
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Flexi Group
Jul 12, 20232 min read
European Banking Authority Identifies Challenges in Assessing Money Laundering Risks
The European Banking Authority (EBA) has stated that supervisors across the EU still face challenges in assessing money laundering and...
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Flexi Group
Jul 11, 20232 min read
Banks Issue Record Amount of Covered Bonds Amidst Turbulence in the Sector
Banks have witnessed a record surge in the issuance of ultra-safe mortgage-backed debt known as covered bonds in the first half of the...
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Flexi Group
Jul 10, 20233 min read
US Banks Expected to Report Increase in Loan Losses Amid Rising Interest Rates
This week, the largest banks in the United States are set to report a significant jump in loan losses, marking the largest increase since...
552 views0 comments
Flexi Group
Jul 7, 20232 min read
Cyprus Implements Income Tax Exemptions for Non-Residents in Effort to Attract Skilled Professionals
Cyprus has recently enacted an amending law that introduces income tax exemptions for non-residents, with retroactive effect from January...
1,283 views0 comments
Flexi Group
Jul 6, 20232 min read
PwC Partner Shared Inside Information with Google on Australian Tax Law Timing
PwC, a prominent accounting firm, has been embroiled in a scandal as it has been revealed that one of its partners provided inside...
1,215 views0 comments
Flexi Group
Jul 5, 20232 min read
Italy Freezes €2 Billion of Russian Oligarchs' Assets in Response to Ukrainian Invasion
In a significant move, Italy has frozen the assets of Russian oligarchs amounting to approximately €2 billion following Russia's invasion...
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