Panama Anticipates Removal from FATF Watch List in October, Aims to Restore Financial Hub Status
Panama expects to be removed from the watch list maintained by the Financial Action Task Force (FATF) this October, according to Deputy...
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Flexi Group
Jul 3, 20233 min read
UK Considers Radical Overhaul of AML Supervision with Proposal for Super-Agency
The UK government is considering significant changes to its anti-money laundering (AML) supervision system, with the possibility of...
583 views0 comments
Flexi Group
Jun 30, 20232 min read
FTC's Children's Privacy Enforcement Highlights COPPA Compliance Importance
Businesses across various industries must recognize the significance of complying with the Children's Online Privacy Protection Act...
1,264 views0 comments
Flexi Group
Jun 29, 20232 min read
Deadline Approaching for UK Tax Liabilities Revealed in Pandora Papers
In a significant development following the Pandora Papers leak, hundreds of British nationals implicated in the offshore scandal have...
1,284 views0 comments
Flexi Group
Jun 28, 20232 min read
The Positive Impact of AI in Tax: Enhancing Tax Professionals' Work with ChatGPT
Russell Gammon, Chief Solutions Officer at Tax Systems, discusses the positive impact of AI in the field of tax. He acknowledges the...
1,687 views0 comments
Flexi Group
Jun 27, 20231 min read
Croatia Added to FATF "Grey List" Alongside Cameroon and Vietnam
The Financial Action Task Force (FATF), an international financial crime watchdog, announced on Friday that it has added Croatia, an EU...
1,012 views0 comments
Flexi Group
Jun 26, 20232 min read
Vietnam Placed on FATF Watchlist Due to Weapons Proliferation Risks
The Financial Action Task Force (FATF) has disclosed that Vietnam has been added to its watchlist of countries on the grey list,...
735 views0 comments
Flexi Group
Jun 23, 20232 min read
US Faces Potential $120B Tax Revenue Loss from OECD's Pillar Two Adoption
A nonpartisan congressional committee has cautioned that if the rest of the world adopts the Organization for Economic Cooperation and...
1,216 views0 comments
Flexi Group
Jun 22, 20233 min read
UK Banks Forge Data Sharing Initiatives to Combat Money Laundering and Illicit Asset Flows
UK banks are taking proactive measures to address the issue of money laundering and illicit asset flows from Russia by establishing data...
924 views0 comments
Flexi Group
Jun 21, 20233 min read
Dubai Races to Attract People and Capital for Long-Term Growth
Dubai, fuelled by a swift economic rebound following the COVID-19 pandemic, is aggressively working to attract people and capital to...
785 views0 comments
Flexi Group
Jun 20, 20233 min read
Italian Courts Reach Verdict in Elusive Bank of Italy Economist's Elaborate Fraud Scheme
Italian courts are finally approaching the conclusion of a perplexing and long-standing drama surrounding an enigmatic former Bank of...
665 views0 comments
Flexi Group
Jun 19, 20232 min read
EBA Report Identifies Weaknesses in AML Supervision of European Payment Institutions
The European Banking Authority (EBA) recently published a report highlighting weaknesses in the supervision of payment institutions'...
722 views0 comments
Flexi Group
Jun 16, 20232 min read
Binance Reverses Expansion Plans in Cyprus, Focusing on EU Compliance and Existing Markets
Binance, the largest cryptocurrency exchange globally, has decided to backtrack on its initial plans to expand into Cyprus, despite being...
2,352 views0 comments
Flexi Group
Jun 15, 20232 min read
Dubai Surpasses Hong Kong as the World's Top Market for Ultra-Luxury Homes
According to a recent report by Knight Frank, Dubai has dethroned Hong Kong as the leading market for ultra-luxury homes worldwide. In...
889 views0 comments
Flexi Group
Jun 14, 20233 min read
Strengthened Banking Supervision and Potential Impact on Fintechs
Federal banking regulators are set to adopt a more assertive approach in supervising mid-sized banks following the collapses of Silicon...
725 views0 comments
Flexi Group
Jun 13, 20233 min read
Nigerian Sex Trafficker Allegedly Thrives in the Underground of UAE
An alarming investigation by the International Consortium of Investigative Journalists and Reuters has exposed a thriving underground...
1,083 views0 comments
Flexi Group
Jun 12, 20232 min read
Treasury Department Announces Steps to Enhance Compliance Efforts
The Treasury Department has unveiled a series of measures aimed at improving its own compliance initiatives, which includes a...
560 views0 comments
Flexi Group
Jun 9, 20232 min read
Austrian Businessman Charged with Money Laundering Linked to Porsche SE Board and Volkswagen
Siegfried Wolf (65), a prominent Austrian businessman, is facing charges of money laundering in connection with a fighter jets deal....
1,822 views0 comments
Flexi Group
Jun 8, 20232 min read
EU Approves Central Register of Bank Accounts for Law Enforcement Access
The Council of Europe and the European Parliament have granted approval for the establishment of a central register containing bank...
1,015 views0 comments
Flexi Group
Jun 7, 20232 min read
International Police Operations Target Italian Mob's Money Laundering and Drug Trafficking Networks
Law enforcement agencies from Italy, Belgium, and Germany conducted joint operations on June 5th to combat the Italian mob's illicit...
710 views0 comments
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