EDITOR'S PICK 18/27

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...

477 views0 comments

SEC's Newly Approved Cybersecurity Rule Necessitates Rapid Incident Disclosure from Public Companies

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

HSBC CEO Refutes Farage-Coutts Spat, Affirms Commitment to Client Neutrality

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...

490 views0 comments

Unveiling the Centuries-Old Evolution of Money Laundering: A Pervasive Financial Menace

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

Challenges of Handling PEPs Amid NatWest-Nigel Farage Dispute

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

UAE Takes Bold Steps to Combat Money Laundering and Financial Crimes

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

Binance Withdraws Crypto License Application in Germany Amid Regulatory Challenges

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

UK Proposes Reforms to Prevent Unfair Bank Closures for PEPs

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

Stockholder Lawsuits Emerge Amidst Regulatory Crackdown on Financial Institutions

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...

915 views0 comments

Germany Establishes €700M Anti-Money Laundering Super-Agency

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

Deloitte Australia's Senate Inquiry Over Misuse of Government Information

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...

491 views0 comments

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

Experts Divided on Long-Term Viability of EU-U.S. Data Privacy Framework

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

Crypto Crime Declines in 2023, but Ransomware Payments Surge

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...

870 views0 comments

EU Banks' AML Systems Ineffective, Warns European Banking Authority

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...

767 views0 comments

Federal Reserve to Propose Higher Capital Standards for Large Banks to Boost Resilience

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

Barclays Wins Supreme Court Appeal Over Banks' Duties to Prevent Customer Fraud

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...

930 views0 comments

European Banking Authority Identifies Challenges in Assessing Money Laundering Risks

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...

630 views0 comments

Banks Issue Record Amount of Covered Bonds Amidst Turbulence in the Sector

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...

895 views0 comments

US Banks Expected to Report Increase in Loan Losses Amid Rising Interest Rates

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