Court decision found FIAU's fines uncostitutional - Concern's over Malta's ability to implement AML
This week's Malta court decision has prompted questions about the island's capacity to impose penalties for AML violations. It comes...
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Flexi Group
Mar 31, 20233 min read
Following the storm of American bankruptcies, European banks are under "an unexpected stress test"
Europe has so far generally applauded itself for preventing further banking sector contagion in the wake of Silicon Valley Bank (SVB),...
944 views0 comments
Flexi Group
Mar 30, 20232 min read
According to a Senate Committee, Credit Suisse broke the US tax evasion agreement.
By continuing to assist extremely affluent Americans in tax evasion and hiding more than $700 million from the government, Credit Suisse...
337 views0 comments
Flexi Group
Mar 29, 20231 min read
Cyprus Tax Facts 2023
In order to help you think through your tax planning and your compliance responsibilities to the Cyprus Tax Department for the year 2023,...
795 views0 comments
Flexi Group
Mar 28, 20234 min read
Israel erupted as Netanyahu was forced to retreat, leaving it "injured and hurting."
With a combination of skill and ruthlessness, Benjamin Netanyahu has controlled Israeli politics for nearly 20 years, outmaneuvering his...
613 views0 comments
Flexi Group
Mar 27, 20233 min read
In order to raise money for Ukraine, the EU considers investing frozen Russian state assets.
According to a document, the European Commission anticipates earning returns of about 2.6% from investing assets belonging to the Russian...
398 views0 comments
Flexi Group
Mar 24, 20234 min read
Best strategies to ensure your firm’s compliance resiliency
What is compliance resiliency, and why is it crucial for your organization to have it? Examples from recent enforcement show how...
1,339 views0 comments
Flexi Group
Mar 23, 20234 min read
Global mobility's tax challenges
40% of large international companies still lack clear tax and payroll standards to address the issue, despite the growing phenomenon of...
438 views0 comments
Flexi Group
Mar 22, 20232 min read
Cyprus's banking system, according to the Central Bank, is strong
On Monday, the Central Bank of Cyprus informed President Nicos Christodoulides that the financial system in Cyprus is resilient and will...
450 views0 comments
Flexi Group
Mar 21, 20234 min read
As doomed Credit Suisse gets swallowed by UBS, Switzerland is placed in shadow.
With a state-backed rescue of its smaller rival Credit Suisse, a risky bet that increases the Swiss economy's dependence on a single...
432 views0 comments
Flexi Group
Mar 20, 20235 min read
UBS to buy Credit Suisse bank for €3 billion
In a move arranged by authorities to avert further market-shaking instability in the global banking system, banking giant UBS is...
491 views0 comments
Flexi Group
Mar 17, 20233 min read
Despite banking turmoil, the ECB rises rates as expected
In spite of the financial market chaos and investor calls to pause policy tightening at least until sentiment stabilizes, the European...
1,346 views0 comments
Flexi Group
Mar 16, 20232 min read
German and US police take down a crypto money laundering operation that washed €44M in dirty money
A major money-laundering scheme with a cryptocurrency mixer at its core was reportedly brought down by police today, according to reports...
545 views0 comments
Flexi Group
Mar 15, 20232 min read
Following the SVB failure, Britain is reviewing plans for "Edinburgh" light regulation.
Britain's intentions to re-introduce light touch regulation was being reassessed this week in light of the SVB collapse. To make the UK...
340 views0 comments
Flexi Group
Mar 14, 20233 min read
Damage control by regulators in the wake of SVB and Signature Bank collapses
The failure of two banks with a combined $264 billion in deposits sparked action over the weekend from the White House, the Department of...
437 views0 comments
Flexi Group
Mar 13, 20232 min read
What led to the failure of Silicon Valley Bank?
Friday's shutdown and takeover of SVB Financial Group Inc. (SIVB.O) by banking regulators might be attributed to the US Federal Reserve...
445 views0 comments
Flexi Group
Mar 10, 20232 min read
Ex Goldman Sachs banker sentenced to 10 years in prison for looting billions from Malaysia's 1MDB
On Thursday, former Goldman Sachs banker Roger Ng was given a 10-year prison sentence for his role in the theft of billions of dollars...
861 views0 comments
Flexi Group
Mar 9, 20232 min read
FCA cautions that strict regulations are required to "detoxify" the cryptocurrency market.
To "detoxify" crypto to eliminate conflicts of interest, protect user money, and compel dramatic changes to business models, Britain's...
450 views0 comments
Flexi Group
Mar 8, 20231 min read
Israel's central bank will report more regularly on international money transactions.
A representative for the Bank of Israel said Tuesday that local banks have been asked to report more often on the movement of money into...
687 views0 comments
Flexi Group
Mar 7, 20236 min read
"Five Eyes" Embassy personnel are prohibited from using Revolut due to suspected ties with Russia
It has been reported that key embassy personnel within the 'Five Eyes' western intelligence alliance are forbidden from using Revolut due...
555 views0 comments
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