With the European Parliament engulfed in the Qatari scandal, European democracy is "under attack."
According to Roberta Metsola, President of the European Parliament, European democracy is "under attack." President Metsola spoke...
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Flexi Group
Dec 13, 20223 min read
The Enablers Act, a major anti-money laundering law, is blocked by the US Senate
A crucial piece of legislation to reduce financial crime and corruption in the country has been blocked by the Senate, which is a blow...
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Flexi Group
Dec 12, 20223 min read
EU Parliament VP Kaili is accused of wrongdoing in the Qatar scandal investigation.
Eva Kaili, vice president of the European Parliament, and three other individuals were charged with corruption by Belgian prosecutors on...
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Flexi Group
Dec 9, 20223 min read
Finance ministers approve the Brussels AML package
EU member states endorsed Brussels' revised AML plan on Wednesday, supporting Commissioner Mairead McGuinness. It is noteworthy that the...
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Flexi Group
Dec 7, 20225 min read
Top compliance failures in 2022
Large banks that serve the military have anti-money laundering (AML) compliance issues, financial industry titans have been held...
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Flexi Group
Dec 5, 20222 min read
Criminals and sanctioned officials can "easily breach" anti-fincrime laws, according to new studies
According to a recent study, international financial restrictions intended to combat "dirty money" can be "easily breached" by criminals,...
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Flexi Group
Dec 1, 20222 min read
EU plans to use billions of sanctioned Russian funds to pay for Ukraine's reconstruction
The European Commission has proposed using billions in Russian assets that have been sanctioned to fund reconstruction in Ukraine. The...
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Flexi Group
Nov 30, 20222 min read
While Brussels attempt to make paper money transaction unappealing, Italian PM says "cash is king"
Giorgia Meloni, the new right-wing prime minister of Italy, wants more transactions to be made using cash rather than electronic money....
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Flexi Group
Nov 28, 20222 min read
Countries are gradually blocking access to companies' beneficial ownership information
Several countries have already blocked public access to their Registers of Beneficial Ownership. What are Cyprus' next steps? Following...
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Flexi Group
Nov 23, 20223 min read
Public beneficial ownership records are declared unconstitutional by the Court of Justice of the EU
In a major decision, the Court of Justice of the European Union declared today that the Fourth Anti-Money Laundering Directive's (4AMLD)...
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Flexi Group
Nov 22, 20221 min read
EU seeks 'exit tax' on sanctioned Russians' assets to squeeze Kremlin
European officials are considering imposing a "exit tax" on the assets and capital gains of sanctioned individuals leaving Russia....
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Flexi Group
Nov 21, 20222 min read
Prison term of more than 11 years forElizabeth Holmes of Theranos
Elizabeth Holmes was given a prison term of more than 11 years. Elizabeth Holmes, the founder of Theranos, was found guilty of fraud...
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Flexi Group
Nov 18, 20222 min read
Bulgaria, Romania, and Croatia are ready to join the Schengen Area, according to the EU Commission
Bulgaria, Croatia, and Romania are prepared to join the Schengen Area as full members, according to the European Union Commission, which...
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Flexi Group
Nov 17, 20222 min read
UN: Russian invasion has given "new and emerging" organized crime businesses room to develop
According to the UN's Crime and Justice research branch, the Russian invasion of Ukraine earlier this year has allowed "new and emerging...
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Flexi Group
Nov 16, 20222 min read
EU data regulators advise against downloading apps for the World Cup in Qatar
The heads of data protection in Europe have this message for football fans: Avoid downloading the World Cup apps from Qatar because they...
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Flexi Group
Nov 14, 20222 min read
Ex-Vatican Chief Auditor says he was fired for investigating financial irregularities of Holy See
After learning about financial irregularities at the Holy See, the former Chief Auditor of the Vatican earned the moniker...
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Flexi Group
Nov 11, 20222 min read
As part of Ukraine sanctions, the UK has frozen £18 billion in Russian assets
The British government has frozen the assets of 120 Russian organisations and over 1,200 individuals. According to new numbers announced...
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Flexi Group
Nov 10, 20222 min read
German police raid UBS in an investigation concerning a Russian Oligarch
German police searched branches of the multinational lender UBS as part of a money laundering investigation into Russian oligarch Alisher...
111 views0 comments
Flexi Group
Nov 8, 20223 min read
Accountants in Cyprus leave PwC to keep clients with ties to Russia
To accept business from clients with Russian ties which the Big Four accounting firms are no longer considering, a group of PwC partners...
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Flexi Group
Nov 8, 20222 min read
McGuinness: New instant payment regulations, will make sanctions screening "more efficient"
Mairead McGuinness, the European Commissioner for Financial Services, has pledged that the bloc's recently disclosed instant payment...
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