EDITOR'S PICK 25/26

Dec 19, 20223 min read

The Qatar scandal causes Europe severe gas problems

With the EU trying to wean itself from Russian gas, the European Parliament corruption scandal demonstrates that there is no easy way...

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PCAOB announces "complete access" to Chinese company audit documents

Flexi Group

Dec 16, 20223 min read

PCAOB announces "complete access" to Chinese company audit documents

In order to prevent the delisting of hundreds of Chinese public companies from American markets, the Public Company Accounting Oversight...

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With the European Parliament engulfed in the Qatari scandal, European democracy is "under attack."

Flexi Group

Dec 14, 20223 min read

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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The Enablers Act, a major anti-money laundering law, is blocked by the US Senate

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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EU Parliament VP Kaili is accused of wrongdoing in the Qatar scandal investigation.

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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Finance ministers approve the Brussels AML package

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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Criminals and sanctioned officials can "easily breach" anti-fincrime laws, according to new studies

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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EU plans to use billions of sanctioned Russian funds to pay for Ukraine's reconstruction

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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While Brussels attempt to make paper money transaction unappealing, Italian PM says "cash is king"

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....

104 views0 comments

Countries are gradually blocking access to companies' beneficial ownership information

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...

152 views0 comments

Public beneficial ownership records are declared unconstitutional by the Court of Justice of the EU

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)...

379 views0 comments

EU seeks 'exit tax' on sanctioned Russians' assets to squeeze Kremlin

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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Prison term of more than 11 years forElizabeth Holmes of Theranos

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...

107 views0 comments

Bulgaria, Romania, and Croatia are ready to join the Schengen Area, according to the EU Commission

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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UN: Russian invasion has given "new and emerging" organized crime businesses room to develop

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...

115 views0 comments

EU data regulators advise against downloading apps for the World Cup in Qatar

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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Ex-Vatican Chief Auditor says he was fired for investigating financial irregularities of Holy See

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...

148 views0 comments

As part of Ukraine sanctions, the UK has frozen £18 billion in Russian assets

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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German police raid UBS in an investigation concerning a Russian Oligarch

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