Federal Regulators Propose Enhanced AML/CFT Risk Assessments for Financial Institutions
Four federal banking regulators, alongside the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), have issued a notice...
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Flexi Group
Jul 222 min read
FCA Urges Banks to Ensure Fair Treatment of UK Lawmakers and Their Families
The U.K.’s Financial Conduct Authority (FCA) has called on banks and financial institutions to enhance their efforts to ensure that U.K....
613 views0 comments
Flexi Group
Jul 192 min read
FCA Urges Fair Treatment of Politically Exposed Persons in Financial Firms
The UK’s Financial Conduct Authority (FCA) has urged financial firms, including banks, payment firms, and lenders, to ensure that...
2,594 views0 comments
Flexi Group
Jul 183 min read
Experts Call for Further Reforms as FCA Revamps London Stock Exchange Rules
The U.K. Financial Conduct Authority (FCA) is overhauling the rules of the London Stock Exchange (LSE), but experts believe additional...
813 views0 comments
Flexi Group
Jul 172 min read
U.S. Agencies Warn Timeshare Owners of Rising Mexican Cartel Activity
A coalition of prominent U.S. official agencies has issued a warning to U.S. timeshare owners, urging them to stay vigilant against...
937 views0 comments
Flexi Group
Jul 162 min read
FATF Scrutinized Over Allegations of Facilitating Political Abuse
The Financial Action Task Force (FATF) has recently come under fire for claims that its anti-money laundering (AML) recommendations are...
763 views0 comments
Flexi Group
Jul 152 min read
Dutch FIU Criticizes Banks' Decision to Wind Down AML Coalition
The Dutch Financial Intelligence Unit (FIU-Nederland) has expressed concerns over the decision by the country’s main banks to wind down...
863 views0 comments
Flexi Group
Jul 122 min read
Treasury Secretary Janet Yellen Affirms Deadline for Beneficial Ownership Reporting
Janet Yellen, the Secretary of the U.S. Department of the Treasury, has confirmed that there are no plans to extend the deadline for...
749 views0 comments
Flexi Group
Jul 113 min read
HMRC Focuses on Compliance for UK Companies with Non-Resident Directors
Lewin Higgins-Green of FTI Consulting highlights the importance for UK companies to ensure their compliance with Non-Resident Director...
707 views0 comments
Flexi Group
Jul 102 min read
FATF Accuses U.S., China, and Australia of Enabling Financial Crime in Shocking Report
On Monday, the Financial Action Task Force (FATF) stunned the anti-money laundering (AML) community by effectively accusing the United...
956 views0 comments
Flexi Group
Jul 91 min read
DBS Hong Kong Fined HK$10 Million for AML Violations by Hong Kong Regulator
The Hong Kong unit of DBS Group Holdings, Singapore’s largest lender, has been fined HK$10 million ($1.28 million) by Hong Kong’s banking...
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Flexi Group
Jul 82 min read
Nordea Faces Charges for Multiple Violations of Denmark’s AML Laws
Nordea, the largest bank in the Nordic region, has been charged with multiple violations of Denmark’s anti-money laundering (AML) laws in...
1,264 views0 comments
Flexi Group
Jul 52 min read
Russia Advocates for Cryptocurrency Use to Mitigate Sanctions Impact
Russia’s central bank has advised businesses to adopt “multiple choice solutions,” including cryptocurrencies and other digital assets,...
1,325 views0 comments
Flexi Group
Jul 42 min read
Italian Authorities Seize €109,000 from Mafia-Linked Gambling Activities on German Tip-Off
Italian officials, acting on advice from their German counterparts, have seized €109,000 believed to be sourced from gambling activities...
1,017 views0 comments
Flexi Group
Jul 32 min read
Singapore Introduces New Bill to Strengthen Prosecution of Money Laundering Offences
Singapore is aiming to simplify the prosecution of money laundering offenses in the city-state, according to the home affairs ministry....
798 views0 comments
Flexi Group
Jul 22 min read
FinCEN Proposes Rule to Enhance AML Standards for U.S. Financial Institutions
The Financial Crimes Enforcement Network (FinCEN), the financial crime unit of the U.S. Treasury, has put forward a new rule designed to...
751 views0 comments
Flexi Group
Jul 13 min read
Monaco Added to FATF Greylist, Turkey and Jamaica Removed
The tiny European principality of Monaco, a haven for the world’s super-rich, was on Friday added to the FATF greylist, alongside...
603 views0 comments
Flexi Group
Jun 282 min read
New EU Anti-Money Laundering Agency Framework Comes Into Effect
Today marks the enforcement of the regulation establishing the European Union’s new Anti-Money Laundering Authority (AMLA). Until the end...
1,537 views0 comments
Flexi Group
Jun 273 min read
Singapore Faces Heightened Money Laundering Risks, Says PM Lawrence Wong
Singapore faces higher money laundering and terrorism financing risks compared to other countries due to its status as an international...
618 views0 comments
Flexi Group
Jun 263 min read
Julian Assange Released from British Prison, Expected to Plead Guilty to Violating US Espionage Law
Julian Assange, 52, has been released from a British prison and is anticipated to plead guilty to a US espionage charge, facilitating his...
947 views0 comments
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