Monaco Faces Potential Greylisting by FATF at Upcoming Singapore Plenary
The city-state of Monaco is on the brink of being greylisted at the Financial Action Task Force (FATF) plenary set to take place this...
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Flexi Group
Jun 212 min read
EU's AMLA to Regulate Largest Financial Institutions Across Multiple Member States
The establishment of the EU’s Anti-Money Laundering Authority (AMLA) marks a significant shift in the world of anti-money laundering...
1,758 views0 comments
Flexi Group
Jun 202 min read
British Virgin Islands ITA Issues New Economic Substance Rules: UAE Removed from No-Tax Jurisdiction List
On April 2, the British Virgin Islands’ International Tax Authority (ITA) released Version 4 of its Rules on Economic Substance (ES),...
83 views0 comments
Flexi Group
Jun 192 min read
Wolfsberg Group Opposes Mandatory Enhanced Due Diligence for Customers from FATF Grey-Listed Countries
The Wolfsberg Group has voiced opposition to a proposal that would enforce a mandatory higher level of customer due diligence on...
1,564 views0 comments
Flexi Group
Jun 181 min read
Nigeria Drops Tax Evasion Charges Against Binance Executives
In a significant development on Friday, Nigeria dropped tax evasion charges against two Binance executives following the appointment of a...
680 views0 comments
Flexi Group
Jun 172 min read
EU to Implement Comprehensive Anti-Corruption Laws Across Member States
The Council of the EU has announced new legislation introducing a range of anti-corruption offences and penalties to be enforced across...
819 views0 comments
Flexi Group
Jun 142 min read
FinCEN Director Andrea Gacki Assures Small Businesses on Beneficial Ownership Reporting Requirements
FinCEN (Financial Crimes Enforcement Network) Director Andrea Gacki has reassured small businesses that the new beneficial ownership...
1,371 views0 comments
Flexi Group
Jun 132 min read
Hong Kong Police Arrest 175 Suspects in $100 Million Scam Operation
Hong Kong police have apprehended 175 individuals suspected of involvement in various scams that defrauded hundreds of victims out of...
601 views0 comments
Flexi Group
Jun 122 min read
Moldova Struggles with Virtual Asset Regulation Despite Improvements in Anti-Terrorism Financing
The Republic of Moldova has made strides in preventing terrorist financing, yet continues to face significant shortcomings in its...
709 views0 comments
Flexi Group
Jun 112 min read
TD Bank Faces Potential $4 Billion in Fines Over U.S. AML Failures, Analysts Warn
Analysts have indicated that fines against TD Bank related to a series of anti-money laundering (AML) failures at its U.S. operations...
780 views0 comments
Flexi Group
Jun 102 min read
SkyCity to Pay $70 Million in Penalties Following Anti-Money Laundering Failures at Adelaide Casino
SkyCity is set to pay $70 million in penalties and legal costs after a series of anti-money laundering (AML) failures at its Adelaide...
813 views0 comments
Flexi Group
Jun 72 min read
Gangs Recruit Australian Money Mules for Up to AUS$500 and Commission, AUSTRAC Warns
Gangs are offering Australian money mules up to AUS$500 and a commission for the use of their bank accounts, according to the country’s...
1,383 views0 comments
Flexi Group
Jun 62 min read
CFO of The Epoch Times Arrested for Allegedly Laundering $67 Million in Stolen Funds
The Chief Financial Officer of US media group The Epoch Times, Weidong Guan, also known as ‘Bill’ Guan, has been arrested and charged in...
1,133 views0 comments
Flexi Group
Jun 52 min read
Former TD Bank Employee Accused of Falsifying Documents and Facilitating Cross-Border Cash Flow
A former TD Bank employee has been accused of falsifying documents to open dozens of accounts and providing concierge-like services to...
799 views0 comments
Flexi Group
Jun 42 min read
Investigation Uncovers Money Laundering Risks with Independent ATMs in the Netherlands
Independent ATMs not linked to banks are being used for money laundering in the Netherlands, an investigation has revealed. The Dutch...
867 views0 comments
Flexi Group
Jun 32 min read
OPAP Sees Revenue Rise Driven by Online Casino and Lottery Growth
OPAP's online casino business propelled its revenue up by 4.2% year-on-year to €549.7m (£467.5m/$593.3m), with the Greek gambling group...
707 views0 comments
Flexi Group
May 313 min read
Experts Divided on US Adoption of OECD's Pillar Two Legislation
Tax experts remain divided on whether the US will implement legislation for the OECD's pillar two framework. The OECD’s BEPS 2.0 reform...
1,335 views0 comments
Flexi Group
May 302 min read
Hungary's Central Bank Urges OTP Bank to Reduce Russian Exposure
Hungary's central bank has directed OTP Bank to further reduce its exposure to Russia and implement precautionary measures under close...
675 views0 comments
Flexi Group
May 292 min read
MONEYVAL Reports Improvement in Anti-Money Laundering Measures for Bulgaria, Holy See, and San Marino
Grey-listed Bulgaria, along with the Holy See and San Marino, have all shown improvements in their measures to combat money laundering,...
826 views0 comments
Flexi Group
May 282 min read
European Banking Authority Proposes Overhaul of Virtual IBAN Regulations
The European Banking Authority (EBA) has proposed a comprehensive overhaul concerning the treatment of virtual IBANs (vIBANs) by...
890 views0 comments
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