EDITOR'S PICK 9/26

Apr 262 min read

EU Parliament Blocks UAE and Gibraltar Delisting Amidst AML Concerns: Impact on Regulatory Alignment and Bilateral Relations

The recent decision by the European Parliament to block the removal of the United Arab Emirates (UAE) and Gibraltar from Europe's list of...

1,297 views0 comments

EU Parliament Passes New Anti-Money Laundering Laws: Strengthening Defenses Against Financial Crime

Flexi Group

Apr 252 min read

EU Parliament Passes New Anti-Money Laundering Laws: Strengthening Defenses Against Financial Crime

European lawmakers hailed the passage of new anti-money laundering (AML) laws in the final plenary session of the current parliament,...

509 views0 comments

Financial Intelligence Triumphs: STRs Lead to Arrests in Netherlands, Estonia, and Canada

Flexi Group

Apr 242 min read

Financial Intelligence Triumphs: STRs Lead to Arrests in Netherlands, Estonia, and Canada

Financial intelligence units in the Netherlands, Estonia, and Canada are heralding the instrumental role of Suspicious Transaction...

1,076 views0 comments

British FCA Proposal Sparks Backlash: Early Naming and Shaming Draws Criticism from Politicians, Bankers, and Lawyers: Early Naming and Shaming Draws Criticism from Politicians, Bankers, and Lawyers

Flexi Group

Apr 232 min read

British FCA Proposal Sparks Backlash: Early Naming and Shaming Draws Criticism from Politicians, Bankers, and Lawyers: Early Naming and Shaming Draws Criticism from Politicians, Bankers, and Lawyers

British politicians, financiers, and legal practitioners have united in opposition to the Financial Conduct Authority's (FCA) proposal to...

521 views0 comments

Inside Job: How FINTRAC Unraveled Canada's Biggest Gold Heist

Flexi Group

Apr 222 min read

Inside Job: How FINTRAC Unraveled Canada's Biggest Gold Heist

FINTRAC, Canada’s Financial Transactions and Reports Analysis Centre, has emerged as a critical player in the capture of the criminal...

922 views0 comments

Breaking the Network: Joint Operation Dismantles Transcontinental Criminal Syndicate

Flexi Group

Apr 192 min read

Breaking the Network: Joint Operation Dismantles Transcontinental Criminal Syndicate

A significant breakthrough in the global fight against organized crime has been achieved with the apprehension of 20 individuals involved...

2,337 views0 comments

Navigating the Surge: Assessing the Impacts of Rising Oil Prices on Global Markets

Flexi Group

Apr 183 min read

Navigating the Surge: Assessing the Impacts of Rising Oil Prices on Global Markets

Oil prices have surged approximately 16 percent since the beginning of the year, approaching the $90 per barrel mark. This upward...

548 views0 comments

Trouble Down Under: TikTok Faces AML Probe in Australia Amid Global Scrutiny

Flexi Group

Apr 172 min read

Trouble Down Under: TikTok Faces AML Probe in Australia Amid Global Scrutiny

TikTok, the ubiquitous social media juggernaut, has found itself in the crosshairs of a potential Anti-Money Laundering (AML)...

187 views0 comments

U.S. Treasury Imposes Sanctions on Cypriot Companies Linked to Belarusian Defense Industry

Flexi Group

Apr 162 min read

U.S. Treasury Imposes Sanctions on Cypriot Companies Linked to Belarusian Defense Industry

The recent actions taken by the U.S. Department of the Treasury to expand its sanctions list by including two Cypriot companies represent...

1,465 views0 comments

Europe has taken a significant step forward in its efforts to combat organized crime and illicit financial activities with the adoption of a new law focused on asset recovery and confiscation

Flexi Group

Apr 152 min read

Europe has taken a significant step forward in its efforts to combat organized crime and illicit financial activities with the adoption of a new law focused on asset recovery and confiscation

The European Union, on Friday, officially endorsed legislation that establishes minimum standards across the EU for tracing, identifying,...

772 views0 comments

Panama Papers Trial Unfolds: Founders of Mossack Fonseca Face Money Laundering Charges

Flexi Group

Apr 122 min read

Panama Papers Trial Unfolds: Founders of Mossack Fonseca Face Money Laundering Charges

The legal proceedings concerning the Panama Papers scandal have commenced in a Panamanian criminal court, marking a significant...

721 views0 comments

DOJ's Whistleblower Reward Program: A Comprehensive Analysis of Design and Impact

Flexi Group

Apr 112 min read

DOJ's Whistleblower Reward Program: A Comprehensive Analysis of Design and Impact

The Department of Justice (DOJ) is gearing up to introduce a whistleblower reward program, signaling a significant step in its efforts to...

554 views0 comments

Italy Proposes Stricter Penalties for AI-Enabled Crimes: Crackdown on Money Laundering and Market Rigging

Flexi Group

Apr 102 min read

Italy Proposes Stricter Penalties for AI-Enabled Crimes: Crackdown on Money Laundering and Market Rigging

Italy is poised to impose stricter penalties for crimes involving Artificial Intelligence (AI) tools, particularly targeting offenses...

249 views0 comments

Wirecard Scandal Deepens: Allegations of Espionage and Russian Involvement Surface

Flexi Group

Apr 92 min read

Wirecard Scandal Deepens: Allegations of Espionage and Russian Involvement Surface

Recent developments in the Wirecard case suggest that the company might have played a role as a clandestine financial conduit for Russian...

768 views0 comments

Europol Report Reveals Extensive Fraud Networks Across Europe: Trends, Tactics, and Implications

Flexi Group

Apr 82 min read

Europol Report Reveals Extensive Fraud Networks Across Europe: Trends, Tactics, and Implications

Europol's recent report has unveiled the extensive prevalence of fraud within Europe, positioning it as the second most common criminal...

534 views0 comments

New Wolfsberg Guidelines Emphasize Internal Controls

Flexi Group

Apr 52 min read

New Wolfsberg Guidelines Emphasize Internal Controls

The Wolfsberg Group, renowned for its contributions to banking and financial regulation, has recently issued updated guidelines, placing...

1,038 views0 comments

Singaporean Authorities Secure First Conviction in $2.8 Billion Illegal Gambling Case: Cambodian National Sentenced to Prison

Flexi Group

Apr 42 min read

Singaporean Authorities Secure First Conviction in $2.8 Billion Illegal Gambling Case: Cambodian National Sentenced to Prison

Singaporean authorities have secured their first conviction in connection to a high-profile illegal gambling and money laundering case...

616 views0 comments

Unraveling the 1MDB Scandal: From Yacht Meetings to High-Stakes Trials

Flexi Group

Apr 34 min read

Unraveling the 1MDB Scandal: From Yacht Meetings to High-Stakes Trials

Former Malaysian Prime Minister, along with businessmen Jho Low, Tarek Obaid, and Patrick Mahony, find themselves entangled in what is...

697 views0 comments

Russian Wealth Shift: Dubai's Fading Allure Amid Rising Costs and Tightening Sanctions

Flexi Group

Apr 23 min read

Russian Wealth Shift: Dubai's Fading Allure Amid Rising Costs and Tightening Sanctions

In the wake of President Vladimir Putin's invasion of Ukraine two years ago, Dubai emerged as a favored destination for Russians seeking...

756 views0 comments

U.S. Treasury Imposes Sanctions on Russian Financial and Tech Entities: Detailed Overview of Designated Persons and Companies

Flexi Group

Mar 294 min read

U.S. Treasury Imposes Sanctions on Russian Financial and Tech Entities: Detailed Overview of Designated Persons and Companies

The Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced on the 25th of March the sanctioning of thirteen...

1,719 views0 comments