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4 hours ago1 min read

WealthTek’s John Dance Charged with £64 Million Fraud and Money Laundering

The UK’s financial regulator has charged John Dance, a former principal partner at WealthTek LLP, with fraud and laundering over £64...

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Dutch Prosecutors Drop Money Laundering Charges Against Former Bank Chiefs

Flexi Group

4 hours ago2 min read

Dutch Prosecutors Drop Money Laundering Charges Against Former Bank Chiefs

In a dramatic turn for Dutch banking, prosecutors announced on Wednesday that they will not pursue criminal charges against the former...

161 views0 comments

Bankrupt Retailer Express Avoids SEC Fine in CEO Perks Disclosure Case

Flexi Group

23 hours ago2 min read

Bankrupt Retailer Express Avoids SEC Fine in CEO Perks Disclosure Case

The Securities and Exchange Commission (SEC) announced charges against bankrupt fashion retailer Express for failing to disclose nearly...

487 views0 comments

EU Sanctions Target Russia's "Shadow Fleet" in 15th Sanctions Package

Flexi Group

23 hours ago3 min read

EU Sanctions Target Russia's "Shadow Fleet" in 15th Sanctions Package

The European Union has introduced its 15th sanctions package against Russia, focusing on the so-called "shadow fleet" of third-country...

633 views0 comments

DOJ’s Updated Compliance Guidance Places Spotlight on AI Risks, Sparking Industry Debate

Flexi Group

2 days ago4 min read

DOJ’s Updated Compliance Guidance Places Spotlight on AI Risks, Sparking Industry Debate

When the U.S. Department of Justice (DOJ) revised its Evaluation of Corporate Compliance Programs (ECCP) earlier this year, it drew...

700 views0 comments

UK Fintech Stenn Collapses into Administration Amid Money Laundering Scrutiny

Flexi Group

2 days ago2 min read

UK Fintech Stenn Collapses into Administration Amid Money Laundering Scrutiny

UK-based fintech firm Stenn, once valued at $900 million, has entered administration following an investigation linked to a U.S. money...

709 views0 comments

Philippines Begins Revocation of Remaining POGO Licenses Amid Nationwide Ban

Flexi Group

3 days ago2 min read

Philippines Begins Revocation of Remaining POGO Licenses Amid Nationwide Ban

The process of revoking licenses for the remaining Philippine Offshore Gaming Operators (POGOs) officially commenced on Sunday, December...

1,192 views0 comments

Jyske Bank Fined €3.22 Million for Anti-Money Laundering Failures

Flexi Group

3 days ago1 min read

Jyske Bank Fined €3.22 Million for Anti-Money Laundering Failures

Jyske Bank, Denmark's third-largest financial institution, has been fined €3.22 million (DKK 24 million) for failing to comply with...

1,106 views0 comments

Klarna Fined $45.6 Million by Swedish FSA for Money Laundering Rule Breaches

Flexi Group

6 days ago2 min read

Klarna Fined $45.6 Million by Swedish FSA for Money Laundering Rule Breaches

Sweden’s Financial Supervisory Authority (FSA) has imposed a fine of 500 million Swedish crowns ($45.59 million) on Klarna Bank for...

2,532 views0 comments

Former TD Bank Employee Charged with Money Laundering Conspiracy in Drug Proceeds Case

Flexi Group

6 days ago2 min read

Former TD Bank Employee Charged with Money Laundering Conspiracy in Drug Proceeds Case

A former employee of TD Bank in the U.S. has been arrested and charged with conspiracy to commit money laundering, accused of...

2,386 views0 comments

Morgan Stanley Smith Barney Charged by SEC for Allowing Investment Advisers to Steal Millions

Flexi Group

Dec 122 min read

Morgan Stanley Smith Barney Charged by SEC for Allowing Investment Advisers to Steal Millions

The U.S. Securities and Exchange Commission (SEC) announced on Tuesday that Morgan Stanley Smith Barney (MSSB) is facing charges due to...

617 views0 comments

Former EU Justice Commissioner Didier Reynders Denies €1 Million Money Laundering Allegations

Flexi Group

Dec 122 min read

Former EU Justice Commissioner Didier Reynders Denies €1 Million Money Laundering Allegations

Former EU Justice Commissioner Didier Reynders is under investigation for allegedly laundering approximately €1 million, a claim he has...

616 views0 comments

IRS Criminal Investigation Unit Reports 90% Conviction Rate, $9.15 Billion in Financial Recoveries

Flexi Group

Dec 112 min read

IRS Criminal Investigation Unit Reports 90% Conviction Rate, $9.15 Billion in Financial Recoveries

The IRS Criminal Investigation (IRS-CI) unit has reported a 90% conviction rate over the past year, highlighting its efforts in combating...

862 views0 comments

Kuwait Proposes 15% Corporate Tax for All Businesses Under New Draft Rules

Flexi Group

Dec 112 min read

Kuwait Proposes 15% Corporate Tax for All Businesses Under New Draft Rules

Kuwait’s Ministry of Finance has proposed the introduction of a 15% corporate income tax on all businesses, both local and foreign-owned,...

903 views0 comments

McKinsey & Co. Subsidiary Agrees to $123M Criminal Penalty for South Africa Bribery Scheme

Flexi Group

Dec 102 min read

McKinsey & Co. Subsidiary Agrees to $123M Criminal Penalty for South Africa Bribery Scheme

McKinsey & Co. Africa has agreed to pay nearly $123 million to the U.S. Department of Justice (DOJ) as part of a settlement over...

592 views0 comments

Stricter AML Rules for European Cryptocurrency Companies to Take Effect

Flexi Group

Dec 102 min read

Stricter AML Rules for European Cryptocurrency Companies to Take Effect

Cryptocurrency companies newly established in Europe have been cautioned about the introduction of more stringent anti-money laundering...

689 views0 comments

TD Bank Faces Declining Shares Amid Regulatory Challenges and Strategic Reassessment

Flexi Group

Dec 92 min read

TD Bank Faces Declining Shares Amid Regulatory Challenges and Strategic Reassessment

Shares of TD Bank dropped approximately 6% after the institution announced it would delay updates to its financial targets until the...

545 views0 comments

Malta’s Gaming Industry Transforms into a Global B2B Powerhouse

Flexi Group

Dec 93 min read

Malta’s Gaming Industry Transforms into a Global B2B Powerhouse

Malta, long celebrated for its dominance in business-to-consumer (B2C) gaming operations, is now emerging as a global leader in...

720 views0 comments

Marshall Islands’ Offshore Trust Complexes Increasingly Linked to Terrorism and Iran

Flexi Group

Dec 62 min read

Marshall Islands’ Offshore Trust Complexes Increasingly Linked to Terrorism and Iran

The picturesque Marshall Islands, long known as a hub for tax-friendly offshore incorporation services, is becoming a surprising focal...

2,388 views0 comments

Macau Gaming Operators Eye Regulatory Adjustments for Satellite Casinos Beyond 2025

Flexi Group

Dec 62 min read

Macau Gaming Operators Eye Regulatory Adjustments for Satellite Casinos Beyond 2025

Macau’s gaming operators are bracing for potential regulatory adjustments regarding satellite casinos in 2025. According to discussions...

2,119 views0 comments