Ex-NBA Player Jontay Porter Pleads Guilty to Conspiracy to Commit Wire Fraud; Faces Over 4 Years in Prison
Former Toronto Raptors player Jontay Porter turned himself in to federal authorities on Wednesday, July 10, and pled guilty to a...
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Flexi Group
Jul 111 min read
FCC Orders Sorenson Unit to Pay $34.6M Over Illegal Data Retention
Sorenson Communications has agreed to pay $34.6 million and implement a comprehensive compliance program to settle allegations from the...
619 views0 comments
Flexi Group
Jul 102 min read
Italy Implements Global Minimum Taxation Under OECD’s Pillar Two Rules
Italy’s Ministry of Economy and Finance has issued a decree to implement global minimum taxation in accordance with the OECD’s pillar two...
1,020 views0 comments
Flexi Group
Jul 102 min read
Dutch FIU Criticizes Premature Decision to Wind Down AML Coalition
The Dutch Financial Intelligence Unit (FIU-Nederland) has criticized the decision by the country’s main banks to wind down their AML...
1,114 views0 comments
Flexi Group
Jul 102 min read
Political Dispute Halts Germany’s AML Super Agency Plans
Germany’s initiative to establish a new AML super agency, the Federal Office for Combating Financial Crime (BBF), has encountered a...
983 views0 comments
Flexi Group
Jul 93 min read
PepsiCo Australia's IP Royalties Appeal Brings Taxpayer Certainty, Experts Say
PepsiCo's victory in its legal dispute with the Australian Taxation Office (ATO) is seen as a significant win for taxpayer certainty,...
56 views0 comments
Flexi Group
Jul 91 min read
TD Bank's Chief Compliance Officer Departs Amidst AML Program Probe
TD Bank’s Chief Compliance Officer, Monica Kowal, has left the bank, as revealed in an internal memo, while the Canadian lender faces...
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Flexi Group
Jul 83 min read
Labour's Landslide UK Election Victory Spurs Calls for Tax Simplification
Following the Labour Party's overwhelming victory in the UK general election on July 4, tax experts are advocating for the reintroduction...
1,322 views0 comments
Flexi Group
Jul 81 min read
Five Members of Alleged Chinese Criminal Network Arrested in Spain
Five members of an alleged Chinese criminal network, reportedly capable of smuggling over €1 million daily, have been arrested in Spain....
1,208 views0 comments
Flexi Group
Jul 52 min read
Labour Party Secures Historic Landslide Victory in U.K. Election
The U.K. Labour Party is set to return to power after a historic landslide election victory over the ruling Conservatives. In the early...
1,422 views0 comments
Flexi Group
Jul 52 min read
Panama's President Mulino Calls Panama Papers 'An International Hoax' Following Widespread Acquittals
José Raúl Mulino, Panama’s new president, has denounced the Panama Papers as “an international hoax” after a Panamanian court acquitted...
1,519 views0 comments
Flexi Group
Jul 42 min read
Former Executives of Outcome Health Sentenced for $45 Million Overbilling Scheme
Three former executives of Chicago-based healthcare technology company Outcome Health (OH) have been sentenced for deceiving an auditor,...
784 views0 comments
Flexi Group
Jul 49 min read
Flutter Faces Scrutiny Over Gambling Practices in US Market
In 2018, British regulators sanctioned the UK arm of online gambling giant Flutter (FLTRF.L) after it failed to catch a major anomaly....
814 views0 comments
Flexi Group
Jul 42 min read
Singapore Lowers Casino Cash Reporting Threshold to Combat Money Laundering and Terrorism Financing
Singapore is set to lower the reporting threshold on casino cash transactions as part of new measures to combat terrorism financing and...
802 views0 comments
Flexi Group
Jul 34 min read
SEC Sues Silvergate Capital Corp for Securities Fraud Over $9 Billion in Suspicious Transfers
The U.S. Securities and Exchange Commission (SEC) has sued crypto-focused bank Silvergate Capital Corp in a federal court for securities...
678 views0 comments
Flexi Group
Jul 32 min read
EBA Criticizes Lenders for Not Taking Money Laundering Risks Seriously
Lenders are failing to take money laundering risks seriously, despite many facing financial penalties due to customer due diligence (CDD)...
664 views0 comments
Flexi Group
Jul 32 min read
FATF Explains Removal of Turkey from Grey List, Remains Silent on Russia Blacklisting
The Financial Action Task Force (FATF) has clarified its reasons for removing Turkey from its grey list, though it did not provide...
673 views0 comments
Flexi Group
Jul 22 min read
Drug Traffickers Launder Funds Through Citigroup ATMs, Say US Prosecutors
US law enforcement claims that drug traffickers laundered illicit funds through Citigroup ATMs, exploiting what they perceived to be...
836 views0 comments
Flexi Group
Jul 23 min read
Singapore to Lower Due Diligence Thresholds for Casino Cash Deposits Amid Tighter Counter-Terrorism Controls
Singapore's authorities have announced plans to lower the threshold for performing due diligence checks on cash deposits in casinos,...
977 views0 comments
Flexi Group
Jul 11 min read
Bank of England Report Highlights Private Equity Risk Management Deficiencies Amidst Stagnant Interest Rates
A recent report from the Bank of England (BOE) has highlighted deficiencies in private equity risk management as interest rates remain...
581 views0 comments
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