Investigations into PwC Confidentiality Breach Ongoing, Two Expected to Conclude This Year
Australian tax authorities are diligently pursuing the trail of PwC Australia and its potential misuse of confidential information....
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Flexi Group
Jun 282 min read
IRS to Close Tax Loophole for Large Partnerships, Aiming to Raise $50 Billion Over 10 Years
The IRS is set to shut down a tax loophole utilized by large, complex partnerships, enabling the U.S. Department of Treasury to generate...
1,314 views0 comments
Flexi Group
Jun 281 min read
Bank of Italy Reports Potentially Illegal Transfers to Russia Amid Sanctions
The Bank of Italy has reported potentially illegal bank transfers from Italian accounts to Russia last year, routed through other...
1,325 views0 comments
Flexi Group
Jun 272 min read
PetroChina International America Settles U.S. Export Control Violation Charges for $14.5 Million
PetroChina International America (PCIA) has agreed to pay a fine and forfeiture totaling $14.5 million to resolve charges with the...
579 views0 comments
Flexi Group
Jun 272 min read
Federal Court Rules in Favor of PepsiCo in Royalty Withholding Tax Case
The ruling for PwC’s client deals a significant blow to the Australian Taxation Office (ATO) and its capacity to tax multinationals on...
581 views0 comments
Flexi Group
Jun 262 min read
Tilting Point Media Settles for $500,000 Over Illegal Data Collection Allegations
Tilting Point Media (TPM), a popular developer of children’s mobile games, has agreed to pay $500,000 to settle allegations that the...
901 views0 comments
Flexi Group
Jun 252 min read
Former EIB Chief Werner Hoyer Under Investigation in Corruption Inquiry
Werner Hoyer, the former chief of the European Investment Bank (EIB), has confirmed he is one of the two former officials being...
764 views0 comments
Flexi Group
Jun 252 min read
EU Money Laundering Regulator AMLA to Oversee Senior Finance Workers
The EU’s new money laundering regulator, the Anti-Money Laundering Authority (AMLA), is set to oversee senior finance workers among its...
779 views0 comments
Flexi Group
Jun 212 min read
HMRC Fails to Fine a Single Offshore Tax Enabler in Five Years Despite Penalty Powers
HM Revenue and Customs (HMRC) has not fined a single 'enabler' of offshore tax evasion or non-compliance in the past five years, despite...
1,777 views0 comments
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) represents one of the most significant changes in the AML landscape...
1,841 views0 comments
Flexi Group
Jun 202 min read
MONEYVAL Eases Oversight of Hungary After Improvements in Money Laundering and Digital Asset Regulation
MONEYVAL, the Council of Europe’s anti-money laundering committee, is reducing its oversight of Hungary after the country enhanced its...
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Flexi Group
Jun 202 min read
Guidehouse and Nan McKay & Associates Settle for $11.3 Million Over Cybersecurity Failures
Guidehouse and Nan McKay & Associates (NM) will collectively pay $11.3 million to the Department of Justice (DOJ) to settle allegations...
46 views0 comments
Flexi Group
Jun 192 min read
OECD Identifies Countries That Could Benefit from Simplified Transfer Pricing Rules
The OECD has identified Argentina, Brazil, Mexico, and South Africa as among the countries that could benefit from the simplified...
1,811 views0 comments
Flexi Group
Jun 192 min read
Swiss HSBC Unit Found in Serious Breach of Financial Market Law Over Money Laundering Failures
A Swiss division of HSBC has been found to have "seriously violated financial market law" due to significant lapses in its money...
1,469 views0 comments
Flexi Group
Jun 182 min read
Balkan Cocaine Cartel Dismantled Following Arrests in Spain
A major Balkan cocaine cartel has been dismantled after four individuals were arrested in Spain, marking the final step in a Spanish-led...
544 views0 comments
Flexi Group
Jun 181 min read
German Court Considers Termination of Trial for Prominent Banker in €10 Billion Tax Fraud Case
A German regional court announced on Friday that both prosecutors and defense lawyers have requested the termination of the criminal...
535 views0 comments
Flexi Group
Jun 174 min read
The Pre-Regulated Playing Field: An In-Depth Look at Anjouan’s Online Gambling Jurisdiction in 2024
We delve into existing and emerging grey market licensing jurisdictions to compare what they offer to the online gambling industry. This...
586 views0 comments
Flexi Group
Jun 172 min read
Federal Reserve Orders Evolve Bank to Address AML and Sanctions Lapses
The Federal Reserve Board has mandated that Evolve Bank & Trust, based in Arkansas and known for its partnerships with numerous financial...
619 views0 comments
Flexi Group
Jun 142 min read
Former CEO of AI Recruitment Startup Joonko Faces Fraud Charges Worth $27M
Ilit Raz, the former CEO of Joonko, an AI recruitment startup now defunct, has been indicted by a grand jury in New York on charges of...
1,418 views0 comments
Flexi Group
Jun 142 min read
Australian Government Bans Credit Cards and Digital Currencies for Online Betting
In a bid to mitigate financial risk and promote responsible gambling, the Australian government has enforced a ban on the use of credit...
1,467 views0 comments
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