TOP STORIES 3/57

Nov 213 min read

Former Billionaire Bill Hwang Sentenced to 18 Years Over Archegos Collapse

Sung Kook “Bill” Hwang, the former billionaire investor and founder of Archegos Capital Management, has been sentenced to 18 years in...

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Federal Reserve Bank of Richmond Examiner Admits to Insider Trading, Faces 20 Years in Prison

Flexi Group

Nov 212 min read

Federal Reserve Bank of Richmond Examiner Admits to Insider Trading, Faces 20 Years in Prison

A senior manager and bank examiner at the Federal Reserve Bank of Richmond, Robert Thompson, has admitted to insider trading after...

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UK Government Commits to Public Beneficial Ownership Registers

Flexi Group

Nov 202 min read

UK Government Commits to Public Beneficial Ownership Registers

The UK government has reaffirmed its commitment to implementing fully public beneficial ownership registers, with a spokesperson from the...

880 views0 comments

Luxembourg Seeks Public Help in Locating High-Priority Fugitive Philippe Wasila

Flexi Group

Nov 202 min read

Luxembourg Seeks Public Help in Locating High-Priority Fugitive Philippe Wasila

Luxembourg has issued a global plea for public assistance in tracking down one of its most high-priority fugitives, 57-year-old Philippe...

965 views0 comments

OFAC Penalty Highlights Key Lessons for Sanctions Compliance

Flexi Group

Nov 192 min read

OFAC Penalty Highlights Key Lessons for Sanctions Compliance

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has issued another penalty, this time to American Life...

581 views0 comments

Ireland’s Gambling Bill: Industry Concerns, Regulatory Challenges, and Uncertainty Over Taxation

Flexi Group

Nov 195 min read

Ireland’s Gambling Bill: Industry Concerns, Regulatory Challenges, and Uncertainty Over Taxation

On the evening of October 16, Ireland’s Dáil Éireann passed a landmark piece of legislation, updating the nation’s gambling laws for the...

688 views0 comments

European Commission Slaps Meta with $841M Fine Over Alleged Anticompetitive Practices

Flexi Group

Nov 182 min read

European Commission Slaps Meta with $841M Fine Over Alleged Anticompetitive Practices

The European Commission (EC) has imposed a nearly €798 million (US $841 million) fine on Meta, the parent company of Facebook, after...

571 views0 comments

U.S. Authorities Investigate Citigroup Over Ties to Sanctioned Russian Oligarch Suleiman Kerimov

Flexi Group

Nov 181 min read

U.S. Authorities Investigate Citigroup Over Ties to Sanctioned Russian Oligarch Suleiman Kerimov

Citigroup is under investigation by multiple U.S. government agencies over its connections to sanctioned Russian billionaire Suleiman...

534 views0 comments

FCA Chief Signals Shift in Approach to ‘Name and Shame’ Policy Amid Backlash

Flexi Group

Nov 152 min read

FCA Chief Signals Shift in Approach to ‘Name and Shame’ Policy Amid Backlash

The UK’s Financial Conduct Authority (FCA) is preparing to ease back on its controversial “name and shame” proposals for companies under...

1,881 views0 comments

Prominent South Korean Financial Influencer Arrested in Country’s Largest Cryptocurrency Scam

Flexi Group

Nov 152 min read

Prominent South Korean Financial Influencer Arrested in Country’s Largest Cryptocurrency Scam

A well-known financial influencer in South Korea, referred to only as Mr. A, has been implicated in what authorities are calling the...

1,968 views0 comments

Brazil’s Parliamentary Inquiry Commission on Betting Launched Ahead of Legal Market Debut

Flexi Group

Nov 142 min read

Brazil’s Parliamentary Inquiry Commission on Betting Launched Ahead of Legal Market Debut

On November 12, Brazil formally established a Parliamentary Inquiry Commission (CPI) to examine the country’s betting industry just weeks...

532 views0 comments

UAE Corporate Tax Return Guide Highlights Key Requirements for Businesses

Flexi Group

Nov 143 min read

UAE Corporate Tax Return Guide Highlights Key Requirements for Businesses

The United Arab Emirates' Federal Tax Authority (FTA) has released a comprehensive guide to assist businesses with completing their...

579 views0 comments

FCA Fines Metro Bank £16 Million for Failing Anti-Money Laundering Controls

Flexi Group

Nov 133 min read

FCA Fines Metro Bank £16 Million for Failing Anti-Money Laundering Controls

The UK’s Financial Conduct Authority (FCA) announced today that Metro Bank has been fined £16 million ($20.51 million) for deficiencies...

781 views0 comments

Spain’s Head of Financial Crime Allegedly Accepted €1 Million Bribes in Cocaine Smuggling Operation

Flexi Group

Nov 132 min read

Spain’s Head of Financial Crime Allegedly Accepted €1 Million Bribes in Cocaine Smuggling Operation

The head of financial crime in Spain’s National Police, Chief Inspector Óscar Sánchez Gil, has come under fire following accusations of...

613 views0 comments

Trinidad and Tobago Joins OECD Anti-Tax-Evasion Pact to Tackle Illicit Financial Flows

Flexi Group

Nov 121 min read

Trinidad and Tobago Joins OECD Anti-Tax-Evasion Pact to Tackle Illicit Financial Flows

On November 7, Trinidad and Tobago became the 149th jurisdiction to join the OECD’s Multilateral Convention on Mutual Administrative...

701 views0 comments

Philippines Orders Total Shutdown of Offshore Gaming Operators by December 31st Following New Presidential Executive Order

Flexi Group

Nov 122 min read

Philippines Orders Total Shutdown of Offshore Gaming Operators by December 31st Following New Presidential Executive Order

In a decisive move, Philippine President Ferdinand Marcos Jr. has signed Executive Order 74, which enforces a comprehensive ban on all...

677 views0 comments

Head of Spanish Fincrime Police Unit Arrested After €20 Million Drug Cash Discovered at Home

Flexi Group

Nov 114 min read

Head of Spanish Fincrime Police Unit Arrested After €20 Million Drug Cash Discovered at Home

The head of Spain’s national police financial crime unit, Chief Inspector Óscar Sánchez Gil, was arrested this week after authorities...

620 views0 comments

Brazilian Betting Market Faces Operator Withdrawals Ahead of January 2025 Launch

Flexi Group

Nov 113 min read

Brazilian Betting Market Faces Operator Withdrawals Ahead of January 2025 Launch

Several betting operators in Brazil have withdrawn from the federal licensing process just months before the country’s legal betting...

710 views0 comments

Wynn Resorts’ Ras Al Khaimah Casino Could Propel UAE to Fourth-Largest Global Gaming Market

Flexi Group

Nov 82 min read

Wynn Resorts’ Ras Al Khaimah Casino Could Propel UAE to Fourth-Largest Global Gaming Market

Wynn Resorts is constructing a new casino resort in Ras Al Khaimah, United Arab Emirates (UAE), which may position the emirate as the...

987 views0 comments

Bitcoin Hits Record High Amid Optimism for Reduced Crypto Oversight Under Trump Presidency

Flexi Group

Nov 82 min read

Bitcoin Hits Record High Amid Optimism for Reduced Crypto Oversight Under Trump Presidency

Bitcoin surged to an all-time high as investors anticipate that Donald Trump’s return to the White House could lead to a more lenient...

948 views0 comments