Reconsidering the UAE's Grey Listing by FATF: A Call for a More Sensible Approach
In a surprising turn of events, the United Arab Emirates (UAE) remains on the Financial Action Task Force's (FATF) 'grey list' despite...
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Flexi Group
Oct 4, 20231 min read
Cyprus Records 7% Annual Increase in Salaries
Recent data released by the Statistical Service reveals a noteworthy surge in earnings within Cyprus, with a nominal average increase of...
732 views0 comments
Flexi Group
Oct 4, 20232 min read
FCA Levies £6.5 Million Fine on ADM Investor Services for AML Shortcomings
The UK's Financial Conduct Authority (FCA) has imposed a hefty fine of £6.47 million (approximately $7.9 million) on commodities services...
741 views0 comments
Flexi Group
Oct 3, 20232 min read
Cyprus Returns to Investment Grade as Moody's Upgrades Credit Rating
Moody's, the rating agency, has elevated the credit rating of the Republic of Cyprus, marking the country's return to investment grade...
575 views0 comments
Flexi Group
Oct 3, 20233 min read
Debate Over OFSI's Disclosure of Sanctions Breach by Payment Firm Sparks Discussion
The recent decision by the U.K.'s Office of Financial Sanctions Implementation (OFSI) to disclose details of a sanctions breach by a...
586 views0 comments
Flexi Group
Oct 3, 20232 min read
Former SoftBank Executive Launches Stablecoin Venture in Abu Dhabi
Akshay Naheta, a former executive at SoftBank Group known for steering major deals, has founded a new company in Abu Dhabi focusing on...
579 views0 comments
Flexi Group
Oct 2, 20232 min read
Chinese Businessman Accused of Money Laundering and Tax Fraud Over €60M Bordeaux Vineyard Purchases
Chinese businessman Qu Naijie is facing trial on charges of money laundering and tax fraud related to his acquisition of 25 châteaux in...
583 views0 comments
Flexi Group
Oct 2, 20232 min read
French Prosecutors Investigate Financial Transactions Involving LVMH Owner and Russian Businessman
The Paris public prosecutor's office has confirmed that it is currently conducting an investigation into financial transactions involving...
577 views0 comments
Flexi Group
Sep 29, 20233 min read
Crypto Firms Lobby for Friendly Laws Amidst Budget Battles and Money Laundering Concerns
Cryptocurrency companies have descended upon Capitol Hill in a bid to advocate for legislation favorable to the industry. Executives from...
1,195 views0 comments
Flexi Group
Sep 29, 20231 min read
UBS Faces Critical Verdict: France's Top Court to Rule on Tax Evasion Appeal
France's highest court is set to deliver its verdict on November 15 regarding UBS's appeal against its conviction in a high-profile tax...
1,239 views0 comments
Flexi Group
Sep 28, 20232 min read
Binance Exits Russia Business, Sells to CommEX Amid Regulatory Scrutiny
Binance, the world's largest cryptocurrency exchange, has announced its exit from the Russian market by selling its business to CommEX, a...
751 views0 comments
Flexi Group
Sep 28, 20232 min read
Deloitte Colombia Agrees to $900,000 Settlement Over Audit Quality Control Lapses
Deloitte Colombia, an affiliate of the Big Four audit firm Deloitte, has reached a settlement with the Public Company Accounting...
597 views0 comments
Flexi Group
Sep 27, 20232 min read
EY Repays £15 Million to Santander UK Amid Dispute and Ends Contract
EY, the financial crime consultants for Santander UK, have reimbursed £15 million to the bank and no longer have an ongoing working...
601 views0 comments
Flexi Group
Sep 27, 20232 min read
BDO Settles with PCAOB, Faces $2 Million Penalty Over Audit Failures at AAC Holdings
Accounting firm BDO has agreed to a $2 million penalty as part of a settlement with the Public Company Accounting Oversight Board...
639 views0 comments
Flexi Group
Sep 27, 20237 min read
Unlocking the Potential of the UAE's Gaming Sector: Opportunities and Challenges
The United Arab Emirates (UAE), known for its opulent lifestyle, economic prowess, and thriving tourism industry, is poised to become a...
576 views0 comments
Flexi Group
Sep 26, 20238 min read
Megayachts in Legal Limbo: The Costly Conundrum of Seized Russian Assets
Falmouth, Harbor, Antigua and Barbuda—In a predawn operation last year, two dozen armed police officers and five FBI agents descended...
672 views0 comments
Flexi Group
Sep 26, 20232 min read
Western Companies Pursue De-Risking Strategies in China Amid Rising Geopolitical Tensions
Amidst escalating tensions between Western governments and China over trade and geopolitics, Western companies are actively pursuing...
746 views0 comments
Flexi Group
Sep 25, 20232 min read
FCA to Investigate Bank Account Closures Related to Gambling
The UK's Financial Conduct Authority (FCA) has indicated that its ongoing review of bank account access and closures will encompass...
577 views0 comments
Flexi Group
Sep 25, 20233 min read
Transparency and Materiality Assessments Crucial in ESG Reporting, Experts Say
Transparency in environmental, social, and governance (ESG) reporting has emerged as a critical objective, with materiality assessments...
573 views0 comments
Flexi Group
Sep 22, 20232 min read
Germany Takes Early Lead in Bid to Host Europe's AML Authority (AMLA)
In the heated competition among European Union capitals vying to host the new AML Authority (AMLA), Germany has surged ahead as a...
1,904 views0 comments
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