Russia's Central Bank Governor Refutes Objective Reasons for Potential FATF Blacklisting
Elvira Nabiullina, the Governor of Russia's Central Bank, addressed concerns today regarding the potential inclusion of Russia on the...
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Flexi Group
Jun 21, 20232 min read
MONEYVAL Urges EU Countries to Strengthen Confiscation of Criminal Assets
EU countries have been cautioned by the Council of Europe's expert group MONEYVAL that they are not doing enough to confiscate criminal...
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Flexi Group
Jun 21, 20232 min read
Brazil Implements Overhaul of Transfer Pricing Rules, Embracing OECD Standards
Brazil has recently completed its legislative process to adopt transfer pricing rules based on the Organization for Economic Cooperation...
642 views0 comments
Flexi Group
Jun 21, 20233 min read
Asia Retains Title as Most Expensive Region to Live in, Singapore Tops the List
According to the latest Global Wealth and Lifestyle report by Julius Baer, Asia remains the most expensive region to live in, with...
661 views0 comments
Flexi Group
Jun 20, 20232 min read
Swiss Electorate Overwhelmingly Votes in Favor of OECD's Minimum Corporate Tax Rate
In a decisive national plebiscite held on June 18, the Swiss electorate voted in favor of adopting the OECD's pillar two framework for a...
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Flexi Group
Jun 20, 20232 min read
Chinese Banks Reduce Benchmark Interest Rates, but Doubts Remain about Their Impact
Chinese banks have lowered benchmark interest rates on loans to households and businesses as part of efforts to revive the country's...
275 views0 comments
Flexi Group
Jun 20, 20232 min read
The Shift Away from the Dollar: Exploring De-Dollarization and its Implications
De-dollarization, the gradual shift away from using the US dollar in international transactions, has been a topic of discussion among...
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Flexi Group
Jun 19, 20232 min read
EU Introduces Carbon Border Adjustment Mechanism (CBAM) for Imports
The European Union (EU) is taking steps to address the impact of carbon emissions from imports outside its jurisdiction. The European...
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Flexi Group
Jun 19, 20233 min read
Emerging Risks in Payment Institutions: AML Concerns Highlighted by European Banking Authority
The European Banking Authority (EBA) has conducted a money laundering assessment of payment institutions and identified three main...
626 views0 comments
Flexi Group
Jun 16, 20232 min read
Spotify Faces $5.4 Million Fine from Swedish DPA Over Data Access Handling
Swedish music streaming service Spotify has been hit with a fine of 58 million Swedish krona (equivalent to around $5.4 million) by...
1,146 views0 comments
Flexi Group
Jun 16, 20233 min read
Mitigating Third-Party Cybersecurity Risks After Ransomware Attack on UK Corporations
A recent ransomware attack targeting several major UK corporations has once again highlighted the significant risks organizations face...
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Flexi Group
Jun 15, 20233 min read
Russia Explores Powers to Seize Western Assets and Restrict Exits - Concerns over Nationalization
Russia is taking steps to adopt powers that would allow it to seize assets of western companies and impose restrictions on their exit...
567 views0 comments
Flexi Group
Jun 15, 20232 min read
Lack of Oversight at Nutanix Results in $11 Million Software Misuse and Legal Challenges
Cloud computing company Nutanix has faced significant consequences due to a lack of oversight of its employees handling vendor software,...
819 views0 comments
Flexi Group
Jun 14, 20232 min read
UK Suspends 75% Windfall Tax on North Sea Oil and Gas Projects Amid Falling Energy Prices
The British government has announced changes to its windfall tax project, suspending the 75% marginal tax rate on revenues from oil and...
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Flexi Group
Jun 14, 20233 min read
EU Funds Huawei for Sensitive Research Projects Amidst Security Concerns
The European Union (EU) has allocated funding to Huawei, a Chinese technology group, to conduct advanced research on next-generation...
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Flexi Group
Jun 13, 20231 min read
CCO of Defunct Pharmacy Holding Company Found Guilty in Medicare fraud
Steven King, the chief compliance officer of A1C Holdings, a now-defunct pharmacy holding company, has been convicted of conspiracy to...
1,080 views0 comments
Flexi Group
Jun 13, 20232 min read
Australian Pension Funds Freeze Contracts with PwC Australia Following Tax Leaks Scandal
Several major Australian pension funds, representing over A$750 billion in savings, have decided to freeze contracts with PwC Australia...
892 views0 comments
Flexi Group
Jun 12, 20233 min read
Qatargate: Unveiling a Cash-for-Influence Scandal Shaking the European Union
In December of last year, Belgian police conducted a raid on top political figures in a scandal known as Qatargate, which exposed a web...
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Flexi Group
Jun 12, 20232 min read
Authorities Conduct Raids on French Banks in Tax Fraud Investigation
French prosecutors have confirmed that raids were carried out on Tuesday at the Paris offices of five banks as part of ongoing...
531 views0 comments
Flexi Group
Jun 9, 20232 min read
AstroBank Launches Program to Support First-Time Homebuyers with Frozen Base Interest Rate
AstroBank, a Cypriot lender, has unveiled a new initiative aimed at assisting vulnerable borrowers by freezing the base interest rate for...
1,799 views0 comments
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