New AML/CTF laws pass European parliament committees
Economic and Monetary Affairs and Civil Liberties, Justice, and Home Affairs committee MEPs passed three proposed laws to tighten EU...
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Flexi Group
Apr 3, 20232 min read
Uphold HQ fined $72,000 for violating OFAC sanctions
To resolve allegations made by the Treasury Department's Office of Foreign Assets Control (OFAC) that Uphold HQ processed sanctioned...
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Flexi Group
Mar 31, 20232 min read
Wells Fargo has been fined $98 million for facilitating sanctions breaches in Iran, Syria, and Sudan
Wells Fargo will pay nearly $98 million to resolve allegations that a subsidiary facilitated $532 million in prohibited transactions in...
943 views0 comments
Flexi Group
Mar 31, 20234 min read
UK to hire 475 fincrime investigators and spend £500 million on economic crime technology and PPPs
The long-awaited Economic Crime Plan from Britain was released on Thursday. It includes plans to hire 475 new fincrime...
1,083 views0 comments
Flexi Group
Mar 30, 20233 min read
Regs call SVB's collapse a "textbook case of mismanagement"
When examining the causes of Silicon Valley Bank's (SVB) and Signature Bank's collapses before lawmakers on Tuesday, banking regulators...
1,257 views0 comments
Flexi Group
Mar 30, 20233 min read
Amidst the global economic recovery, Premier Li Qiang presents China as the centre of growth
Chinese Premier Li Qiang promised new measures to re-connect the country's recovering economy with the rest of the world on Thursday...
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Flexi Group
Mar 29, 20232 min read
According to Russia, all oil exports impacted by the Western blockade have been diverted.
Despite a fall in oil and gas production this year, Russia has effectively rerouted all of its crude oil shipments that were impacted by...
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Flexi Group
Mar 29, 20231 min read
Yellen announces a global agreement with 20 countries to increase beneficial ownership disclosure
On Tuesday, US Treasury Secretary Janet Yellen launched a commitment between the US and more than 20 governments to establish a registry...
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Flexi Group
Mar 29, 20233 min read
Alibaba to divide the largest tech company in China into six units
The largest technology company in China, Alibaba Group Holding, will reorganize its expansive $257 billion empire as part of the largest...
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Flexi Group
Mar 28, 20232 min read
Ex-Binance chief compliance officer accused of helping CFTC rule violations
The Commodities Futures Trading Commission (CFTC) sued Binance and its founder with illegally running an exchange for digital assets....
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Flexi Group
Mar 28, 20233 min read
SVB deal calms broader markets, although banks are still troubled by default stress.
Large portions of Silicon Valley Bank's deposits and loans found buyers on Monday, which helped stabilize the fragile markets that had...
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Flexi Group
Mar 28, 20234 min read
Huawei is put on Belgian intelligence's watch list.
According to private documents obtained by the media and three people with knowledge of the situation, Belgium's intelligence service is...
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Flexi Group
Mar 27, 20232 min read
Fed explains Custodia Bank's exclusion from membership due to risk issues.
As part of the digital-first bank's application to join the Federal Reserve System, the Federal Reserve Board elaborated further on the...
560 views0 comments
Flexi Group
Mar 27, 20233 min read
In an effort to cover mainland China's demand, crypto groups are expanding in Hong Kong
Companies that deal in cryptocurrencies are swarming to Hong Kong in the hopes that the city's public drive to become a hub for digital...
365 views0 comments
Flexi Group
Mar 24, 20231 min read
32Red and Platinum Gaming are fined £7M by the UK Gambling Commission
Britain's Gambling Commission today penalised 32Red and Platinum Gaming with a €7.1M penalties for AML and other failures. The Commission...
1,081 views0 comments
Flexi Group
Mar 24, 20231 min read
Due to Ireland's non-membership in EPPO, EU crime gangs may relocate their operations there
A prominent MEP has cautioned that Ireland's exclusion from the European Public Prosecutors Office leaves it open to organized crime....
1,174 views0 comments
Flexi Group
Mar 23, 20232 min read
In a testimony before Congress, TikTok's CEO will boast data security initiatives.
The testimony of Chief Executive Shou Zi Chew before the House Committee on Energy and Commerce on Thursday may determine the future of...
331 views0 comments
Flexi Group
Mar 23, 20233 min read
US bondholders plan to sue Switzerland for $17 billion Credit Suisse's loss
As part of the bank's shotgun marriage with UBS, the Swiss government decided to write down $17 billion in Credit Suisse bonds....
380 views0 comments
Flexi Group
Mar 22, 20231 min read
EU's top prosecutor requests the creation of a specialized fincrime investigating team
Laura Kovesi, the top prosecutor in Europe, has proposed the formation of a select group of highly qualified financial crime and fraud...
488 views0 comments
Flexi Group
Mar 22, 20232 min read
Yellen claims that regulators may cover the deposits of other failing banks.
Treasury Secretary Janet Yellen stated on Tuesday that federal regulators are willing to provide mid-sized banks struggling to deal with...
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