Russian crude oil is being diverted to the UAE as a result of sanctions
According to ship monitoring data and trading sources, the United Arab Emirates has started taking more cargoes of Russian crude oil,...
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Flexi Group
Mar 7, 20232 min read
A ransomware gang that made €10M from 37 cyber attacks has been smashed
German authorities confirmed today that a ransomware group responsible for the historic attack on a Dusseldorf hospital has been smashed...
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Flexi Group
Mar 7, 20233 min read
DOJ establishes new criteria for compliance in criminal investigations
The Department of Justice (DOJ) revealed modifications to its evaluation criteria for corporate compliance programs in criminal...
350 views0 comments
Flexi Group
Mar 6, 20231 min read
In January, deposits and loans in the Cypriot banking system dropped
According to a study released this week by the Central Bank of Cyprus, deposits and loans in Cyprus fell net in January 2023. (CBC)....
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Flexi Group
Mar 6, 20234 min read
Privacy Shield replacement on schedule, but obstacles persist
Since the most recent mechanism to ensure "safe" data transfers between the European Union and the United States was revoked, businesses...
472 views0 comments
Flexi Group
Mar 3, 20232 min read
Cyprus is one of the top 10 retirement destinations in the world
According to a research released on Wednesday by one of the UK's major life insurance brokers, Reassured, Cyprus is among the top ten...
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Flexi Group
Mar 3, 20232 min read
Europe's Public Prosecutor targets sanctions evasion networks
The European Public Prosecutors Office (EPPO) is preparing to go after gangs that are evading sanctions in order to supply Russia's war...
602 views0 comments
Flexi Group
Mar 3, 20232 min read
US senators: Binance dodged regulators and moved criminals' assets and sanctions evaders on purpose
Three senators from the United States have requested details about Binance's regulatory compliance and finances. The senators claim that...
727 views0 comments
Flexi Group
Mar 2, 20232 min read
Visa and Mastercard halt crypto push amidst industry breakdown
Visa (V.N) and Mastercard (MA.N) are halting efforts to develop new relationships with crypto firms after a series of high-profile...
305 views0 comments
Flexi Group
Mar 2, 20232 min read
Credit Suisse 'seriously breached' its responsibility to Greensill
According to Switzerland's Financial Market Supervisory Authority, poor risk management by Credit Suisse's asset management company kept...
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Flexi Group
Mar 1, 20232 min read
AMLA will have access to a dynamic registry of all EU bank accounts to expedite freezing orders, acc
The new AML Authority (AMLA) would have access to a dynamic register of all EU bank accounts, allowing suspicious accounts to be frozen...
374 views0 comments
Flexi Group
Mar 1, 20232 min read
Swiss regulator investigating 12 banks in corruption scandal involving a Lebanese central banker
Switzerland's financial regulator announced on Monday that it has begun enforcement actions against two banks in connection with...
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Flexi Group
Mar 1, 20235 min read
The UK and Brazil’s double tax treaty
Brazil's new treaty reflects an effort to harmonise tax legislation with OECD standards, say local lawyers Allan Fallet and Ariene Reis,...
380 views0 comments
Flexi Group
Feb 28, 20234 min read
What Nigeria and South Africa must do now to remove themselves from the FATF's watchlist
Nigeria and South Africa have been added to the Financial Action Task Force's so-called "grey list." Although chastised for focusing on...
287 views0 comments
Flexi Group
Feb 28, 20234 min read
Data privacy best practices for managing the evolving U.S. landscape
This year, consumer privacy regulations are scheduled to go into force in five states in the United States. The passage of legislation in...
302 views0 comments
Flexi Group
Feb 24, 20232 min read
New York regulators block the $1 billion Binance US Voyager deal
According to court filings, the US Securities and Exchange Commission and New York's top financial regulator have challenged Binance US's...
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Flexi Group
Feb 24, 20231 min read
FATF may add up to two MEA countries to its "grey list" this week
Today, there were rumors that up to two MEA countries could join FATF's "grey list". The Financial Action Task Force is holding a...
1,163 views0 comments
Flexi Group
Feb 23, 20232 min read
Hong Kong plans to implement a global business tax by 2024
The Hong Kong SAR budget for 2023-24 includes tax measures such as a patent box and one-time cuts to help the COVID-19 economic rebound....
1,327 views0 comments
Flexi Group
Feb 23, 20232 min read
Italy Has Europe's Strongest Passport, Making Travel Easy for Its Residents
Not Germany's or Finland's, but Italy's passport is the most powerful in Europe and the third most powerful in the world, trailing only...
433 views0 comments
Flexi Group
Feb 22, 20232 min read
Pillars of cybersecurity: prevention, protection, mitigation, and governance
During a panel discussion at Compliance Week's virtual Cyber Risk & Data Privacy Summit, the former superintendent of the New York State...
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