Council of Europe issues a scathing report on Monaco's ability to fight ML and TF
MONEYVAL, the AML/CFT supervisor for the Council of Europe, gave Monaco a harsh assessment of its capacity to combat financial crime...
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Flexi Group
Jan 23, 20232 min read
Nexo pays a $45 million fine to the SEC for failing to register a lending product.
Nexo Capital Inc. has agreed to pay $45M in fines to resolve allegations that the cryptocurrency company failed to register its crypto...
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Flexi Group
Jan 20, 20232 min read
WhatsApp was penalized $5.9M for GDPR violations related to legal processing.
The Irish Data Protection Commission (DPC) on Thursday announced a fine of 5.5 million euros (U.S. $5.9 million) against WhatsApp for...
754 views0 comments
Flexi Group
Jan 19, 20232 min read
Qatargate : Arrest of a former MEP's tax accountant on suspicion of money laundering
The tax consultant of a former MEP at the center of a cash-for-influence corruption scandal in the European Parliament has been detained...
1,092 views0 comments
Flexi Group
Jan 19, 20236 min read
FinCEN shuts down Bitzlato, a €700 million cryptocurrency "dirty money safe haven," in France.
Bitzlato's co-founder and majority shareholder was detained for allegedly handling €700 million in illicit funds. Bitzlato is a...
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Flexi Group
Jan 18, 20233 min read
Executives want to cut costs but not workforce size or salaries
According to the results of a global CEO survey released by PwC Cyprus on Tuesday, the majority of chief executive officers predict that...
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Flexi Group
Jan 18, 20232 min read
Costs for reporting beneficial ownership in Year 1 are estimated by FinCEN at $22.7 billion
In its first year, the requirements of the agency's beneficial ownership register are expected to cost reporting corporations a total of...
130 views0 comments
Flexi Group
Jan 17, 20233 min read
Genesis and Gemini have been charged by the SEC for not registering a crypto lending product.
The Securities and Exchange Commission (SEC) has charged Genesis Global Capital and Gemini Trust Company, two cryptocurrency companies,...
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Flexi Group
Jan 17, 20232 min read
Since Brexit, the number of people giving up their UK citizenship has increased
According to data obtained, the number of people who have decided to give up their UK citizenship has increased since the country decided...
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Flexi Group
Jan 16, 20233 min read
FQM is embroiled in a tax dispute in Panama
This week, First Quantum Minerals is in a dispute with the Panamanian government over royalties and corporate tax, while Samsung India is...
105 views0 comments
Flexi Group
Jan 16, 20232 min read
As the broad cryptocurrency rally continues, Bitcoin retakes the lead at $20,000.
With bitcoin now trading above $20,000 for the first time since the FTX meltdown in early November, Bitcoin's (BTC) 2023 climb is still...
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Flexi Group
Jan 13, 20232 min read
GT Bank is mandated by FCA to pay $9.36M for "reckless" AML flaws.
Guaranty Trust Bank was fined £7.67 million ($9.36 million) by the Financial Conduct Authority (FCA) for major weaknesses in its...
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Flexi Group
Jan 13, 20232 min read
Binance registers in Sweden and is required to give watchdog details about its AML procedures.
The under-fire cryptocurrency exchange Binance has been registered as a financial institution in Sweden, according to the country's...
115 views0 comments
Flexi Group
Jan 12, 20231 min read
UK watchdog fines Al Rayan Bank for failing to implement money laundering controls
Al Rayan Bank plc was fined 4 million pounds ($4.85 million) by Britain's banking watchdog on Wednesday for failing to implement...
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Flexi Group
Jan 11, 20239 min read
The 'Qatargate' committee of the EU
All roads lead to the European Parliament's sub-committee on human rights in a broad criminal inquiry. Maria Arena accuses her secretary....
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Flexi Group
Jan 11, 20238 min read
How Germany became the biggest Big Tech trust-buster in Europe
Patrick Andrae is an entrepreneur, thus he demands speedy results. Thus, the co-founder and CEO of Berlin-based vacation rental company...
161 views0 comments
Flexi Group
Jan 11, 20232 min read
Portugal: Golden Visa Investment Rises by 42%
The amount of money invested in Portugal through golden visas in 2022 was €654.2 million, a 41.9 percent rise from the prior year. A...
211 views0 comments
Flexi Group
Jan 10, 20232 min read
A member of the ECB board wants crypto to be covered by gambling laws
Fabio Panetta, a board member of the European Central Bank (ECB), has advocated for regulators to approach the trading of unbacked...
160 views0 comments
Flexi Group
Jan 10, 20233 min read
McDonald's avoids SEC penalties for false claims about its fired CEO
The Securities and Exchange Commission (SEC) has determined that McDonald's broke the law when it partially withheld information that was...
132 views0 comments
Flexi Group
Jan 10, 20233 min read
Cyprus must confront the difficulties of the energy transition to prosper
In spite of being a necessary and ambitious goal, the energy transition, which primarily refers to the switch from fossil fuels to...
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