The Australian government accused Star Casino of breaking AML rules
AUSTRAC has filed a federal court complaint against Star Casinos for allegedly violating anti-money-laundering (AML) rules. The gambling...
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Flexi Group
Dec 1, 20222 min read
Julius Baer subsidiary receives a $21.5M fine for bribery
In order to resolve allegations made by the Financial Conduct Authority (FCA) that Julius Baer International (JBI), a U.K.-based...
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Flexi Group
Nov 30, 20221 min read
The Isle of Man will remain on 'increased follow-up' as the MONEYVAL study uncovers new flaws
The MONEYVAL committee of the Council of Europe today urged for the Isle of Man's internal control measures to be expanded. The Isle of...
63 views0 comments
Flexi Group
Nov 30, 20222 min read
The CJEU's judgement on beneficial ownership has given a setback to anti-money laundering operations
Determining the real owner of a company may become more difficult after Europe's highest court found that automatic access to beneficial...
59 views0 comments
Flexi Group
Nov 30, 20221 min read
China's improvements in AML/CFT shortcomings - the country is still under "enhanced follow up"
Following improvements made in addressing technical compliance issues, the Financial Action Task Force (FATF) today upgraded China's...
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Flexi Group
Nov 29, 20223 min read
Europe's imports of Russian gas transported by sea reach a record high
The increase in LNG shipments coincides with a dramatic decline in the fuel's pipeline flows Europe is receiving a record amount of...
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Flexi Group
Nov 29, 20222 min read
Citi to address unresolved data management issues after FDIC's order
Federal banking regulators claim that Citigroup has successfully addressed significant compliance issues discovered as part of a 2020...
72 views0 comments
Flexi Group
Nov 28, 20223 min read
African nations have won a battle to pave the path for global tax reforms
Tax fairness proponents hailed the resolution as a "historic victory" in the effort to wrest control of global tax policymaking from the...
78 views0 comments
Flexi Group
Nov 28, 20222 min read
Belgium's incinerators struggle to eradicate Antwerp port's industrial cocaine
Belgian incinerators are unable to keep up with the industrial quantities of cocaine confiscated at the port of Antwerp. Currently, there...
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Flexi Group
Nov 25, 20222 min read
Some EU nations remove public beneficial ownership records after ECJ judgement
The aftermath of Tuesday's major ruling by the Court of Justice of the European Union over public beneficial ownership databases has...
109 views0 comments
Flexi Group
Nov 24, 202212 min read
How the United States forced Huawei to leave Europe
The world's largest telecom company in China is scaling back its operations in Europe, displacing its seasoned Western lobbyists, and...
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Flexi Group
Nov 24, 20222 min read
Unit of Goldman Sachs fined $4 million for ESG investment mistakes
In order to resolve allegations that it did not adhere to its own policies and procedures with regard to three investment products that...
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Flexi Group
Nov 24, 20223 min read
Credit Suisse anticipates a loss of $1.6 billion as rich customers withdraw assets
Bank lost approximately $89 billion during the fourth quarter, including 10% of wealth management assets. Credit Suisse has projected a...
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Flexi Group
Nov 23, 20222 min read
KPMG has been barred from auditing in Abu Dhabi as it selects a new regional leader
Emilio Pera was appointed Lower Gulf CEO of a Big Four corporation after months of divisional turmoil. KPMG is unable to gain new audit...
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Flexi Group
Nov 23, 20223 min read
Interpol Arrest Warrant issued Isabel Dos Santos, an Angolan Billionaire
According to sources, Isabel dos Santos, a billionaire from Angola, has been the subject of an Interpol arrest warrant. Dos Santos, the...
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Flexi Group
Nov 23, 20222 min read
Hungary only freezes €3,000 worth of Russian assets- Belgium, Luxembourg, and Italy lead the way
When it comes to freezing Russian assets, some EU countries are moving faster than others. According to recent data, Belgium leads the...
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Flexi Group
Nov 22, 20222 min read
Poland declines to issue Russian officials visas to attend the OSCE meeting on December 1-2.
For the purpose of attending an OSCE (Organisation for Security and Co-operation in Europe) summit scheduled to take place in the Polish...
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Flexi Group
Nov 22, 20223 min read
Ex-BP trader's failed whistleblower petition to raise reporting bar in the U.K.
The decision by a U.K. employment tribunal that a former BP employee was not entitled to whistleblower protection has shed light on the...
42 views0 comments
Flexi Group
Nov 18, 20221 min read
CEO of FTX blames ex-girlfriend for the demise and loss of $32BN
CEO Sam Bankman-Fried of the beleaguered cryptocurrency exchange FTX has laid the failure of the business at the feet of his...
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Flexi Group
Nov 17, 20223 min read
Genesis Trading, a crypto broker, suspends withdrawals from the lending unit
Genesis Trading has stopped accepting withdrawals at its loan division, blaming the "unprecedented market turmoil" brought on by Sam...
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