The demise of FTX should spur efforts to regulate cryptocurrency
The bankruptcy and fall of the digital asset exchange FTX provides stark examples of why regulations that are in place for traditional...
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Flexi Group
Nov 16, 20221 min read
Goldman Sachs spent over $12.5 million (€11.5 million) to settle sexist workplace allegations
A top executive at Goldman Sachs earned almost $12 million (€11.5 million) from her former employer due to charges of sexism in the...
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Flexi Group
Nov 16, 20223 min read
Germany completes building its first LNG import facility
The completion of the project in just 200 days alleviates fears of a gas shortage caused by a reduction in Russian supplies. Germany has...
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Flexi Group
Nov 15, 20221 min read
China would see a 145% increase in money laundering charges in 2022
The number of individuals punished in China for money laundering has increased by 142.5% since 2021. According to data issued by the...
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Flexi Group
Nov 14, 202210 min read
How North Korea developed into a leader in crypto-cyber crime
Axie Infinity, developed by a Vietnamese gaming studio, allows users to breed, trade, and battle cartoon monsters similar to Pokémon in...
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Flexi Group
Nov 11, 20223 min read
The Bahamas regulator has frozen FTX assets as the crypto exchange battles for survival
Investors describe Sam Bankman-frenzied Fried's race to secure up to $8 billion to save his company. The Bahamas securities commission...
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Flexi Group
Nov 10, 20222 min read
Famous Burgundy château was bought in money laundering plot
A Ukrainian fraudster is on trial in France for allegedly purchasing a gorgeous château in the heart of Burgundy wine country with...
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Flexi Group
Nov 9, 20222 min read
Spain Introduces a New Visa and Reduces Taxes for Foreign Startups and Digital Nomads
The Spanish Parliament has adopted the new law for start-ups and digital nomads, which limits who is qualified for this visa and foresees...
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Flexi Group
Nov 8, 20223 min read
Accountants in Cyprus leave PwC to keep clients with ties to Russia
To accept business from clients with Russian ties which the Big Four accounting firms are no longer considering, a group of PwC partners...
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Flexi Group
Nov 8, 20222 min read
Crown Melbourne fined AUD$120M (€77.6M) for gambling regulation "systemic failures"
Crown Casino in Melbourne was fined AUD$120 million (€77.6 million) for "systemic failures" in its social responsibility measures. The...
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Flexi Group
Nov 8, 20223 min read
Europe's addiction on Russian gas
Despite the demise of Nord Stream, EU imports of liquefied natural gas from Russia have surged by 46 percent this year. Since Vladimir...
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Flexi Group
Nov 7, 20222 min read
Deutsche Bank to be penalized if long-standing AML concerns are not resolved by the deadline of 2023
Deutsche Bank has been given until the middle of 2023 to improve its AML procedures, or else Germany's financial watchdog BaFin will...
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Flexi Group
Nov 7, 20221 min read
S&P raises Qatar's credit rating due to its declining debt load
S&P Ratings upgraded Qatar's long-term sovereign credit rating from "AA-" to "AA" on Friday, citing improvements in the country's fiscal...
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Flexi Group
Nov 4, 20221 min read
The US Federal Reserve boosts interest rates to their highest level in 15 years
The Federal Reserve has raised interest rates for the sixth time since March, making mortgages and other loans more expensive and...
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Flexi Group
Nov 2, 20223 min read
In 2022, more than 9,000 international corporate employees sought relocation to Cyprus
A successful government initiative to attract foreign expertise and digital nomads. Since the government's plan for luring firms and...
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Flexi Group
Nov 1, 20222 min read
South Africa inching closer to FATF watchlist
During a November 2019 site visit, the Financial Action Task Force (FATF) and the Eastern and Southern Africa Anti-Money Laundering Group...
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Flexi Group
Oct 31, 20222 min read
Singapore's upcoming 'first of its kind' AML data sharing network
A "first of its kind" AML data exchange platform for banks is about to go live in Singapore and will be operating as of next year. Six...
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Flexi Group
Oct 31, 20222 min read
Beijing's sanctioned EU lawmakers, will soon travel to Taiwan
Following the Chinese ruling party's top congress, a delegation of eight European lawmakers, two of whom have been sanctioned by Beijing,...
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Flexi Group
Oct 27, 20221 min read
Former JPMorgan compliance executive settles SOX whistleblower action with bank
A compliance officer who sued JPMorgan Chase on the grounds that she was terminated for reporting weaknesses in the bank's anti-money...
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Flexi Group
Oct 27, 20223 min read
Due to the cost of living problem, children are increasingly used as money mules
Due to the cost-of-living crisis, children as young as 14 are being employed by criminal gangs as "money mules." Police have noticed "a...
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