ECB Revokes Banque Havilland’s Banking Licence Amid AML Failures
Banque Havilland, a prominent Luxembourg-based private bank, has confirmed that its banking licence has been revoked by the European...
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Flexi Group
Aug 62 min read
Ugandan Diplomats Under Investigation for Operating Illegal Casino in Dubai Consulate
Uganda’s foreign spy agency is investigating how diplomats representing the East African country in the United Arab Emirates managed to...
1,086 views0 comments
Flexi Group
Aug 53 min read
Global Data Breach Costs Hit Record High, AI Offers Relief: IBM Report
The global average cost of a data breach has reached an all-time high for the second consecutive year, but companies can mitigate the...
605 views0 comments
Flexi Group
Aug 54 min read
DOJ Unveils Corporate Whistleblower Awards Pilot Program Targeting Uncovered Corporate Crimes
The Department of Justice (DOJ) has unveiled the details of its highly anticipated corporate whistleblower awards pilot program, aimed at...
582 views0 comments
Flexi Group
Aug 22 min read
Meta Settles with Texas for $1.4 Billion Over Unauthorized Biometric Data Use
Meta, the company formerly known as Facebook, has agreed to pay $1.4 billion to the state of Texas to settle allegations involving the...
1 view0 comments
Flexi Group
Aug 22 min read
Banque Havilland to Close Operations in Switzerland and Liechtenstein Amid ECB Licence Revocation
Banque Havilland, a prominent private bank based in Luxembourg, is set to shut down its operations in Switzerland and Liechtenstein...
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Flexi Group
Aug 11 min read
Dutch Regulator Reprimands Holland Casinos for Inadequate AML Controls
Holland Casinos, the state-owned gambling chain in the Netherlands, has been reprimanded by the Dutch gaming regulator,...
3,625 views0 comments
Flexi Group
Aug 12 min read
Band Hatton Button Fined £46,000 for AML Regulation Breaches
Coventry-based law firm Band Hatton Button (BHB) has been fined just over £46,000 for non-compliance with Anti-Money Laundering (AML)...
3,556 views0 comments
Flexi Group
Jul 313 min read
Treasury Official Criticizes Florida ‘Anti-Woke’ Law for Undermining AML/CFT Compliance
A Treasury Department official has voiced strong concerns that Florida’s new “anti-woke” banking law, along with similar laws in other...
624 views0 comments
Flexi Group
Jul 312 min read
State Street Bank to Pay $7.5 Million Fine for Sanctions Violations by Subsidiary
State Street Bank & Trust Co. has agreed to pay a $7.5 million fine to settle allegations from the Treasury Department’s Office of...
396 views0 comments
Flexi Group
Jul 302 min read
SEC Awards $37 Million to Whistleblower Amidst Retaliation Claims
The Securities and Exchange Commission (SEC) has announced its second $37 million whistleblower award in as many weeks, with four...
4 views0 comments
Flexi Group
Jul 303 min read
CPPA Deputy Director of Enforcement Reveals Active Investigations and Future Plans
The enforcement division of the California Privacy Protection Agency (CPPA) is actively investigating over ten businesses suspected of...
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Flexi Group
Jul 292 min read
Banque Havilland Faces Loss of Key Banking Licence Amid AML Concerns
Banque Havilland, a well-known private bank based in Luxembourg, is on the brink of losing a critical banking license, as reported by...
7 views0 comments
Flexi Group
Jul 292 min read
ECB Urges European Banks to Enhance Cybersecurity Measures Following Extensive Stress Test
The European Central Bank (ECB) has called for banks across Europe to bolster their defences against cyber attacks in light of a recent...
3 views0 comments
Flexi Group
Jul 293 min read
Yellen Announces Initiative with Amazon Basin Governments to Combat Illicit Nature Crimes
U.S. Treasury Secretary Janet Yellen has unveiled a new initiative in collaboration with Amazon basin governments aimed at disrupting...
129 views0 comments
Flexi Group
Jul 262 min read
Revolut Secures UK Banking Licence After Three-Year Regulatory Hurdle, Eyes Expansion
Revolut, one of Europe’s leading fintech firms, has secured a UK banking licence after a protracted three-year regulatory battle. The...
2,115 views0 comments
Flexi Group
Jul 262 min read
MONEYVAL Report Bolsters Jersey’s Reputation Against Illicit Finance Claims, Says Minister
Ian Gorst, Jersey’s Minister for External Relations and Financial Services, asserts that the latest MONEYVAL evaluation should dispel...
2,345 views0 comments
Flexi Group
Jul 262 min read
CFPB Warns Against Intimidating Potential Whistleblowers with Broad NDAs
The Consumer Financial Protection Bureau (CFPB) has issued a warning to companies against using broad nondisclosure agreements (NDAs) to...
1,175 views0 comments
Flexi Group
Jul 252 min read
OFAC Requires Reporting of Russian Sovereign Assets by August 2 Under New REPO for Ukrainians Act
Financial institutions holding Russian sovereign assets must report them to the Treasury Department’s Office of Foreign Assets Control...
473 views0 comments
Flexi Group
Jul 252 min read
Luxembourg Transfer Pricing Association Inaugurated to Address TP Challenges
The Luxembourg Transfer Pricing Association (LTPA) announced its incorporation on July 11, marking a pivotal moment for the transfer...
343 views0 comments
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