U.K. Compliance Officers to Note Proposed Laws on Employee Rights and Minimum Wage
Compliance officers should pay attention to proposed laws in the U.K., as the newly elected Labour government outlined its legislative...
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Flexi Group
Jul 242 min read
Britain to Appoint Covid Corruption Tsar in Bid to Recover £3bn Lost to Fraud
Britain’s new government is set to appoint a commissioner to co-ordinate investigations into Covid contract fraud and recover...
292 views0 comments
Flexi Group
Jul 232 min read
Malta's FIU Chief Highlights Legal Constraints on Money Laundering Crackdown
Alfred Zammit, the director of Malta’s Financial Intelligence Analysis Unit (FIAU), has highlighted the agency's limitations in pursuing...
509 views0 comments
Flexi Group
Jul 232 min read
ECB Urges Revolut to Enhance Financial Crime Controls Following EU Operations Review
The European Central Bank (ECB) is pressing Revolut to bolster its financial crime controls following a comprehensive review of the...
290 views0 comments
Flexi Group
Jul 223 min read
U.K.'s New Labor Government Commits to Strengthening Audit Regulator and Corporate Governance
Within two weeks of taking office, the U.K.’s newly elected Labor government has confirmed its commitment to bolster the audit regulator...
523 views0 comments
Flexi Group
Jul 223 min read
Australian Tax Advisers Challenge New Ethical Obligations Imposed by Assistant Treasurer
New requirements for advisers to inform clients of any relevant matters that might impact their relationship have sparked concerns among...
483 views0 comments
Flexi Group
Jul 192 min read
Ursula von der Leyen Pledges to Double Europol's Size to Combat Financial Crime
Ursula von der Leyen, re-elected as European Commission President on Thursday, has announced her intention to double the size of Europol...
2,182 views0 comments
Flexi Group
Jul 192 min read
Gentiva Agrees to $19.4 Million Settlement Over Alleged Kickbacks and Fraudulent Claims
A multi-state hospice home health provider, Kindred at Home, now known as Gentiva, has agreed to pay $19.4 million to settle allegations...
2,467 views0 comments
Flexi Group
Jul 181 min read
Poland's Antitrust Authority Fines PayPal Europe $27.3 Million for Unclear Contractual Clauses
Poland’s antitrust and consumer protection watchdog, UOKiK, has imposed a fine of 106.6 million zlotys ($27.3 million) on PayPal Europe...
591 views0 comments
Flexi Group
Jul 182 min read
Guardant Health Agrees to $945,000 Settlement Over False Claims Act and Stark Law Violations
Guardant Health, a cancer testing company based in California, has agreed to pay more than $945,000 to settle allegations by the...
593 views0 comments
Flexi Group
Jul 172 min read
SymphonyAI Gears Up for Public Listing in 2024, Says CEO Sanjay Dhawan
SymphonyAI, a U.S.-based artificial intelligence company renowned for its applications in fincrime and fraud detection, is preparing for...
837 views0 comments
Flexi Group
Jul 172 min read
Nearly Half of Financial Institutions Struggle to Recruit Qualified AML Staff, PwC Survey Finds
A survey conducted by PwC reveals that nearly half of financial institutions are encountering difficulties in recruiting staff who are...
690 views0 comments
Flexi Group
Jul 162 min read
FinCEN Updates Alert on Israeli Extremists Funding Violence in the West Bank
The Treasury Department’s Financial Crimes Enforcement Network (FinCEN) has updated an alert originally issued in February, cautioning...
643 views0 comments
Flexi Group
Jul 162 min read
European Commission Warns X, Formerly Twitter, of Potential DSA Violations
The European Commission has notified X, formerly known as Twitter, that it may be the first company found in violation of the European...
610 views0 comments
Flexi Group
Jul 152 min read
Nordea Faces $1 Billion Penalty in Landmark Danish AML Case
Nordea’s entanglement with Danish prosecutors could leave the Finnish bank with a $1 billion headache, it’s predicted. Prosecutors last...
630 views0 comments
Flexi Group
Jul 153 min read
Morale Plummets at Firms Amid Redundancies and Efforts to Silence Departing Staff
It’s been a trying time for staff at firms with redundancies, affecting morale as layoffs mount amid an effort to silence dissent in the...
632 views0 comments
Flexi Group
Jul 152 min read
UK Tax Agency Loses Tribunal Case Against Software Company Over R&D Tax Relief
The UK tax agency, HM Revenue and Customs (HMRC), has lost a case at the First-Tier Tribunal against the software company Get Onbord Ltd...
644 views0 comments
Flexi Group
Jul 122 min read
Paxful Co-Founder Faces Charges for AML Violations Under Bank Secrecy Act
Artur Schaback, the co-founder and former CTO of the crypto peer-to-peer network Paxful, is facing charges for violating the anti-money...
737 views0 comments
Flexi Group
Jul 122 min read
Australian Real Estate Sector Fears AML Controls are "Taking a Sledgehammer to a Walnut"
Australian real estate agents have expressed concerns that the introduction of new anti-money laundering (AML) controls in their sector...
484 views0 comments
Flexi Group
Jul 122 min read
Luxembourg Regulator Fines BGL BNP Paribas €3 Million for AML Violations
A subsidiary of BNP Paribas has been fined €3 million by Luxembourg’s financial regulator, the CSSF (Commission de Surveillance du...
751 views0 comments
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