According to a Senate Committee, Credit Suisse broke the US tax evasion agreement.
By continuing to assist extremely affluent Americans in tax evasion and hiding more than $700 million from the government, Credit Suisse...
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Flexi Group
- 20 hours ago
- 3 min
Regs call SVB's collapse a "textbook case of mismanagement"
When examining the causes of Silicon Valley Bank's (SVB) and Signature Bank's collapses before lawmakers on Tuesday, banking regulators...
240 views0 comments
Flexi Group
- 2 days ago
- 1 min
Yellen announces a global agreement with 20 countries to increase beneficial ownership disclosure
On Tuesday, US Treasury Secretary Janet Yellen launched a commitment between the US and more than 20 governments to establish a registry...
316 views0 comments
Flexi Group
- 2 days ago
- 2 min
A financial prosecutor is looking into tax fraud and money laundering at five French banks
Five bank headquarters in Paris were being searched by France's financial prosecutor as part of an international investigation into tax...
301 views0 comments
Flexi Group
- 3 days ago
- 2 min
Ex-Binance chief compliance officer accused of helping CFTC rule violations
The Commodities Futures Trading Commission (CFTC) sued Binance and its founder with illegally running an exchange for digital assets....
514 views0 comments
Flexi Group
- 3 days ago
- 3 min
SVB deal calms broader markets, although banks are still troubled by default stress.
Large portions of Silicon Valley Bank's deposits and loans found buyers on Monday, which helped stabilize the fragile markets that had...
477 views0 comments
Flexi Group
- 3 days ago
- 4 min
Huawei is put on Belgian intelligence's watch list.
According to private documents obtained by the media and three people with knowledge of the situation, Belgium's intelligence service is...
624 views0 comments
Flexi Group
- 4 days ago
- 2 min
Fed explains Custodia Bank's exclusion from membership due to risk issues.
As part of the digital-first bank's application to join the Federal Reserve System, the Federal Reserve Board elaborated further on the...
411 views0 comments
Flexi Group
- 7 days ago
- 1 min
Due to Ireland's non-membership in EPPO, EU crime gangs may relocate their operations there
A prominent MEP has cautioned that Ireland's exclusion from the European Public Prosecutors Office leaves it open to organized crime....
1,174 views0 comments
Flexi Group
- 7 days ago
- 4 min
Best strategies to ensure your firm’s compliance resiliency
What is compliance resiliency, and why is it crucial for your organization to have it? Examples from recent enforcement show how...
1,335 views0 comments
Flexi Group
- Mar 23
- 2 min
In a testimony before Congress, TikTok's CEO will boast data security initiatives.
The testimony of Chief Executive Shou Zi Chew before the House Committee on Energy and Commerce on Thursday may determine the future of...
330 views0 comments
Flexi Group
- Mar 22
- 1 min
EU's top prosecutor requests the creation of a specialized fincrime investigating team
Laura Kovesi, the top prosecutor in Europe, has proposed the formation of a select group of highly qualified financial crime and fraud...
488 views0 comments
Flexi Group
- Mar 21
- 4 min
As doomed Credit Suisse gets swallowed by UBS, Switzerland is placed in shadow.
With a state-backed rescue of its smaller rival Credit Suisse, a risky bet that increases the Swiss economy's dependence on a single...
428 views0 comments
Flexi Group
- Mar 20
- 3 min
Amgen lawsuit and Amazon hearing
More facts of the European Commission's state assistance investigation against Amazon have emerged, while Amgen is being sued by a...
337 views0 comments
Flexi Group
- Mar 20
- 1 min
Dubai and Gibraltar added to the EU's list of high risk third countries
The list of high risk third countries that the EU has designated now includes Dubai and Gibraltar. The official designations were...
466 views0 comments
Flexi Group
- Mar 20
- 1 min
Australian regulator recognizes PayPal unit's commitment to comply with money laundering regulations
Australia's financial crime regulator announced on Friday that it has accepted an enforceable commitment from PayPal Holdings' local...
298 views0 comments
Flexi Group
- Mar 20
- 5 min
UBS to buy Credit Suisse bank for €3 billion
In a move arranged by authorities to avert further market-shaking instability in the global banking system, banking giant UBS is...
489 views0 comments
Flexi Group
- Mar 17
- 2 min
Ex-Wells Fargo executive fined $17M for participation in fraud involving fake accounts
The Office of the Comptroller of the Currency (OCC) imposed a $17 million fine on the former head of Wells Fargo's community bank for her...
1,251 views0 comments
Flexi Group
- Mar 17
- 4 min
ChipMixer laundromat was used by North Korean hackers and Russian military intelligence
North Korean hackers and Russian military agents were linked to the cryptocurrency "laundromat" taken down this week by US and European...
1,182 views0 comments
Flexi Group
- Mar 16
- 4 min
Accounting and reporting difficulties associated with environmental credits
Businesses all across the world are developing strategies to reduce their carbon footprint. Environmental credits have increased in...
444 views0 comments
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