Countries are gradually blocking access to companies' beneficial ownership information
Several countries have already blocked public access to their Registers of Beneficial Ownership. What are Cyprus' next steps? Following...
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Flexi Group
- 6 days ago
- 3 min
Public beneficial ownership records are declared unconstitutional by the Court of Justice of the EU
In a major decision, the Court of Justice of the European Union declared today that the Fourth Anti-Money Laundering Directive's (4AMLD)...
370 views0 comments
Flexi Group
- 7 days ago
- 1 min
EU seeks 'exit tax' on sanctioned Russians' assets to squeeze Kremlin
European officials are considering imposing a "exit tax" on the assets and capital gains of sanctioned individuals leaving Russia....
89 views0 comments
Flexi Group
- Nov 21
- 2 min
Prison term of more than 11 years forElizabeth Holmes of Theranos
Elizabeth Holmes was given a prison term of more than 11 years. Elizabeth Holmes, the founder of Theranos, was found guilty of fraud...
106 views0 comments
Flexi Group
- Nov 18
- 2 min
Bulgaria, Romania, and Croatia are ready to join the Schengen Area, according to the EU Commission
Bulgaria, Croatia, and Romania are prepared to join the Schengen Area as full members, according to the European Union Commission, which...
95 views0 comments
Flexi Group
- Nov 17
- 2 min
UN: Russian invasion has given "new and emerging" organized crime businesses room to develop
According to the UN's Crime and Justice research branch, the Russian invasion of Ukraine earlier this year has allowed "new and emerging...
112 views0 comments
Flexi Group
- Nov 16
- 2 min
EU data regulators advise against downloading apps for the World Cup in Qatar
The heads of data protection in Europe have this message for football fans: Avoid downloading the World Cup apps from Qatar because they...
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Flexi Group
- Nov 14
- 2 min
Ex-Vatican Chief Auditor says he was fired for investigating financial irregularities of Holy See
After learning about financial irregularities at the Holy See, the former Chief Auditor of the Vatican earned the moniker...
147 views0 comments
Flexi Group
- Nov 11
- 2 min
As part of Ukraine sanctions, the UK has frozen £18 billion in Russian assets
The British government has frozen the assets of 120 Russian organisations and over 1,200 individuals. According to new numbers announced...
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Flexi Group
- Nov 10
- 2 min
German police raid UBS in an investigation concerning a Russian Oligarch
German police searched branches of the multinational lender UBS as part of a money laundering investigation into Russian oligarch Alisher...
111 views0 comments
Flexi Group
- Nov 8
- 3 min
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...
273 views0 comments
Flexi Group
- Nov 8
- 2 min
McGuinness: New instant payment regulations, will make sanctions screening "more efficient"
Mairead McGuinness, the European Commissioner for Financial Services, has pledged that the bloc's recently disclosed instant payment...
59 views0 comments
Flexi Group
- Nov 7
- 2 min
NS8's former CFO will serve five years in prison and forfeit $17.5 million for inventing revenue
The Department of Justice (DOJ) stated Thursday that a former chief executive of NS8, a business that prevents cyberfraud, has been...
96 views0 comments
Flexi Group
- Nov 4
- 2 min
Price of Dogecoin Falls as Twitter is Sued?
The news that Twitter is being sued for mass layoffs and meme coin rival Shiba Inu pushed caused the price of Dogecoin to drop by 7% in...
126 views0 comments
Flexi Group
- Nov 3
- 2 min
German Economic State Secretary: The country has "big plans" to combat "dirty money
Germany's State Secretary of the Ministry of Economic Affairs promised that the country has "big plans" to combat organized crime and...
111 views0 comments
Flexi Group
- Oct 31
- 4 min
Cyprus: A hub for technology companies
International technology firms are one of the sectors of the Cypriot economy that kept expanding both during the pandemic and under the...
134 views0 comments
Flexi Group
- Oct 26
- 7 min
Examining China's underground banking system
A 33-year-old Chinese national was detained in Teesside as part of a National Crime Agency investigation into a suspected Chinese...
90 views0 comments
Flexi Group
- Oct 25
- 3 min
France and Israel sign AML cooperation agreement, promising to exchange information
On the sidelines of the FATF Plenary in Paris last week, France and Israel signed a new AML cooperation agreement. The Memorandum of...
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Flexi Group
- Oct 24
- 2 min
Binance arrives in Cyprus with CySEC's approval
The Cyprus Securities and Exchange Commission has approved Binance, the largest crypto exchange, as a Crypto Asset Service Provider. Due...
25 views0 comments
Flexi Group
- Oct 21
- 2 min
Cases of money laundering reported to Eurojust have doubled in the previous six years
In the previous six years, the number of cross-border money laundering cases reported to the EU's judicial body Eurojust has doubled. In...
23 views0 comments