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How Chinese shadow banks are used by Italian drug gangs to conceal payments
According to judicial and law enforcement authorities, drug cartels operating in Italy are increasingly exploiting shadow networks of...
Apr 7, 20236 min read
Famous "Genesis Market," which offered digital identities for sale online, has been shut down
The "Genesis Market," which Europol called "one of the most dangerous marketplaces selling stolen account credentials to hackers...
Apr 6, 20233 min read
Countries disagree on the UN's role in taxes.
While European countries and the US caution against parallel work to the OECD's two-pillar model, African countries support the UN...
Apr 5, 20232 min read
German audit watchdog bans EY due to Wirecard work
Due to shortcomings in its work for the defunct payments business Wirecard, EY has been prohibited from accepting any new listed audit...
Apr 4, 20233 min read
Court decision found FIAU's fines uncostitutional - Concern's over Malta's ability to implement AML
This week's Malta court decision has prompted questions about the island's capacity to impose penalties for AML violations. It comes...
Apr 3, 20233 min read
Following the storm of American bankruptcies, European banks are under "an unexpected stress test"
Europe has so far generally applauded itself for preventing further banking sector contagion in the wake of Silicon Valley Bank (SVB),...
Mar 31, 20233 min read
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...
Mar 30, 20233 min read
Cyprus Tax Facts 2023
In order to help you think through your tax planning and your compliance responsibilities to the Cyprus Tax Department for the year 2023,...
Mar 29, 20231 min read
Israel erupted as Netanyahu was forced to retreat, leaving it "injured and hurting."
With a combination of skill and ruthlessness, Benjamin Netanyahu has controlled Israeli politics for nearly 20 years, outmaneuvering his...
Mar 28, 20234 min read
In order to raise money for Ukraine, the EU considers investing frozen Russian state assets.
According to a document, the European Commission anticipates earning returns of about 2.6% from investing assets belonging to the Russian...
Mar 27, 20233 min read
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...
Mar 24, 20234 min read
Global mobility's tax challenges
40% of large international companies still lack clear tax and payroll standards to address the issue, despite the growing phenomenon of...
Mar 23, 20234 min read
Cyprus's banking system, according to the Central Bank, is strong
On Monday, the Central Bank of Cyprus informed President Nicos Christodoulides that the financial system in Cyprus is resilient and will...
Mar 22, 20232 min read
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...
Mar 21, 20234 min read
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...
Mar 20, 20235 min read
Despite banking turmoil, the ECB rises rates as expected
In spite of the financial market chaos and investor calls to pause policy tightening at least until sentiment stabilizes, the European...
Mar 17, 20233 min read
German and US police take down a crypto money laundering operation that washed €44M in dirty money
A major money-laundering scheme with a cryptocurrency mixer at its core was reportedly brought down by police today, according to reports...
Mar 16, 20232 min read
Following the SVB failure, Britain is reviewing plans for "Edinburgh" light regulation.
Britain's intentions to re-introduce light touch regulation was being reassessed this week in light of the SVB collapse. To make the UK...
Mar 15, 20232 min read
Damage control by regulators in the wake of SVB and Signature Bank collapses
The failure of two banks with a combined $264 billion in deposits sparked action over the weekend from the White House, the Department of...
Mar 14, 20233 min read
What led to the failure of Silicon Valley Bank?
Friday's shutdown and takeover of SVB Financial Group Inc. (SIVB.O) by banking regulators might be attributed to the US Federal Reserve...
Mar 13, 20232 min read
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