European Commission - Laws to stop VASPs evading sanctions
Sanctioned Russians and their companies could use cryptocurrencies to evade international sanctions, according to EU finance ministers....
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Flexi Group
Mar 3, 20223 min read
As part of the EU sanctions crackdown, France and Germany seize Russian oligarchs' super yachts
According to Finance Minister Bruno Le Maire, a yacht belonging to Rosneft CEO Igor Sechin was seized by French customs as it attempted...
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Flexi Group
Mar 3, 20222 min read
Abramovich: Confirms sale of Chelsea - Money to the victims of Ukraine
In an official announcement, the Russian tycoon clarifies that he will not ask for the repayment of the loans, as well as the...
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Flexi Group
Mar 2, 20222 min read
Seven Moscow banks already on the SWIFT blacklist - EU Commission to add further Russian banks
VTB, Russia's second-largest bank, is among the lenders set to be cut off from Europe's Swift messaging network. The list was published...
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Flexi Group
Mar 2, 20221 min read
As Cyprus weighs the war's impact, Greece has now banned Russians from holding golden passports.
From February 28, Greece's Minister of Migration and Asylum has prohibited Russians from investing in the country by issuing residence...
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Flexi Group
Mar 2, 20221 min read
Sberbank is leaving the European market
Russia's largest bank, Sberbank, announces its exit from the European market. Sberbank, Russia's largest bank, stated today that it is...
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Flexi Group
Feb 28, 20221 min read
ECB: Due to deteriorating liquidity, European subsidiaries of Russian Sberbank are 'likely to fail'
Three European subsidiaries of Russia's largest bank, Sberbank, have been declared "failing" or "likely to fail" by the European Central...
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Flexi Group
Feb 25, 20222 min read
West responds to the invasion of Ukraine -sanctions will be imposed on Russia's largest banks
As the West responds to Russia's invasion of Ukraine, sanctions will be imposed on some of Russia's largest lenders. Sanctions against...
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Flexi Group
Feb 17, 20223 min read
Tier 1 golden visa scheme to be phased out in the United Kingdom
The UK government is expected to scrap fast-track residency through the so-called "golden visa" scheme due to pressure over the country's...
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Flexi Group
Feb 4, 20221 min read
Mother of all sanctions bill....
A Counter-Corruption Advisor to the United States Congress has taken to social media to describe the "mother of all sanctions bill" that...
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Flexi Group
Feb 4, 20221 min read
Maltese bank's bid to reclaim its license is rejected by the EU Court
The General Court of the European Union has dismissed a request by Malta-based Pilatus Bank plc to overturn the European Central Bank's...
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Flexi Group
Feb 4, 20222 min read
Jersey has established a bank failure authority in order to improve its international reputation.
The new Jersey Resolution Authority's (JRA) goal is reducing the impact of bank failure on the Island and ensuring the safety of public...
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Flexi Group
Feb 2, 20224 min read
British Citizenship; A Gift Given, A Gift Taken
Citizenship; Everyone’s birthright Citizenship is a status given, achieved, or acquired and it is attached with a set of rights, duties,...
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Flexi Group
Feb 2, 20222 min read
European Banking Authority introduces a central 'Amber List' database for AML– 'EuReCA' ...
The European Banking Authority has launched a central database for anti-money laundering and counter-terrorist financing (AML/CFT) that...
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Flexi Group
Feb 2, 20222 min read
According to MONEYVAL, Poland needs 'fundamental improvements' to improve its AML ...
MONEYVAL, the Council of Europe's anti-financial crime committee, has warned Poland that it needs to bulk up its regulatory framework and...
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Flexi Group
Feb 2, 20224 min read
EU Directive ATAD 3 proposes new minimum substance rules against the use of shell companies
On December 22, 2021, the European Commission published a proposal for a Directive “laying down rules to prevent the misuse of shell...
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Flexi Group
Jan 24, 20223 min read
Switzerland should view the global minimum tax as an opportunity
Global corporate tax expert Daniel Bunn argues that changing the income and property tax regime, not government subsidies, is a smart way...
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Flexi Group
Jan 21, 20223 min read
States should effectively apply corporate liability to money laundering offences: Warsaw Convention
The Conference of the Parties of the Council of Europe’s Warsaw Convention has called on its States parties to apply corporate liability...
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Flexi Group
Jan 20, 20222 min read
Why the European Union will ban cryptocurrency mining?
In a recent interview, Erik Thedéen, vice-president of the European Securities and Markets Authority, stated that bitcoin mining had...
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Flexi Group
Jan 19, 20221 min read
Europe and the US withdraw threats to cut off Russia from SWIFT payment system in case of invasion
Europe and the US withdraw threats to cut off Russia from SWIFT payment system in case of invasion to Ukraine. Threats to exclude Russia...
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