FLEXI GROUP

FLEXI GROUP Our collective experience spans the areas of global corporate and fiduciary structures.

Federal regulators have clarified that SAR confidentiality does not prevent banks and credit unions from discussing susp...
07/09/2026

Federal regulators have clarified that SAR confidentiality does not prevent banks and credit unions from discussing suspicious transactions, potential fraud and certain account restrictions with customers—as long as the existence of a Suspicious Activity Report is not disclosed.

Federal regulators have clarified that SAR confidentiality does not prevent banks and credit unions from discussing suspicious transactions, potential fraud and certain account restrictions with customers—as long as the existence of a Suspicious Activity Report is not disclosed.U.S. financial regu...

A former relationship manager at an international bank in Malaysia has been sentenced to seven years in prison and fined...
05/09/2026

A former relationship manager at an international bank in Malaysia has been sentenced to seven years in prison and fined RM40 million after admitting to a scheme that defrauded eight elderly customers of more than RM1.58 million and involved the laundering of the proceeds through third-party accounts.

A former relationship manager at an international bank in Malaysia has been sentenced to seven years in prison and fined RM40 million after admitting to a scheme that defrauded eight elderly customers of more than RM1.58 million and involved the laundering of the proceeds through third-party account...

Citibank's London branch has been fined £4.73 million by the UK's Office of Financial Sanctions Implementation (OFSI) af...
04/09/2026

Citibank's London branch has been fined £4.73 million by the UK's Office of Financial Sanctions Implementation (OFSI) after a regulatory investigation identified widespread failures that allowed hundreds of transactions involving sanctioned Russian entities and individuals to pass through the bank.

Citibank's London branch has been fined £4.73 million by the UK's Office of Financial Sanctions Implementation (OFSI) after a regulatory investigation identified widespread failures that allowed hundreds of transactions involving sanctioned Russian entities and individuals to pass through the bank....

US brokerage firm Moors & Cabot has been censured and fined $125,000 by the Financial Industry Regulatory Authority afte...
03/09/2026

US brokerage firm Moors & Cabot has been censured and fined $125,000 by the Financial Industry Regulatory Authority after regulators identified significant weaknesses in the firm's anti-money laundering programme, including shortcomings in transaction monitoring and the handling of alerts involving customer money movements.

US brokerage firm Moors & Cabot has been censured and fined $125,000 by the Financial Industry Regulatory Authority after regulators identified significant weaknesses in the firm's anti-money laundering programme, including shortcomings in transaction monitoring and the handling of alerts involving....

Finance ministers and central bank governors from the world's largest economies have gathered in Asheville, North Caroli...
02/09/2026

Finance ministers and central bank governors from the world's largest economies have gathered in Asheville, North Carolina, for discussions dominated by geopolitical tensions, trade disputes and efforts to address mounting global debt.

Finance ministers and central bank governors from the world's largest economies have gathered in Asheville, North Carolina, for discussions dominated by geopolitical tensions, trade disputes and efforts to address mounting global debt.The two-day meeting is taking place under the US presidency of th...

The United Arab Emirates has launched a special and urgent examination of Banque Misr's branches operating in the countr...
02/09/2026

The United Arab Emirates has launched a special and urgent examination of Banque Misr's branches operating in the country after US authorities raised concerns over transactions allegedly connected to Iranian shadow-banking networks.

The United Arab Emirates has launched a special and urgent examination of Banque Misr's branches operating in the country after US authorities raised concerns over transactions allegedly connected to Iranian shadow-banking networks.The UAE Central Bank announced that it would conduct a detailed fore...

The US Financial Crimes Enforcement Network has proposed cutting Banque Misr's UAE operations off from the US correspond...
01/09/2026

The US Financial Crimes Enforcement Network has proposed cutting Banque Misr's UAE operations off from the US correspondent banking system after identifying approximately $1.8 billion in transactions involving 103 companies that US authorities believe may form part of Iranian shadow-banking networks.

The US Financial Crimes Enforcement Network has proposed cutting Banque Misr's UAE operations off from the US correspondent banking system after identifying approximately $1.8 billion in transactions involving 103 companies that US authorities believe may form part of Iranian shadow-banking networks...

European investment firms with assets exceeding €30 billion could face a significantly different regulatory regime under...
01/09/2026

European investment firms with assets exceeding €30 billion could face a significantly different regulatory regime under new proposals being developed by the European Banking Authority, as regulators seek to clarify when large investment firms must transition into the banking framework.

European investment firms with assets exceeding €30 billion could face a significantly different regulatory regime under new proposals being developed by the European Banking Authority, as regulators seek to clarify when large investment firms must transition into the banking framework.The EBA has...

More than $5.2 million has been forfeited by ENEX Premium Trading Limited following a UK investigation into suspected mo...
31/08/2026

More than $5.2 million has been forfeited by ENEX Premium Trading Limited following a UK investigation into suspected money laundering and sanctions evasion, highlighting the growing use of civil recovery powers to target potentially illicit funds without requiring a criminal conviction.

More than $5.2 million has been forfeited by ENEX Premium Trading Limited following a UK investigation into suspected money laundering and sanctions evasion, highlighting the growing use of civil recovery powers to target potentially illicit funds without requiring a criminal conviction.The agricult...

The European Central Bank is advancing its plans to create an integrated European market for tokenised assets, with Exec...
29/08/2026

The European Central Bank is advancing its plans to create an integrated European market for tokenised assets, with Executive Board member Piero Cipollone warning that the emergence of fragmented digital platforms could worsen existing divisions across Europe’s capital markets.

The European Central Bank is advancing its plans to create an integrated European market for tokenised assets, with Executive Board member Piero Cipollone warning that the emergence of fragmented digital platforms could worsen existing divisions across Europe’s capital markets.Speaking on Wednesda...

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