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The forced takeover of Can Holding by Turkish authorities has revealed one of the most striking cases of alleged financi...
16/09/2025

The forced takeover of Can Holding by Turkish authorities has revealed one of the most striking cases of alleged financial crime in recent memory. The conglomerate, which held assets across media, education, finance, and energy, is accused of laundering huge volumes of illicit money through a deliberately engineered web of companies. The scandal has rattled investor confidence and cast a spotlight on the dangers of weak oversight, politically influenced ownership transfers, and gaps in financial regulation. For anti-money laundering professionals worldwide, the affair illustrates how illicit finance can infiltrate respected industries, distort competition, and consolidate political influence.

The forced takeover of Can Holding by Turkish authorities has revealed one of the most striking cases of alleged financial crime in recent memory. The conglomerate, which held assets across media, education, finance, and energy, is accused of laundering huge volumes of illicit money through a delibe...

Corporate income tax (CIT) rate reductions are slowing, with wide disparities in revenue shares from the tax continuing ...
16/09/2025

Corporate income tax (CIT) rate reductions are slowing, with wide disparities in revenue shares from the tax continuing to mark differences across jurisdictions, according to a new OECD report released today, September 11, 2024.

Corporate income tax (CIT) rate reductions are slowing, with wide disparities in revenue shares from the tax continuing to mark differences across jurisdictions, according to a new OECD report released today, September 11, 2024.The report, Tax Policy Reforms 2025 – OECD and Selected Partner Econom...

Europe is preparing to modernize its borders with a major digital upgrade.
15/09/2025

Europe is preparing to modernize its borders with a major digital upgrade.

Europe is preparing to modernize its borders with a major digital upgrade. Beginning October 12, 2025, the European Commission will progressively roll out the Entry/Exit System (EES), a new database that replaces the long-standing practice of stamping passports for short-stay, non-EU visitors at Sch...

The European Central Bank (ECB) announced today that it will keep its three key interest rates unchanged, citing a broad...
13/09/2025

The European Central Bank (ECB) announced today that it will keep its three key interest rates unchanged, citing a broadly stable inflation outlook close to its target.

The European Central Bank (ECB) announced today that it will keep its three key interest rates unchanged, citing a broadly stable inflation outlook close to its target. “Inflation is currently at around the 2 per cent medium-term target and the Governing Council’s assessment of the inflation out...

https://www.flexi-news.com/post/roman-abramovich-loses-eu-court-battle-against-sanctionsRussian billionaire Roman Abramo...
12/09/2025

https://www.flexi-news.com/post/roman-abramovich-loses-eu-court-battle-against-sanctionsRussian billionaire Roman Abramovich suffered a legal setback on Wednesday after the European Union’s second-highest court rejected his challenge against sanctions imposed in the wake of Russia’s war on Ukraine.

Russian billionaire Roman Abramovich suffered a legal setback on Wednesday after the European Union’s second-highest court rejected his challenge against sanctions imposed in the wake of Russia’s war on Ukraine. The EU blacklisted the former Chelsea Football Club owner in 2022, shortly after Mos...

htFitch Ratings has revised its global economic outlook, lifting its 2025 growth forecast to 2.4 per cent, a 0.2 percent...
12/09/2025

htFitch Ratings has revised its global economic outlook, lifting its 2025 growth forecast to 2.4 per cent, a 0.2 percentage point improvement compared with its June projection.

Fitch Ratings has revised its global economic outlook, lifting its 2025 growth forecast to 2.4 per cent, a 0.2 percentage point improvement compared with its June projection. The credit rating agency said the upgrade reflects stronger-than-expected second-quarter data this year, even as warning sign...

A Belgian nonprofit set up to showcase Japanese art has become the focal point of a revived investigation that connects ...
11/09/2025

A Belgian nonprofit set up to showcase Japanese art has become the focal point of a revived investigation that connects Russian oligarch Oleg Deripaska to former European Commissioner Didier Reynders.

A Belgian nonprofit set up to showcase Japanese art has become the focal point of a revived investigation that connects Russian oligarch Oleg Deripaska to former European Commissioner Didier Reynders. Behind the façade of cultural philanthropy, prosecutors believe they may be uncovering a sophistic...

https://www.flexi-news.com/post/cyprus-tax-reform-sparks-mixed-reactions-from-business-communityAs the public consultati...
11/09/2025

https://www.flexi-news.com/post/cyprus-tax-reform-sparks-mixed-reactions-from-business-communityAs the public consultation on Cyprus’ forthcoming tax reform concludes today, two of the country’s leading business bodies—the Cyprus Chamber of Commerce and Industry (Keve) and the Institute of Certified Public Accountants of Cyprus (Selk)—have expressed sharply contrasting views, offering both endorsement and criticism of the government’s plans.

As the public consultation on Cyprus’ forthcoming tax reform concludes today, two of the country’s leading business bodies—the Cyprus Chamber of Commerce and Industry (Keve) and the Institute of Certified Public Accountants of Cyprus (Selk)—have expressed sharply contrasting views, offering ...

Russian billionaire Roman Abramovich, a figure long associated with immense wealth and political influence, is once agai...
10/09/2025

Russian billionaire Roman Abramovich, a figure long associated with immense wealth and political influence, is once again at the center of an international financial crime probe.

Russian billionaire Roman Abramovich, a figure long associated with immense wealth and political influence, is once again at the center of an international financial crime probe. Authorities in Jersey have launched a sweeping investigation into suspected money laundering and sanctions violations, fo...

Europe has officially taken the mantle as the weakest smartphone market in the world, after shipments across the region—...
09/09/2025

Europe has officially taken the mantle as the weakest smartphone market in the world, after shipments across the region—excluding Russia—fell by 9 per cent year-on-year to just 28.7 million units in the second quarter of 2025, according to new figures from Canalys.

Europe has officially taken the mantle as the weakest smartphone market in the world, after shipments across the region—excluding Russia—fell by 9 per cent year-on-year to just 28.7 million units in the second quarter of 2025, according to new figures from Canalys. Analysts pointed to restrained...

AUSTRAC’s Operation Bolton has laid bare the mechanics of how organised crime syndicates in Victoria are converting illi...
08/09/2025

AUSTRAC’s Operation Bolton has laid bare the mechanics of how organised crime syndicates in Victoria are converting illicit to***co profits into immense illicit cash flows, fuelling violence and other serious offences.

AUSTRAC’s Operation Bolton has laid bare the mechanics of how organised crime syndicates in Victoria are converting illicit to***co profits into immense illicit cash flows, fuelling violence and other serious offences. The investigation has demonstrated with stark clarity how criminal groups explo...

The Cyprus Securities and Exchange Commission (CySEC) has announced the dissolution and liquidation of Wanterfell Invest...
06/09/2025

The Cyprus Securities and Exchange Commission (CySEC) has announced the dissolution and liquidation of Wanterfell Investment AIFLNP V.C.I.C. Ltd following the complete redemption of all its units.

The Cyprus Securities and Exchange Commission (CySEC) has announced the dissolution and liquidation of Wanterfell Investment AIFLNP V.C.I.C. Ltd following the complete redemption of all its units.The fund, which operated as an Alternative Investment Fund with a Limited Number of Persons (AIFLNP) und...

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