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Nairobi’s bustling streets are now echoing with more than just the rhythm of daily life; they resonate with the hum of B...
26/11/2025

Nairobi’s bustling streets are now echoing with more than just the rhythm of daily life; they resonate with the hum of Bitcoin adoption, as “Bankless Bitcoin” ATMs appear in popular shopping centers. These machines represent more than a technological advance—they are a lifeline for many, enabling cash-to-crypto conversion in spaces traditionally dominated by conventional banking. Yet, beneath this surge in accessibility lies a stark reality: regulatory uncertainty threatens to undermine the compliance and integrity of Kenya’s growing cryptocurrency ecosystem.

Nairobi’s bustling streets are now echoing with more than just the rhythm of daily life; they resonate with the hum of Bitcoin adoption, as “Bankless Bitcoin” ATMs appear in popular shopping centers. These machines represent more than a technological advance—they are a lifeline for many, ena...

The UK National Crime Agency has revealed how Russian intelligence services funneled funds to a convicted espionage netw...
25/11/2025

The UK National Crime Agency has revealed how Russian intelligence services funneled funds to a convicted espionage network via a cash-to-crypto laundering operation run by businesswoman Ekaterina Zhdanova, who sought to bankroll former Wirecard executive Jan Marsalek’s spy ring. This disclosure connects billion-dollar laundering networks to geopolitics, organized crime, and state-sponsored activity across at least 28 towns and cities in the United Kingdom. According to Bloomberg, nearly a year after dismantling two Russian laundromats that moved billions globally, the NCA disclosed that Zhdanova’s “Smart” network was used by individuals linked to Russian intelligence to fund six Bulgarian nationals now serving sentences of up to 10 years for espionage.

The UK National Crime Agency has revealed how Russian intelligence services funneled funds to a convicted espionage network via a cash-to-crypto laundering operation run by businesswoman Ekaterina Zhdanova, who sought to bankroll former Wirecard executive Jan Marsalek’s spy ring. This disclosure c...

The Republic of Cyprus registered a double vote of confidence in the resilience of its economy this week, as both Moody’...
25/11/2025

The Republic of Cyprus registered a double vote of confidence in the resilience of its economy this week, as both Moody’s and Fitch upheld the country’s investment-grade standing—while Fitch went a step further by shifting Cyprus’ outlook to “positive.” In a written statement, Finance Minister Makis Keravnos emphasized that these decisions reflect “the international houses' confidence in the government's fiscal performance and prudent economic policy.”

The Republic of Cyprus registered a double vote of confidence in the resilience of its economy this week, as both Moody’s and Fitch upheld the country’s investment-grade standing—while Fitch went a step further by shifting Cyprus’ outlook to “positive.” In a written statement, Finance Mi...

https://www.flexi-news.com/post/nca-exposes-billion-dollar-russian-linked-laundering-network-running-cash-to-crypto-pipe...
24/11/2025

https://www.flexi-news.com/post/nca-exposes-billion-dollar-russian-linked-laundering-network-running-cash-to-crypto-pipeline-acrossA vast criminal ecosystem worth billions has been revealed by the National Crime Agency (NCA), which uncovered a sophisticated cash-to-crypto infrastructure operating across at least twenty-eight towns and cities throughout the UK. According to investigators, this network transformed profits from drug trafficking, fi****ms supply, and organised immigration crime into cryptocurrency before funnelling it into a Kyrgyz financial institution acquired specifically for sanctions evasion. Intelligence assessed by the NCA indicates that money channelled through this mechanism ultimately bolstered entities associated with Russia’s military industrial base, effectively making the operation an active financial facilitator of the war in Ukraine. A number of key figures—including Ekaterina Zhdanova, George Rossi and Elena Chirkinyan—were instrumental in linking UK street-level offending to state-aligned financial activity abroad, demonstrating how domestic criminality can merge with geopolitical objectives when managed by professional launderers.

A vast criminal ecosystem worth billions has been revealed by the National Crime Agency (NCA), which uncovered a sophisticated cash-to-crypto infrastructure operating across at least twenty-eight towns and cities throughout the UK. According to investigators, this network transformed profits from dr...

The cryptocurrency market’s dramatic downturn accelerated on Wednesday, with Bitcoin sliding to a seven-month low and pu...
22/11/2025

The cryptocurrency market’s dramatic downturn accelerated on Wednesday, with Bitcoin sliding to a seven-month low and pushing total losses across digital assets beyond the $1 trillion mark.

The cryptocurrency market’s dramatic downturn accelerated on Wednesday, with Bitcoin sliding to a seven-month low and pushing total losses across digital assets beyond the $1 trillion mark. The world’s largest cryptocurrency dropped to $88,522, inflicting fresh pain on investors ranging from ret...

A sprawling fraud scheme targeting a federal healthcare program and the layered laundering of its illicit proceeds has r...
21/11/2025

A sprawling fraud scheme targeting a federal healthcare program and the layered laundering of its illicit proceeds has revealed a major compliance vulnerability in the sector. The case, involving individuals in California, centered on the submission of false claims to a national medical benefits program and the subsequent movement of the funds through complex structures, illustrating how criminal actors exploit healthcare systems to generate and conceal illicit profits.

A sprawling fraud scheme targeting a federal healthcare program and the layered laundering of its illicit proceeds has revealed a major compliance vulnerability in the sector. The case, involving individuals in California, centered on the submission of false claims to a national medical benefits pro...

Brussels is considering another round of restrictive actions aimed at those enabling Russia’s so-called “shadow fleet” t...
21/11/2025

Brussels is considering another round of restrictive actions aimed at those enabling Russia’s so-called “shadow fleet” to move oil, as the bloc intensifies efforts to curb Moscow’s capacity to fund its war in Ukraine.

Brussels is considering another round of restrictive actions aimed at those enabling Russia’s so-called “shadow fleet” to move oil, as the bloc intensifies efforts to curb Moscow’s capacity to fund its war in Ukraine. Sources say EU foreign ministers, gathering in Brussels on Thursday, will ...

A prolonged pattern of failures in anti-money-laundering controls has led the ACPR to impose a €250,000 penalty and issu...
20/11/2025

A prolonged pattern of failures in anti-money-laundering controls has led the ACPR to impose a €250,000 penalty and issue a public reprimand against Banque Chaabi du Maroc, also operating under the name Banque Populaire du Maroc. Inspectors found entrenched deficiencies throughout the bank’s risk-management setup, customer oversight, alert treatment, and internal supervision. The case illustrates how long-standing AML shortcomings, left uncorrected despite warnings and multiple remediation efforts, can accumulate into systemic failures. It also shows how flaws in surveillance tools, client classification, and reporting processes magnify exposure to laundering risks, particularly within institutions managing heavy remittance activity.

A prolonged pattern of failures in anti-money-laundering controls has led the ACPR to impose a €250,000 penalty and issue a public reprimand against Banque Chaabi du Maroc, also operating under the name Banque Populaire du Maroc. Inspectors found entrenched deficiencies throughout the bank’s ris...

US prosecutors have opened an investigation into a cluster of telecom companies after BlackRock’s private credit unit, H...
20/11/2025

US prosecutors have opened an investigation into a cluster of telecom companies after BlackRock’s private credit unit, HPS Investment Partners, claimed it lent hundreds of millions of dollars against receivables that appear to be fabricated. The Department of Justice is examining entities connected to Bankim Brahmbhatt, a relatively low-profile executive behind a series of companies that borrowed substantial sums from one of the largest players in private credit, according to sources familiar with the matter.

US prosecutors have opened an investigation into a cluster of telecom companies after BlackRock’s private credit unit, HPS Investment Partners, claimed it lent hundreds of millions of dollars against receivables that appear to be fabricated. The Department of Justice is examining entities connecte...

A Detroit man has been sentenced for covertly channeling cryptocurrency to the ISIS terror organization, a scheme that l...
19/11/2025

A Detroit man has been sentenced for covertly channeling cryptocurrency to the ISIS terror organization, a scheme that laid bare how digital assets can serve as concealed pipelines for extremist financing. The case illustrates how a lone actor can sidestep conventional controls by blending encrypted technologies, anonymous communications, and privacy-driven transaction tools that hinder AML visibility across the digital financial landscape.

A Detroit man has been sentenced for covertly channeling cryptocurrency to the ISIS terror organization, a scheme that laid bare how digital assets can serve as concealed pipelines for extremist financing. The case illustrates how a lone actor can sidestep conventional controls by blending encrypted...

VFS Global has cautioned UAE travellers against relying on the widespread belief that applying for a Schengen visa throu...
19/11/2025

VFS Global has cautioned UAE travellers against relying on the widespread belief that applying for a Schengen visa through smaller countries such as Luxembourg or Malta guarantees quicker approval.

VFS Global has cautioned UAE travellers against relying on the widespread belief that applying for a Schengen visa through smaller countries such as Luxembourg or Malta guarantees quicker approval. According to Monaz Billimoria, VFS Global’s UAE Regional Director, this assumption is incorrect — ...

India’s financial crime enforcement authority announced on Thursday that it has taken into custody Manoj Gaur, the forme...
18/11/2025

India’s financial crime enforcement authority announced on Thursday that it has taken into custody Manoj Gaur, the former chairman of Jaypee Infratech, over allegations that he diverted funds collected from thousands of home buyers. The company, once a prominent name in India’s real estate and infrastructure sectors, had been responsible for major housing developments in Noida as well as construction of the Yamuna Expressway, the 165-kilometre (100-mile) roadway that links Noida with Agra. Those residential projects have since been transferred to Suraksha Group.

India’s financial crime enforcement authority announced on Thursday that it has taken into custody Manoj Gaur, the former chairman of Jaypee Infratech, over allegations that he diverted funds collected from thousands of home buyers. The company, once a prominent name in India’s real estate and i...

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