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Financial Crime News Briefs

Snapshots of money laundering, insider trading, financial fraud, sanctions evasion, regulations, and AI technology developments for educational purposes only.

Day: October 21, 2022

Written by FinCrimeOctober 21, 2022

‘The key is the cash’: How Russian and Venezuelan oligarchs dodge U.S. sanctions to smuggle oil and launder millions

Reported by: JOSHUA GOODMAN and the Associated Press It was a deal that brought together oligarchs from some of America’s top adversaries. “The key is the cash,” the oil broker wrote in a text message, offering a deep discount on Venezuelan crude shipments to an associate who claimed to be fronting for the owner of […]

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