Reported by Qianer Liu and Eleanor Olcott in Hong Kong, and Tim Bradshaw in London As the US sought to constrain China’s AI development, the Biden administration blocked sales of the A100 and H100 GPUs in October 2022. In response, Nvidia developed two alternative models for China, the A800 and H800, which fell below the […]
Reported by Rachael Rajan The trial of six former Danske Bank employees commenced today at Harju County Court, marking the start of what is expected to be a detailed examination of one of the largest money laundering cases in Europe. The defendants stand accused of operating a professional money laundering scheme within the bank between […]
Reported by Allegra Catelli, Bloomberg News Swiss police sent a tip-sheet to several banks and asset managers on how to spot suspicious payments directed to Hamas. Such payments are “often carried out under the guise of fundraising campaigns for humanitarian aid,” the police says in a letter cited by public broadcaster SRF. The request to […]
Reported by SHARRI MARKSON Australians have been donating tens of thousands of dollars to an aid organisation in Gaza that’s been accused of funnelling the money to a hardline Islamic terrorist group. Sky News can reveal the charity founded by the Australia Palestine Advocacy Network president Nasser Mashni is sending money to a Gaza-based health […]
Reported by Tanasia Kenney Citibank will pay millions to rectify accusations that it “purposefully discriminated” against Armenian Americans applying for its credit cards. The New York-based bank was hit with a $25.9 million fine after federal officials said it singled out applicants “based on the spelling of their last name,” according to the U.S. Consumer Financial […]
Reported by Sam Lyman Following Hamas’ attack, a report emerged with estimates that the terrorist organization had raised more than $130 million in cryptocurrency to fund its war against Israel. Senator Elizabeth Warren—the self-appointed generalissima of the “anti-crypto army”—latched onto this eye-popping figure to conscript 104 of her congressional colleagues to sign a letter to the White House urging […]
Reported by ISABEL OAKESHOTT Israeli and United States intelligence agencies believe Iran funnels up to $100 million a year to Hamas — but what about the hundreds of millions sent to Gaza by the U.N.? Funded primarily by the U.S. and the European Union, the U.N. Relief and Works Agency (UNRWA) effectively underpins Hamas in Gaza, […]
Reported by Tim Wu When President Biden signed his sweeping executive order on artificial intelligence last week, he joked about the strange experience of watching a “deep fake” of himself, saying, “When the hell did I say that?” The anecdote was significant, for it linked the executive order to an actual A.I. harm that everyone […]
Reported by Max Daly The way many organised crime gangs launder their cash has become so hard to trace that following the money “gets you absolutely nowhere”, according to the UK’s National Crime Agency. When they are not using major high street banks as giant drug cash laundromats, organised crime groups such as drug traffickers are increasingly […]
Financial Crime News Briefs 