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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: March 19, 2024

Written by FinCrimeMarch 19, 2024

Binance Asks Prime Brokers to Enhance KYC to Block U.S. Nationals: Bloomberg

Reported by Sam Reynolds Binance is asking its prime brokers to do enhanced Know Your Customer (KYC) work on clients to ensure that they aren’t serving U.S. nationals, according to a report from Bloomberg. Prime Brokers act as intermediaries between institutional investors and the market, offering services such as custody, trade execution, risk management, and lending […]

Written by FinCrimeMarch 19, 2024

Vladimir Putin’s gold strategy explains why sanctions against Russia have failed

Reported by Robert Huish, Dalhousie University How have 16,000 strategic sanctions issued by some of the most powerful economies in the world failed to derail Putin?  As I recently watched the news break on CBC about Russia’s robust economy, an advertisement from the World Gold Council popped onto the screen. And there was the answer, hiding in […]

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