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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: April 13, 2024

Written by FinCrimeApril 13, 2024April 13, 2024

Iran and Russia are evading oil sanctions. Here’s how to stop them.

Reported by Albert Torres After the Oct. 7 attacks on Israel by Iran-backed Hamas, the Biden administration proudly touted its retaliatory crackdown on Iran’s oil revenue. Since 2023, however, Iran has made billions of dollars from its oil industry, using U.S. services and evading U.S. sanctions. And it’s not alone. The methods used to avoid detection and […]

Written by FinCrimeApril 13, 2024April 13, 2024

Russian Metal Hit With Sanctions as US Blocks Deliveries to LME

Reported by Daniel Flatley and Jack Farchy The US and UK imposed new restrictions on trading Russian aluminum, copper and nickel that will reverberate across global metal markets, in the latest bid to curb President Vladimir Putin’s ability to fund his war machine. The rules prohibit delivery of new supplies from Russia to the London Metal Exchange […]

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