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🎯 US Senators claim Credit Suisse disregarded key records in Nazi-linked account probe. The Swiss lender didn't review all available records when it conducted an internal probe into the historical servicing of Nazi clients, according to an investigation published by US lawmakers. Reuters
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🌎 UK Launches FATF Travel Rule on Crypto. Starting September, UK's virtual asset service providers (VASPs) will need to comply with the FATF Travel Rule, which mandates the sharing of customer data during transfers to flag dubious transactions. Cointelegraph
🌎 The Ghost Fleet Helping Russia Evade Sanctions and Pursue Its War in Ukraine. Companies evade Western sanctions by operating outside the usual industry standards, often forgoing insurance with the P&I Clubs, the global networks that insure some 90% of the world’s commercial shipping. WSJ
🌎 Citi, CIMB Used by Accused in Singapore’s Laundering Scandal. Citigroup’s Singapore subsidiary and CIMB Group Holdings Bhd are among banks affected by a major money laundering case in the city-state involving $736 million of assets. Bloomberg
🌎 Citibank subpoenaed over US House probe into alleged data sharing with FBI. Panels in the Republican-led chamber are probing major banks over sharing Americans' private financial data with the FBI without legal process for transactions made in the Washington, D.C., area around Jan. 6, 2021. Reuters
🌎 Coinbase-Backed Group Loses Lawsuit Arguing Tornado Cash Sanctions Overstepped U.S. Treasury's Authority. The judge upheld the Treasury's designation of Tornado Cash, including its governing DAO, as a valid entity. CoinDesk
🌎 U.S. sanctions 4 Russian operatives for 2020 poisoning of Alexey Navalny. Three of the four worked with a specialized laboratory run by the Russian security service known as the FSB Criminalistics Institute. CBS News
🌎 Dollar’s Clout in Markets Confronts BRICS Joint Currency Idea. A plan by the BRICS group of emerging market nations to look at a joint currency has investment banks examining whether that’s any threat to the global dominance of the dollar. Bloomberg
🌎 US-China Solar Trade Probe Ruling to Reshape Billions in Trade. The Commerce Department is set to conclude that some Chinese solar manufacturers are evading tariffs by assembling equipment in other Asian nations before sending it to the US. Bloomberg
🌎 How Narco Traffickers Unleashed Violence and Chaos in Ecuador. An overcrowded, corrupt and poorly financed penal system has become a breeding ground for prison gangs that have formed alliances with powerful drug cartels from abroad. NY Times
🌎 Fed cracks down on bank with FTX ties. The Federal Reserve has slapped a cease-and desist order on a small, rural bank in Washington state with ties to FTX, the bankrupt cryptocurrency platform founded by the disgraced Sam Bankman-Fried. Axios
🌎 ‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to Proliferate. Europe is bracing for the possible influx of a drug that’s hooked the Middle East as political shifts and crackdowns in the Gulf spur producers in Syria and Lebanon to tap new markets. Bloomberg
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