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🎯 Citi Fined £62 Million After UK Trader Triggered Flash Crash. The Wall Street giant’s systems were poorly designed and its real-time monitoring was “ineffective.” Bloomberg
Top Stories
🌎 The U.S. National Illicit Finance Strategy. Sorry, Treasury, some of us actually read what you wrote. Illicit Edge
🌎 China takes measures against 12 U.S. military-linked firms. The action follows U.S. "indiscriminately imposing unlawful unilateral sanctions on Chinese entities..." Reuters
🌎 Flight attendant, bank employees charged in Chicago drug trafficking operation. Zapata possessed a "known crew member" badge and moved the cash proceeds from the Midwest to the southern U.S. and into Mexico. Fox
🌎 Gold’s Latest Allure? It’s Sanctions-Proof. Buying from central banks, particularly from China, can keep the gold rally going even if anxious individual investors don’t jump in. WSJ
🌎 Despite Putin’s Boasts, U.S. Sanctions Threat Cuts Vital Chinese Exports to Russia. While Russia mainly exports raw materials to China, the bulk of what goes in the other direction is electronics, equipment and machinery. MT
🌎 PwC faces crisis in China over audit of failed property giant Evergrande. Role in approving accounts has led to infighting at Big Four firm as clients reconsider relationship. FT
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