Policymakers and experts: lidar maker Hesai and others listed as Chinese military entities are rebranding and using US-domiciled businesses to evade sanctions
Heather Somerville / Wall Street Journal : X: @jamesofphillips , @jchengwsj , @danjames357 , and @chinabeigebook LinkedIn: Gordon Friedrich and Fred Huh Forums: r/MVIS and Slashdot X: @jamesofphillip...
A US official says the OFAC is investigating several US and foreign companies for shipments of chips with military applications that ultimately end up in Russia
- US, EU increasingly concerned about Russian sanctions evasion — US analyzing data from over 600 distributors selling to Russia
Sources: the US and UK are reviewing $20B+ in Tether transactions made via Moscow-based crypto exchange Garantex, as part of a crackdown on sanctions evasion
The EU Council and Parliament reach a provisional deal on the Anti-Money Laundering Regulation, which will force all crypto companies to run user due diligence
🚫Prohibition of cash payments over €10,000 — 🆔Prohibition of anonymous cash payments over €3,000 — https://www.consilium.europa.eu/ ... This #waroncash is going to take its toll! #negativeinteres...
How Moscow-based crypto exchange Garantex became a major money laundering channel for cybercriminals and terrorist groups like the Palestinian Islamic Jihad
Garantex customers in Russia can deposit cash in rubles and then receive the equivalent in cryptocurrency, which can then be withdrawn abroad in a foreign currency, effectively disguising the origin o...
The SEC sues Binance and CEO Changpeng Zhao, accusing the company of mishandling billions in customer funds, lying to regulators and investors, and more
Can Pence stand with — and apart — from Trump? Tyler Pearson / DL News : Crypto traders lose $320m in Binance-driven plunge, judge allows bankrupt Genesis mediation extension Christian Encila / NewsBT...
London-based Seon, which helps fintech firms tackle online fraud, raises $94M led by IVP to develop tools for preventing sanctions evasion by Russia
Ryan Browne / CNBC :
Experts say Russia could use cryptocurrency tools to lessen the impact of US sanctions, including a forthcoming digital ruble and spoils from ransomware attacks
or Russia Allison Morrow / CNN : Financial sanctions are easier than ever for Russians to evade. Thank Bitcoin Jessica Sier / Australian Financial Review : Russia could use crypto to evade sanctions B...