German Police Conduct Mass Raids on Money Laundering Ring

The German police on Wednesday have conducted country-wide raids, following a chance discovery last year that led detectives to a money-laundering network suspected of funneling millions in ill-gotten gains abroad. Over a thousand police officers and special forces were deployed …

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Norway Wealth Fund Excludes Firms Affiliated with West Bank Israeli Settlements

Norway’s $1.3 trillion wealth fund has decided to exclude two companies associated with the Israeli settlements in the West Bank, in a statement Wednesday.  The Norges Bank has decided “to exclude the companies Shapir Engineering and Industry Ltd and Mivne …

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Venmo Adds Cryptocurrency Features

Paypal-owned online payment processing platform Venmo announced that it has added cryptocurrencies support which would allow users to buy, sell and hold cryptocurrencies. Venmo users will get to choose between Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Venmo users can also …

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Myanmar Junta Attempts to Withdraw $1B from New York Fed, Gets Blocked by U.S.

A US Government official claimed that Myanmar’s Military Junta attempted to withdraw $1B from the New York Fed but was blocked by the US government. According to Reuter’s report on the unnamed official’s testimony, the junta attempted to withdraw the …

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