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Search resuls for: "Alex Zerden"


3 mentions found


Who's funding Hamas?
  + stars: | 2023-10-22 | by ( Katherine Tangalakis-Lippert | ) www.businessinsider.com   time to read: +7 min
AdvertisementAdvertisementFor Iran, Levitt said, funding Hamas ultimately offers a financially and politically inexpensive way to undermine Israel's stability and increase the pressure against their adversaries while maintaining an air of deniability regarding its involvement. Both Asal and Levitt told Insider the funds from that transaction had little to do with the latest escalation in the conflict between Hamas and Israel. As with many terrorist organizations that control swaths of land or trade routes, Hamas gets funding through taxation, extortion, smuggling, kidnapping, and robbery, Asal told Insider. Money laundering and cryptoTo move all its money around, Levitt said, Hamas relies largely on cryptocurrency transactions and trade-based money laundering to avoid being easily tracked. "And that also allows Hamas to divert money from providing for its people to support its war machine."
Persons: , Victor Asal, France —, Matthew Levitt, they're, Levitt, Biden, Asal, Reinhard, it's, Alex Zerden Organizations: Hamas, International, Service, European Union, Israel, Center for Policy Research, University of Albany, State University of New, US Treasury, Department, Land Foundation for Relief, Development, Federal Bureau of, Washington Institute for Near East, State Department, US, Street Locations: Gaza, United States, State University of New York, Switzerland, Austria, Lebanon, France, Iran, Israel, Egypt, Qatar, East, North Africa
Global Financial Watchdog Suspends Russia’s Membership
  + stars: | 2023-02-24 | by ( Mengqi Sun | ) www.wsj.com   time to read: +4 min
A global financial watchdog, in an unprecedented move, suspended Russia’s membership in the organization, on the first anniversary of the Kremlin’s invasion of Ukraine. FATF said Russia’s war in Ukraine is a violation of the group’s principles to promote security, safety and the integrity of the global financial system and breaks with FATF’s commitment to international cooperation and mutual respect. Russia’s suspension from FATF significantly restrains the country’s influence on any FATF decisions while casting a shadow on its business climate, observers said. Russia, however, remains liable for membership dues if it intends to reapply for membership in the future. “The measure is both an important political statement as well as a recognition of the threats to the global financial system posed by Russia.
The U.S. Treasury Department is seeking public comment on the possible illicit finance and national security risks posed by the use of digital assets, as part of the agency’s mandate under President Biden’s March executive order to study the development of cryptocurrency. The request for comment, issued Monday, also asks the public for suggestions to mitigate these risks by the deadline of Nov. 3. The Treasury, in a version of the request-for-comment document on the Federal Register website, said crypto has been used in sophisticated cybercrime-related financial networks and activity, including through ransomware. Newsletter Sign-up WSJ | Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. The request for comment comes as the crypto market sees another wave of volatility, adding to calls for greater regulatory oversight.
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