Authorities in Hong Kong are seeing new twists on securities fraud. In the latest wave of “pump and dump” schemes involving micro-cap stocks, fraudsters appear to be targeting investors in distant jurisdictions, such as Singapore and Macau. These stock-price manipulators are commonly abetted by WhatsApp
Brussels is having second thoughts about embracing Saudi Arabia’s stature on the global stage, at least as far as the Kingdom’s money laundering protocols are concerned. The European Commission is poised to announce a “black list” of non-compliant countries. Saudi Arabia is prominent on a 16-nation list, which includes countries like Panama and Libya.
Zoobia Shahnaz is a name that you may read about again. In December 2017, she was arrested in New York on a string of terrorist-finance charges. The federal indictment clarifies that she purchased Bitcoin with fraudulently obtained credit cards, wiring the proceeds to ISIS-related groups in Pakistan. The case spotlights a hole in the global financial system
The White House appears to be making a major shift in its infrastructure approach, somewhat unexpectedly. Rather than roll out infrastructure improvements through public-private partnerships, the president seems prepared to think in terms of outright fiscal expenditure. Details remain sketchy.
The intersection between cybersecurity and medical technology is the pacemaker, at least this week. The Food and Drug Administration has forced NYSE-traded Abbott Laboratories to recall some 465,000 pacemakers due to software vulnerabilities. It seems that the black hat across town could actually change a heartbeat.
There may not be enough tech metals worldwide to meet soaring demand. In most cases, mobile phones and solar panels are produced with lithium or indium. Other essential metals for tech-related industries include cobalt and lanthanum; the list is perplexing. The problem is that most of these resources do not trade freely in liquid markets.