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14.05.26 - 08:12
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′There′s a risk of another Liz Truss moment′: City raises spectre of bond market meltdown again (The Guardian)
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As Keir Starmer's leadership totters, investors warn a Labour leadership contest ignoring public finances and market realpolitik could be disastrousA rise in borrowing costs and warnings to avoid a “Liz Truss moment”. As Keir Starmer faces a potential leadership challenge, the spectre of the bond market looms large.Amid febrile conditions in Westminster, the prospect of Britain switching prime ministers for a sixth time in seven years has fuelled a sharp sell-off in the market for UK government debt. Continue reading......
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13.05.26 - 19:42
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Treasury Department Alerts US Banks To Suspected Iranian Money Laundering Efforts (ZeroHedge)
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Treasury Department Alerts US Banks To Suspected Iranian Money Laundering Efforts
Authored by Victoria Friedman via The Epoch Times (emphasis ours),
The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) on May 11 issued an alert to financial institutions warning them of efforts by the Iranian Islamic Revolutionary Guard Corps (IRGC) to evade sanctions.
The U.S. Department of the Treasury in Washington on June 30, 2025.Madalina Kilroy/The Epoch Times
FinCEN said in a statement that the IRGC has been facilitating and laundering the proceeds of illicit oil sales using networks of financial facilitators and shell companies. The alert provides red flags on the IRGC's oil smuggling, digital assets, and front-company abuse to aid financial institutions in detecting and reporting suspicious activity, the statement said.
Treasury Secretary Scott Bessent said that financial institutions have a responsibility to stop this activity.
“Degraded by Economic Fury, the Iranian ...
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