UBS is witnessing a transformative shift in client interactions driven by artificial intelligence, according to Sabine Keller-Busse, the head of the Swiss bank’s domestic business. Keller-Busse compared the change to how patients now approach doctors with self-diagnosed conditions. UBS Sees AI Revolutionizing Financial Interactions Artificial intelligence (AI) is reshaping the banking industry, with clients increasingly […]
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White House Rehires Adviser Who Helped Develop Biden’s Executive Order on Crypto
The White House has rehired Carole House, who helped develop President Joe Biden’s Executive Order on Ensuring Responsible Development of Digital Assets, as Special Advisor for Cybersecurity and Critical Infrastructure Policy at the National Security Council. Previously, House worked at the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN), leading efforts on cybersecurity and virtual currency […]
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Nigeria Rejects Claims Jailed Binance Executive Denied Quality Healthcare
A Nigerian government official has rejected claims that the jailed Binance executive is being denied access to quality healthcare. In an apparent reference to the U.S. calls for Tigran Gambaryan’s release, the official stated that only the court, not the Nigerian government, can authorize such action. Tigran Gambayran’s Detention Court Sanctioned The Nigerian government has […]
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US Lawmakers: Jailed Binance Executive, US Citizen, Wrongfully Detained by Nigeria
A group of U.S. lawmakers led by Micheal McCaul, the House Foreign Affairs Committee chairman, has accused the Nigerian government of wrongfully detaining Tigran Gambaryan. The lawmakers have asked the Biden Administration to transfer Gambaryan’s case to the Office of Special Presidential Envoy for Hostage of Affairs. Nigeria Using Gambaryan’s Detention to ‘Extort His Employer’ […]
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US Media Executive Charged in $67 Million Fiat-to-Crypto Money Laundering Scheme
The U.S. DOJ has charged the CFO of a media company with one count of money laundering and two counts of bank fraud for participating in a scheme that laundered criminal proceeds using cryptocurrency. Authorities allege that Weidong Guan and his accomplices used bank accounts opened with stolen personal identification information to transfer the funds […]
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Former FTX Executive Ryan Salame Sentenced to 7.5 Years for Criminal Charges
Former FTX executive Ryan Salame was sentenced to seven and a half years in prison by Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York after pleading guilty to criminal charges, including engaging in an unlawful political influence campaign and operating an unlicensed money transmitting business. Salame, who once […]
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Nigerian Prison Agency Held Responsible for Court Absence of Jailed Binance Executive
The Nigerian Correctional Service recently faced accusations of failing to bring Tigran Gambaryan, a jailed Binance executive, to a court hearing on May 22. A lawyer representing the Nigerian revenue collection agency subsequently requested the court to adjourn proceedings. This would allow him to investigate the reasons behind Gambaryan’s absence. Gambaryan Key to Nigeria’s Tax […]
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Prosecutors Recommend 5-7 Year Sentence for Former FTX Executive Ryan Salame
Prosecutors have proposed a prison term of five to seven years for Ryan Salame, a former executive at FTX, ahead of his sentencing scheduled for May 28, 2024. This recommendation contrasts sharply with Salame’s legal team’s plea for a more lenient punishment of no more than 18 months. Clash Over Sentencing: Prosecutors Demand 5-7 Years […]
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Kenyan Authorities to Extradite Binance Executive to Nigeria by Month’s End
The Binance executive who reportedly escaped from custody in Nigeria is set to be extradited to the same country by the end of the month, according to reports. A Kenyan detective believes the extradition of Anjarwalla, who allegedly has ties to influential figures in Kenya, may still prove to be challenging. Interpol Reportedly Involved in […]
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Binance Executive Located in Kenya After Escaping Nigerian Custody
Nadeem Anjarwalla, the executive from Binance who escaped custody in Nigeria, has reportedly been found in Kenya. Law enforcement agencies in Nigeria, spearheaded by the Economic and Financial Crimes Commission (EFCC), are in talks with their Kenyan counterparts about Anjarwalla’s extradition. Nigerian Authorities Want Nadeem Anjarwalla Extradited According to a report, Nadeem Anjarwalla, a Binance […]
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