British Police Seize $250 Million Of Cryptocurrency In International Money Laundering Crackdown
Robert Hart, 13 July 2021
British police have confiscated around $250 million worth of cryptocurrency as part of an ongoing money laundering investigation, London’s Metropolitan Police announced Tuesday, marking one of the largest crypto seizures in the world and breaking a record the force set last month.
The seizure, which follows a $160 million crypto haul the force made three weeks ago, is part of an ongoing investigation into international money laundering by the force’s Economic Crime Command. Continue reading “Article: British Police Seize $250 Million Of Cryptocurrency In International Money Laundering Crackdown”
Congrats to America’s finance bros for finally getting their reward from the Chinese Communist Party. But surely, after obediently lobbying in favor of opening up to Beijing for decades, Wall Street deserved more than it received.
What happens when a company set up by the Chinese government to help clean up toxic debt in the country’s banking system gets into trouble itself? We’re finding out now. Investors were spooked in April after China Huarong Asset Management Co., one of the country’s biggest distressed asset managers, failed to release financial statements in the wake of the execution of its former top executive for bribery. That raised questions about its financial health — and broader worries about whether China would let an institution backed by the central government fail. The ending of a presumed safety net that’s long been priced into Chinese bond values would mean a seismic shift for investors across emerging markets. 
Earlier, several financial media outlets reported that Credit Suisse was considering dramatically shrinking or selling off its prime brokerage unit, the hedge-fund-focused business that just lost $4.7 billion for the bank, obliterating 18 months of the bank’s average net profits.
Back in December, Bloomberg published a sweeping expose that raised serious questions about the ESG investing craze sweeping the world. In the piece, Bloomberg detailed how the Nature Conservancy, the world’s biggest environmental group and a prominent seller of carbon offsets, had sold “worthless” credits to JPMorgan, Disney and BlackRock as the corporations sought to finance the protection of carbon-absorbing forest land to absolve them of their sins tied to fossil fuel usage. 
Max Keiser does not really understand what the monetary expansion has to cover.
Geraldine Buckingham is a member of BlackRock’s Global Executive Committee. She is a Senior Managing Director and is BlackRock’s Chair for the Asia Pacific region. She is responsible for all business activities in the region, which includes Greater China, Japan, Australia, Singapore, India and Korea. Buckingham previously served as Global Head of Corporate Strategy at BlackRock. Prior to joining BlackRock in 2014, Dr. Buckingham was a partner with McKinsey & Company’s financial services practice based in New York. Buckingham received the Rhodes scholarship to study at Oxford University, where she earned a Master of Philosophy degree in Comparative Social Policy. She earned her Bachelor of Medicine and Bachelor of Surgery (MBBS) degrees from Monash University.
Edwin N. Conway is a member of BlackRock’s Global Executive Committee. He is a Senior Managing Director and is Global Head of BlackRock Alternative Investors (BAI). Prior to this, Conway was Global Head of BlackRock’s Institutional Client Business (ICB). Prior to joining BlackRock in 2011, Mr. Conway was a Senior Managing Director at The Blackstone Group where he headed the Global Investor Relations & Business Development Group. Before joining Blackstone in 2005, Mr. Conway was an Executive Director at Arden Asset Management, Inc. and prior to that he was a Director at Credit Suisse Asset Management located both in London and New York. Conway earned a BComm degree from University College Dublin (UCD).