Texas man sentenced to 23 years for $179 million foreign currency fraud scheme
DENVER – Bryant Edwin Sewall, 57, formerly of Little Elm, Texas, was sentenced to 23 years in federal prison after being convicted of 14 counts … Read more
Currency
South Jersey Police Seek Suspects in Pizzeria Counterfeit Currency Case
GLOUCESTER TOWNSHIP, NJ — Gloucester Township Police are seeking assistance in identifying suspects who used counterfeit currency at a local pizza shop. The incident occurred … Read more
CBP officers seize over $240K in unreported currency at Pharr International Bridge
“CBP officers conduct outbound enforcement operations to protect against unreported exportations of bulk U.S. currency, which often can be proceeds from alleged illicit activity, or … Read more
Hackettstown Police Seize Illegal Drugs and Currency in Raid
**Hackettstown, NJ** – After conducting a months-long investigation, the Hackettstown Police Department, in collaboration with several other law enforcement agencies, executed search warrants on Bud … Read more
CBP officers seize $85K in unreported currency at Pharr International Bridge
“Or officer continue to maintain strict vigilance and that dedication to duty, inspection skill and experience contributed to this significant outbound currency seizure,” said Port … Read more
CBP officers seize $387K in unreported currency at Hidalgo International Bridge
“Our frontline officers maintained their vigilance and seized a significant amount of unreported outbound currency,” said Port Director Carlos Rodriguez, Hidalgo/Pharr/Anzalduas Port of Entry. “These … Read more
CBP officers seize $114K in unreported currency at Brownsville Port of Entry
“This is the second outbound seizure of more than $100,000 in unreported currency in South Texas this week and reflects the vigilance and determination of … Read more
CBP officers seize $124K in unreported currency at Eagle Pass Port of Entry
“This seizure reflects the vigilant inspectional work of our frontline officers and their commitment to our border security mission,” said Port Director Pete Beattie, Eagle … Read more
Japan’s finance minister: Watching currency moves carefully
By Leika Kihara TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Friday the government was watching currency moves carefully, when asked about the … Read more
China’s yuan ousts dollar to become most traded currency in Moscow in 2023
By Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – The Moscow Exchange trading volume in Chinese yuan surpassed that of the U.S. dollar in 2023, … Read more
CBP officers seize over $100K in unreported currency at Juarez-Lincoln Bridge
“This recent monetary seizure stands as a testament to the officer’s dedication in upholding the principles of law and order,” said Port Director Alberto Flores, … Read more
Dulles CBP K9 Alerts, Officers Seize $56k in Unreported Currency from Iraq-bound Man
STERLING, Va. – U.S. Customs and Border Protection officers seized $56,400 from an Iraq-bound man at Washington Dulles International Airport on Thursday only hours after … Read more
Dulles CBP Officers Seize $68k in Unreported Currency from Nigeria-bound Family
STERLING, Va. – U.S. Customs and Border Protection officers seized $68,000 in unreported currency from a Nigeria-bound family at Washington Dulles International Airport today. Travelers … Read more
Currency, inflation woes in focus as Egypt’s Sisi set for third term
By Patrick Werr CAIRO (Reuters) – In the run-up to Egypt’s Dec. 10-12 presidential election, financially strapped people queue at state-managed cooperatives trying to buy … Read more
Portland Man Who Claimed to be a Foreign Exchange Currency Trader Indicted for Wire Fraud
PORTLAND, Ore.—A Portland man, who for more than a decade claimed to be a successful foreign exchange currency trader to solicit millions of dollars in … Read more
CBP officers seize over $125K in unreported currency at Gateway to the Americas Bridge
“It is important to acknowledge the efforts of our CBP officers who continue to maintain law and order,” said Port Director Alberto Flores, Laredo Port … Read more
Man Pleads Guilty to Counterfeiting U.S. Currency
BOSTON – A Dominican man has pleaded guilty in federal court in Boston to his role in a conspiracy in which he sold nearly $150,000 … Read more
Argentina’s black market currency traders brace for uncertainty
By Alexander Villegas BUENOS AIRES (Reuters) – In downtown Buenos Aires a small group of black market money traders, known as “arbolitos” – or little … Read more
Analysis-Cheap yuan catapults China to second-biggest trade funding currency
By Samuel Shen and Rae Wee SHANGHAI/SINGAPORE (Reuters) – Global companies are making a beeline for China’s debt markets, issuing record amounts of yuan-denominated bonds … Read more
Argentina restarts ‘crawling peg’ to let currency weaken for first time since August
By Walter Bianchi and Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s central bank allowed the peso to weaken slightly on Wednesday to 353 per dollar, … Read more
North Carolina Man Pleads Guilty to Role in Counterfeit Currency Conspiracy
BECKLEY, W.Va. –Xavier Sanders, 24, of Charlotte, North Carolina, pleaded guilty today to conspiracy to commit an offense against the United States. Sanders admitted to … Read more
Swiss National Bank to pilot wholesale digital currency with UBS, other banks
ZURICH (Reuters) – The Swiss National Bank said on Thursday it will start a pilot project next month using central bank digital currency (CBDC) for … Read more
North Carolina Man and Woman Plead Guilty to Roles in Counterfeit Currency Conspiracy
BECKLEY, W.Va. – Crystal Wilks, 23, and Jamarcus Harris, 32, both of Lenoir, North Carolina, each pleaded guilty today to conspiracy to commit an offense … Read more
Reversing course, Bank of Russia endorses new currency controls
By Elena Fabrichnaya, Alexander Marrow and Darya Korsunskaya MOSCOW (Reuters) – Russia’s central bank on Thursday endorsed President Vladimir Putin’s decision to reimpose currency controls, … Read more
Japan Finance Minister says no ‘defence line’ set in dealing with currency moves
By Tetsushi Kajimoto TOKYO (Reuters) -Japanese Finance Minister Shunichi Suzuki said on Friday Japanese authorities have set no “defence line” in dealing with currencies, while … Read more
FX clampdown boosts Pakistani rupee 6.1% to become September’s top currency
By Ariba Shahid KARACHI, Pakistan (Reuters) – Pakistan’s rupee has gained 6.1% against the dollar so far in September, following an official clampdown on illegal … Read more
Japan’s top currency diplomat says Tokyo in close contact with US on FX moves
By Tetsushi Kajimoto TOKYO (Reuters) -Japanese authorities are always in close communication with U.S. counterparts on currencies and share a mutual understanding that excessive volatility … Read more
US Treasury’s Adeyemo urges Nigeria to work on stable currency, fight corruption
WASHINGTON (Reuters) – U.S. Deputy Treasury Secretary Wally Adeyemo on Monday urged Nigeria to work to stabilize its currency and fight corruption to unlock what … Read more
Mercedes CEO: Efficiency is the ‘new currency’ in the EV market
By Joseph White and Ilona Wissenbach DETROIT (Reuters) – Mercedes-Benz CEO Ola Kaellenius told Reuters the automaker’s newest electric vehicle architecture, launching with the CLA … Read more
Exclusive-Chinese exporters using currency swaps to retain dollars as yuan sags
SHANGHAI/SINGAPORE (Reuters) – Chinese exporters are using a complicated currency swap strategy to avoid converting their dollar earnings into yuan for fear of losing out … Read more
Analysis-Asia’s worries over currency volatility get in the way of rate cuts
By Ankur Banerjee SINGAPORE (Reuters) – A spurt in the U.S. dollar and China’s defence of the yuan are forcing Asian central banks to step … Read more
US charges two founders of sanctioned virtual currency mixer Tornado Cash with money laundering
By Christopher Bing and Zeba Siddiqui (Reuters) -The United States on Wednesday indicted Roman Semenov and Roman Storm, two co-founders of the virtual currency mixer … Read more
Fitch downgrades Ecuador’s foreign currency rating deeper into junk
(Reuters) – Global ratings agency Fitch downgraded Ecuador deeper into junk territory on Wednesday, citing financing risks arising from a significant deterioration in fiscal accounts … Read more
Digital Currency Group seeks to end fraud case by Winklevoss twins’ Gemini
By Jonathan Stempel NEW YORK (Reuters) – Digital Currency Group on Thursday urged a U.S. judge to dismiss a lawsuit claiming it defrauded customers of … Read more
Digital Currency With Eye-Scanning Orb Aims To Build Largest ‘Identity Community’ Possible
Digital Currency With Eye-Scanning Orb Aims To Build Largest ‘Identity Community’ Possible Jason Cohen on August 2, 2023 OpenAI CEO Sam Altman’s cryptocurrency project featuring … Read more
‘Massive Economic Implications’: Tech Titan Launches Digital Currency Featuring Global ID
‘Massive Economic Implications’: Tech Titan Launches Digital Currency Featuring Global ID Jason Cohen on July 24, 2023 OpenAI CEO Sam Altman’s cryptocurrency initiative featuring a … Read more
Cuba still struggling to earn foreign currency
By Marc Frank HAVANA (Reuters) – Cash-starved Cuba fell short of its export and import plans through June of this year amidst grave shortages linked … Read more
CBP Officers seize currency, cocaine and methamphetamine at the Ysleta Port of Entry
EL PASO, Texas – U.S. Customs and Border Protection Officers working at the Ysleta Port of Entry intercepted $164,934 in unreported currency, a combined 39.2 … Read more
Central bankers lay out digital currency cyber threat
By Marc Jones LONDON (Reuters) – The central bankers’ central bank, the Bank for International Settlements (BIS), has laid out a seven-point plan designed to … Read more
Dulles CBP Officers Seize Nearly $130k in Unreported Currency from Four Groups of Outbound Travelers
STERLING, Va. – U.S. Customs and Border Protection officers seized nearly $130,000 in unreported currency from four groups of departing international travelers recently at Washington … Read more
Swedish central bank chief says skeptical of currency intervention
STOCKHOLM (Reuters) – The Swedish central bank’s decision to asses the possibility of hedging a portion of foreign exchange reserve should not be seen as … Read more
Powell says he expects dollar to remain global reserve currency
(Reuters) – Federal Reserve Chair Jerome Powell said on Wednesday he expects the U.S. dollar to remain the world’s reserve currency as long as democratic … Read more
IMF working on global central bank digital currency platform
By Ahmed Eljechtimi RABAT (Reuters) – The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable transactions … Read more
U.S. Treasury found no currency manipulation in 2022, downgrades Swiss scrutiny
By David Lawder WASHINGTON (Reuters) – The U.S. Treasury on Friday said it found that no major U.S. trading partners had manipulated their currencies for … Read more
China takes next step in currency globalization, with some HK stocks priced in yuan
By Samuel Shen and Georgina Lee SHANGHAI/HONG KONG (Reuters) – China’s gradual internationalisation of its currency will shift to its next leg on Monday when … Read more
Philadelphia CBP Officers Seize Nearly $15M in Counterfeit Currency
PHILADELPHIA –Fifteen million dollars could do a lot of good, but when that currency is fake, it could ruin a lot of lives. U.S. Customs … Read more
Brazil’s central bank chief opposes creation of common currency
BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto expressed his opposition on Friday to the creation of a common currency, stating that in … Read more
Zimbabwe announces new measures to aid ailing local currency
HARARE (Reuters) – Zimbabwe’s treasury has announced measures to encourage the use of the local dollar as opposed to the U.S. dollar, in a bid … Read more
Argentina in talks to expand China currency swap line, source says
By Walter Bianchi BUENOS AIRES (Reuters) – Argentina is in talks to renew and potentially expand its currency swap line with China, a central bank … Read more
Currency fluctuations’ effect on N.American cos fell in Q4, report shows
NEW YORK (Reuters) – The negative impact of currency fluctuations on North American companies’ results fell in the fourth quarter of 2022 compared with the … Read more