Asian Currency

Asian Currency

North Korean hackers, criminals share money laundering networks in Southeast Asia – UN

LONDON, Jan 15 (Reuters) - North Korean hackers are sharing money-laundering and underground banking networks with fraudsters and drug traffickers in Southeast Asia, according to a United Nations report published on Monday, with casinos and crypto exchanges emerging as key venues for organised crime.The United Nations Office of Drugs and Crime (UNODC) said without elaborating it had observed "several instances" of such sharing in the Mekong area - which includes Myanmar, Thailand, Laos and Cambodia - by hackers including North Korea's Lazarus Group.The UNODC said it had identified the activity...
Asian Currency

Currency clashes sour Russia’s oil trade with Asia

This content was partly produced in Russia where the law restricts coverage of Russian military operations in UkraineRussian banking source says "pointless" to receive rupeesRussia has more use for China's yuanAnalysts say more Indian exports to Russia could helpIncreased oil price cap scrutiny aggravates the problemMOSCOW/DELHI, Nov 27 (Reuters) - One of Russia's most lucrative oil trade routes since the imposition of Western sanctions over the Ukraine conflict faces a major challenge because of the drawbacks of payment in currency other than dollars, with no short-term solution in sight.For decades,...
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