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- U.S. Treasury sanctions 8 North Korean bankers and 2 firms for laundering $5.3M in crypto to fund nuclear programs, targeting First Credit Bank and Ryujong Credit Bank. - Report reveals North Korea's cybercrime schemes siphoned $3B in digital assets over three years via global shell companies and financial networks in China/Russia. - U.S. seeks UN sanctions on 7 ships illegally exporting $200M-$400M/year in coal/iron to China, but faces Russian/Chinese opposition to stricter measures. - Secondary sanctio
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MoreJune 4 Financial Morning Brief: Iran maritime blockade may last until September, gold price remains under pressure below 4,500, Israel and Lebanon agree to implement ceasefire, U.S. crude oil challenges the 95 level again
The ceasefire news between Lebanon and Israel has limited impact, as analysts say the geopolitical risk premium has already been priced in.