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US sanctions network smuggling American tech to Iran's central bank
US sanctions network smuggling American tech to Iran's central bank
Economy
by  AFP

The US Treasury Department unveiled sanctions against a network of companies and individuals Friday for facilitating illegal technology transfers from dozens of US firms to Iranian entities, including the country's central bank. The sanctions relate to Informatics Services Corporation (ISC), the technology arm of the Central Bank of Iran (CBI), the Treasury Department said in a statement.

Prosecutors urge 40-50 years for crypto fraudster Bankman-Fried
Prosecutors urge 40-50 years for crypto fraudster Bankman-Fried
Technology
by  AFP

US prosecutors have requested that a court sentence disgraced crypto mogul Sam Bankman-Fried to between 40 and 50 years imprisonment for massive fraud that cost customers $8 billion, court documents showed Friday. "A sentence of 40 to 50 years' imprisonment... is necessary to reflect the seriousness of the defendant's crimes," the prosecution's sentencing memorandum said.