The article discusses the evolving market for antimony, a critical mineral essential for various military and industrial applications. It highlights the U.S.'s historical dependence on China for antimony, which has been disrupted ...
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Dr. Miles Kellerman is an expert in finance and crime, teaching at Leiden University and consulting globally.
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The post critiques the chaotic state of U.S. economic policy on AI chip exports, highlighting contradictions and the lack of measurable success in export controls against China.
Orange County's financial innovations, particularly in subprime lending, are linked to the rise of populism and Donald Trump's political success, illustrating a cycle of financial crime and societal response.
The article discusses the inefficiencies of the current financial crime detection system, particularly the role of gatekeepers in monitoring suspicious activities. It highlights the high costs of anti-money laundering efforts, the...
The article discusses China's unexpected advancements in AI technology, particularly through the start-up DeepSeek, which has developed a model comparable to ChatGPT at a lower cost. Despite U.S. export restrictions on advanced mi...
The post critiques prediction markets for commodifying political events and raising ethical concerns about insider trading and the reduction of complex issues to simple bets.
The text discusses a ventilation problem in the author's bathroom and compares it to the issues in the crypto world, particularly regarding the lack of a proper regulatory system. It criticizes Trump's actions in the crypto indust...
Republican Congresswoman Marjorie Taylor Greene's stock purchases, including shares in Apple, ASML, NVIDIA, and Tesla, have raised suspicions of insider trading. The SEC's Consolidated Audit Trail (CAT) is a centralized database o...
The text discusses the impact of tariffs on Chinese manufacturers and the rise of the illicit market for tariff evasion. It provides historical examples of smuggling and tariff evasion, and discusses the challenges and opportuniti...
The text discusses the atrocities committed by Mexican drug cartels, particularly Los Zetas, and the potential consequences of designating them as Foreign Terrorist Organizations (FTOs). It highlights the economic entanglements an...
024/7 Trading and the Politics of Time
2024-12-22 •
The text discusses the importance of time in trading, the significance of clock synchronization in capital markets, and the recent approval of 24/7 stock trading. It explores the political implications of extended trading hours an...
0Trump and the Future of Financial Surveillance
2024-11-19 •
The text discusses the future of financial surveillance under the Trump administration, highlighting the potential for the U.S. government to repurpose surveillance tools to target specific groups. It emphasizes the political impl...
0Replaceable Parts
2024-09-18 •
The text discusses the significance of the Woensdrecht Logistical Center in the Netherlands, which serves as a strategic military hub for the F-35 fighter jet. It highlights the importance of the F-35's technology and the challeng...
0The (Dis)assembly of Information
2024-07-29 •
The text discusses the concept of underground banking, particularly focusing on the Hawala system, and its role in facilitating cross-border transactions. It explains how these informal money transfer networks operate, their histo...
0FinCEN and the Data Dilemma
2024-06-16 •
The text discusses the challenges faced by financial intelligence units (FIUs) in handling the increasing volume of Suspicious Activity Reports (SARs) and equivalent notifications. It compares the historical precedent of the UK's ...
0China and the Intangible Transfer of Technology
2024-05-13 •
The text discusses the issue of the intangible transfer of technology, focusing on a case of a Google employee who allegedly stole sensitive trade secrets and transferred them to China. It delves into the historical context of tec...
0Russia and the Politics of Perception
2024-04-17 •
The text discusses the role of nationality in assessing financial crime risk by banks and financial institutions. It highlights the discriminatory nature of these assessments and the influence of the Financial Action Task Force (F...
0Why ASML Matters
2024-03-21 •
ASML is a Dutch company that has developed the world's most advanced extreme ultraviolet (EUV) lithography system, which is crucial for the production of microchips. The company has a monopoly on this technology and is a key playe...
The text discusses the responsibility for financial crimes committed by AI, using examples of dog poo in the Netherlands to illustrate the issue. It explores the use of AI in financial markets, the challenges of holding AI respons...
0Cryptocurrency: To See and Be Seen
2024-02-05 •
The text discusses the Akha tribe in Southeast Asia and their resistance to state control, as well as the parallels between the Akha and the cryptocurrency community in terms of their desire to operate outside the state. It explor...
0Unravelling the Magic of Shell Companies
2024-01-15 •
The text discusses the challenges of investigating money laundering, particularly related to the use of shell companies and the lack of beneficial ownership information. It explains the limitations of current methods and the intro...
0Europe's Financial Crime Hunters
2023-12-21 •
The text discusses the role of ACER, an international organization set up by the EU to regulate Europe's energy markets and to detect financial crime. It explains how liberalization of energy markets created opportunities for fina...
0Chasing the Smugglers
2023-12-07 •
The text discusses the issue of dual-use technology, which has both civilian and military applications, and the challenges of enforcing export controls and sanctions to prevent prohibited goods from reaching Russia. It also explor...
0Binance and the Trojan Horse
2023-11-27 •
The text discusses the use of nested accounts in financial institutions and brokerages, and how they can be exploited for financial crimes. It specifically focuses on the case of Binance, the world's largest cryptocurrency exchang...