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Insider trading schemes using encrypted apps alarms FBI

The Federal Bureau of Investigation is rising involved that Wall Street merchants are turning to encrypted apps to cover illicit communications from inside compliance programmes and regulators.

Encryption is “a growing problem overall,” John Casale, an assistant particular agent answerable for advanced monetary crimes within the Manhattan discipline workplace informed the FT. “New technology comes out and you know it’s going to be applied and it could be applied in a way to engage in fraud, money laundering, and insider trading.”

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