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🎯 Georgia men sentenced in landmark tax shelter case. Fisher, 71, and Sinnott, 52, were convicted in September in the nation’s first criminal trial involving a tax shelter known as syndicated conservation easements. AJC
Top Stories
🌎 TD Bank knew of AML probe six months before disclosing it. Analysts estimate the bank could be exposed to fines in the range of $500M-$1BN over the investigation being led by US prosecutors. Globe and Mail
🌎 Nigeria destroys record $11.2 million in seized elephant tusks. Over the past three decades, Nigeria's elephant population has declined drastically from an estimated 1,500 to less than 400 due to poaching for ivory. Reuters
🌎 Tropical Underworld: The Murder Case That Could Topple an Alleged Crime Empire. Hawaii businessman accused of running drug trade, ordering murders as underworld boss. Fox
🌎 Fake Bitcoin ETF Approval Tweet Causes $90M in Liquidations. Those tweets caused bitcoin prices to immediately spike to $47,680 from the $46,800 level. CoinDesk
🚩 SEC's Bitcoin ETF debacle was result of employee not utilizing two-factor authentication: X safety Fox
🌎 Russia’s Oil Drilling Boom Proves Moscow’s Resilience to Western Sanctions. The boom in activity came alongside a recovery in the both volume and value of Russia’s oil exports, a stark illustration of how the country’s fossil fuel industry has been a crucial source of funds. Bloomberg
🌎 The Next Front in the U.S.-China Battle Over Chips. A U.S.-born chip technology called RISC-V has become critical to China’s ambitions. Washington is debating whether and how to limit the technology. NYT
🌎 US lawmaker calls for probe into UAE AI firm G42’s alleged Chinese link. US companies that have commercial ties with G42 and its subsidiaries include Microsoft, Dell and OpenAI. Al Arabiya
🌎 Top Shipping Law Firm Admits to Anti-Money-Laundering Failures. UK law firm Clyde & Co. has admitted to a failure to comply with British anti-money laundering regulations, and it will have to pay a substantial fine. Maritime Executive
🚩 FinCEN Issues Analysis of Identity-Related Suspicious Activity FinCEN
🌎 Setting the record straight and debunking unworkable illicit finance proposals. If Congress wants to coalesce around a serious proposal to combat illicit finance, we must acknowledge that digital assets on a blockchain are not the preferred method for terrorism financing. Hill
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