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title: $107B Sanctions Fallout, Brazil Bribes, and Mississippi Hits BlackRock
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Plus: U.S. Probes $20 Billion of Crypto Transfers to Russian Exchange Garantex Via Tether...

| View in browser 3/28/24 Powered By: Hello!  It’s March 28, and we’re tracking today's top stories: Foreign firms' losses from exiting Russia top $107B, Trafigura to pay $126M in Brazil bribery case, Mississippi hits BlackRock with cease and desist over ESG policies, US and UK probe $20B of crypto transfers to Russian exchange Garantex via Tether, and much more...     Learn more together. Tell a friend to subscribe to IE here.  It's free! Featured Story   🎯 Foreign firms' losses from exiting Russia top $107B. Moscow demands discounts of 50% on foreign asset sales and has tightened exit requirements, often accepting nominal fees as little as one ruble. Reuters   🇷🇺 Putin’s Billionaires Sidestep Sanctions by Financing Lawsuits Bloomberg   Top Stories   🌎 Trafigura to Pay $126M and Plead Guilty to Brazil Bribes. Trafigura’s is the latest in a string of cases in which the world’s biggest commodity trading houses have paid large fines to resolve charges of bribing government officials. Bloomberg   💸 Singapore charges two ex-employees of Sembcorp Marine in Brazil graft case Reuters   🌎 Mississippi hits BlackRock with cease and desist, threatens massive fine over ESG policies. The state has issued a cease-and-desist order alleging the firm has committed fraud by misleading investors through its climate policies. Fox   🌎 US and UK Probe $20 Billion of Crypto Transfers to Russian Exchange. The payments went through Moscow-based crypto exchange Garantex using the dollar-pegged cryptocurrency Tether. Bloomberg   🌎 China's WuXi AppTec shared US client's data with Beijing. U.S. intelligence officials told senators working on a biotech security bill that the Chinese pharmaceutical firm transferred U.S. IP to Beijing without consent. Reuters   🌎 Penthouse to prison: Sam Bankman-Fried’s journey from crypto king to convicted conman. On Thursday, U.S. District Judge Kaplan will deliver his decision on how many years SBF will spend in prison. CNBC   🔐 Following the money from the $4.3B British Bitcoin seizure Elliptic   🔐 Canadian authorities seize assets tied to QuadrigaCX CEO Cointelegraph   🌎 MA Teachers Union Hosts Webinar By Professor Who Praised Hamas. 'They are looking to train teachers with dangerous material that will indoctrinate our students to be anti-Semitic," teacher warns. Daily Wire   🌎 New US sanctions target North Korean military finances. The targeted entities are Alis LLC, based in Vladivostok, Russia, and UAE-based Pioneer Bencont Star Real Estate. Reuters   🌎 U.S. offers $10M reward for info on UnitedHealthcare hackers. The State Department announced it would provide a $10M reward for information about the Blackcat ransomware group. Hill IN THE NEWS China   🇨🇳 Profits Fall For China's Top Chipmaker As Sanctions Bite AFP   🇨🇳 PNG Investigating How Meth Flight Suspect Got Citizenship OCCRP   🇨🇳 US Is Asking Allies to Tighten Servicing of Chip Gear in China Bloomberg   🇨🇳 Yellen Warns China's Industry Ramp-Up Is Distorting World Economy Bloomberg   Much more news at Illicit Edge!   Russia   🇷🇺 Dubai Glitz Dims for Russians On Costs, US Sanction Pressures Bloomberg     🇷🇺 Russian company starts Citroen production at former Stellantis factory Reuters   🇷🇺 Armenia’s exports to Russia raise concerns over sanctions circumvention Euractiv   🇷🇺 Russia increases gasoline imports from Belarus as domestic supplies shrink Reuters   🇷🇺 Czechs sanction Medvedchuk, website over pro-Russian EU political influence Reuters   --   Corruption & Financial Crime   💸 Judge says Hunter Biden lawyers presented no evidence tax charges are political WaPo   💸 How a bank’s collapse brought grief to hundreds of account holders in Miami and Latin America Miami Herald   💸 How Squatters Rights Compare in Different States Newsweek   💸 Fisker lost track of millions of dollars in customer payments for months TechCrunch   💸 Gunman Who Fatally Shot NYPD Officer Had 21 Prior Arrests National Review   --   Crypto & Cyber   🔐 Dutch Prosecutors Seek 64-Month Jail Sentence for Tornado Cash Dev Alexey Pertsev CoinDesk   🔐 Visa Adds New AI Tools to Help Fight Digital Fraud on Payment Bloomberg   🔐 A high-level election security group is back Record   🔐 The Munchables Hack Is Way Worse Than It Seems CoinDesk   --   Trafficking   🚚 The Navy is using robot ships to deter human smuggling out of Haiti Defense One   🚚 Taking on the Illicit Synthetic Drug Trade VOA   🚚 Southeast Asia human trafficking now a global crisis, Interpol says Reuters   🚚 Calif. cops forced to return $800,000 in pot after controversial raid SFGate Designed and built for the true heroes of the financial industry. 📩 Share Illicit Edge with friends! They can subscribe here for free and never miss a story. The Illicit Edge, P.O. Box 20559, New York, NY 10025 Manage preferences |
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