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🎯 How Russia Punched an $11 Billion Hole in the West’s Oil Sanctions. Moscow’s monthly income from oil exports is greater now than before the invasion of Ukraine, highlighting the failure of measures to curb its war chest. Bloomberg
Top Stories
🌎 Catholic nuns sue Smith & Wesson to halt its assault-style weapons sales. The lawsuit would hold the company's directors liable for any costs associated with illegal marketing of assault rifles. Reuters
🌎 China e-cigarette titan behind 'Elf Bar' floods the U.S. with illegal vapes. The tycoon dominating this latest wave is Zhang Shengwei, a veteran of China’s vape industry in the manufacturing hub of Shenzhen. Reuters
📌 IE Insights: Top 10 Ways China Steals Intellectual Property Illicit Edge
🌎 Justice Department announces war crimes charges against 4 Russian-affiliated soldiers for torturing US national. This is the first time ever that the department has filed charges under the U.S. war crimes statute. ABC
🌎 Belgian National Charged with Crimes Related to Scheme to Illegally Procure Critical U.S. Technology. DeGeteere conspired to illegally smuggle field programmable gate array circuits to Russia and short-wave infrared surveillance cameras to the PRC. DOJ
🌎 X is now licensed for payment processing in a dozen US states. Elon Musk is moving forward with his plans to turn the company formerly known as Twitter, now called X, into an “everything app” that includes its own payments system. TechCrunch
🌎 RBC handed $7.4M penalty from financial intelligence agency. Fintrac says the violations include failing to submit suspicious transaction reports where there were reasonable grounds to suspect ties to a money laundering offense. CBC
🌎 US Charges Bosnian Man With Helping Russia’s Artem Uss Flee Extradition. A Bosnian national was charged with aiding in the elaborate escape of a Russian wanted by the US in a global scheme to smuggle American semiconductors to Russia and Ukraine. Bloomberg
🌎 Trafigura sets aside $127M provision for Brazil, U.S. DOJ fine. The Geneva-based firm is also under investigation by the Office of the Attorney General (OAG) of Switzerland. Reuters
🌎 FBI director says bureau is working ‘around the clock’ against potential attacks inspired by Hamas. Wray said the FBI is “especially concerned about the possibility of Hamas supporters engaging in violence on the group’s behalf.” CNN
🌎 Ex-Citgo CEO helped Venezuelan drug trafficker move money. A former chief executive officer at U.S. oil refiner Citgo Petroleum helped alleged Venezuelan drug trafficker Carlos Orense move money in the mid-2000s. Reuters
🌎 Maduro orders the 'immediate' exploitation of oil, gas and mines in Guyana's Essequibo. The announcement came a day after Maduro got the victory he sought in a weekend referendum on whether to claim sovereignty over the region. AP
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