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🎯 Credit Suisse Unit Ordered to Pay Georgian Tycoon Ivanishvili $743 Million. The ruling is the latest development in the Singapore chapter of a long-running saga that’s spanned three continents. Bloomberg
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💥 Russia Pushing to Join African Anti-Dirty Money Body as Observer. The African group is an associate member of the Financial Action Task Force – the global financial watchdog that suspended Russia after its invasion of Ukraine. Bloomberg
💥 Huawei unit ships Chinese-made surveillance chips in fresh comeback sign. The developments indicate the Chinese tech giant is overcoming Washington's export controls, which since 2019 have barred it from obtaining components and technology from U.S. firms without approval. Reuters
💥 The Billionaire Keeping TikTok on Phones in the U.S. Financier Jeff Yass made a big bet on the app, and he’s a top donor to lawmakers who support it. WSJ
💥 Russia and Allies Warn UN That SDGs in Jeopardy Without Sanctions Relief. Russia has threatened to block the adoption of a new political declaration at the UN Sustainable Development Goals Summit in New York. Moscow Times
💥 Regulators Charge Money Manager Tied to Russian Oligarch. The Securities and Exchange Commission charged Concord, which managed billions of dollars for Roman Abramovich, with failing to register as an investment adviser. Messenger
💥 Archegos founder Bill Hwang to face SEC fraud charges over $36B firm’s epic collapse. Archegos’ March 2021 collapse stemmed from Hwang’s use of total return swaps to achieve “dominant” positions in his top 10 holdings, including ViacomCBS and Discovery. NY Post
💥 US-Venezuela relations at a tipping point: investors bet on possible sanctions relief. Last year, energy giant Chevron was given the green light to expand operations in Venezuela, and in January, the US granted a licence to Trinidad and Tobago to develop a major gas field in Venezuelan waters. Euronews
💥 Ecuador locked up a drug lord. He just released a music video from prison. The video, apparently filmed inside the Guayaquil prison and posted on YouTube, pays homage to José Adolfo “Fito” Macías Villamar, a convicted murderer and Sinaloa cartel supporter. WaPo
💥 Haftar’s sons rise in Libya’s east, bringing ‘corruption, death, destruction’. With three Russian officials by his side and wearing camouflage fatigues and his customary scowl, Saddam Haftar pours over a map of Libya in an airy chamber identified as the “Libyan Emergency Room”. AFP
💥 UK Crime Bill Lets Cops Freeze Crypto Faster, Channels Tainted Assets to Public Funding. The Economic Crime and Corporate Transparency Bill set to become law later this year removes some legislative hurdles that slow local cops from freezing crypto linked to crime. CoinDesk
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