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8/16/23

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Hello! It’s August 16, and we’re tracking today’s top stories: $4.6 billion Kazakh brokerage helps Russian oligarchs evade sanctions, Ralph Lauren faces Uyghur forced labor probe, ISIS regenerates and threatens Afghanistan, LinkedIn accounts hacked in widespread hijacking campaign, and much more...

Featured Story

 

🎯 Hindenburg Research targets $4.6 billion Kazakh brokerage for helping Russian oligarchs evade sanctions. The prominent short seller that’s bet against Jack Dorsey and Carl Icahn is now taking on a $4.6 billion online brokerage based in Kazakhstan. CNBC

 

Top Stories

 

💥 Ralph Lauren Canada faces federal probe into use of forced Uyghur labor. Canada has failed to intercept any imports made with forced labor in recent years despite a commitment to stop such products from entering the country. Globe and Mail

 

💥 Islamic State group still has thousands in Syria and Iraq. The Islamic State group still commands between 5,000 and 7,000 members across its former stronghold in Syria and Iraq and its fighters pose the most serious terrorist threat in Afghanistan today. AP

 

💥 LinkedIn accounts hacked in widespread hijacking campaign. LinkedIn is being targeted in a wave of account hacks resulting in many accounts being locked out for security reasons or ultimately hijacked by attackers. Bleepingcomputer

 

💥 Americans are unwittingly funding China’s military expansion. Wall Street firms are using money from U.S. investors to fund Chinese companies that are working against U.S. interests and values, and lawmakers want to push back. WaPo

 

💥 Russia Forces Children to Assemble Iranian Suicide Drones for Ukraine War. The revelations at Alabuga Polytechnic University raise troubling implications about the lengths that Russian authorities are going to in order to boost the war effort. RFEL

 

💥 UAE arrests 387 international suspects in two-year money laundering crackdown. The two-year investigation was conducted in collaboration with law enforcement agencies around the world. National News

 

💥 SEC fines UK firm Crowe over audit of music streaming business. Crowe falsely claimed its staff were qualified to conduct an audit according to standards set by the U.S. Public Company Accounting Oversight Board. Reuters

 

💥 China email hacks included accounts of House member. A House lawmaker says his personal and political emails had been stolen by the same suspected Chinese hackers that breached the inboxes of the U.S. State and Commerce departments. The Record

 

💥 Ukraine seizes $206 million in assets from Ukrainian oligarch Dmytro Firtash over gas theft scheme. So far, 15 people, including the Regional Gas Company's owner, have been charged in relation to the case. Kyiv Independent

 

💥 Hong Kong Monetary Authority takes disciplinary action against EFG Bank AG. The disciplinary action follows an on-site examination and further investigation by the HKMA on EFGHK’s systems and controls for compliance with the AMLO. HKMA

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IN THE NEWS

China

 

🇨🇳 Chinese Sanctions Enforcement Just Got Even Harder Foreign Policy

 

🇨🇳 China wants to deepen defense ties with Iran and Belarus Semafor

 

🇨🇳 Chinese Chip Sector Is Five Generations Behind the World: The Gap Will Expand Tom’s Hardware

 

🇨🇳 Judge orders Chinese drug cartel pay Akron family $18 million for son's death ABC News

 

🇨🇳 China Abandons Clean Energy Goals Making US Efforts Painful And Pointless ZeroHedge

Russia

 

🇷🇺 Strongman economics aren't working for China and Russia Axios

 

🇷🇺 Former high-level FBI official pleads guilty in connection to scheme working for sanctioned Russian oligarch CNN

 

🇷🇺 Russian citizen sentenced to jail for attempted $3.5 billion fraud in Denmark Reuters

 

🇷🇺 Russian Oil Switched Between Tankers Off Spanish Enclave After Four-Month Hiatus Bloomberg

Corruption & Financial Crime

 

💸 FinCEN Notice Highlights Concerning Increase in Payroll Tax Evasion, Workers’ Compensation Fraud in the Construction Sector FinCEN

 

💸 Iraq set in 'battle' against dollar smugglers Reuters

 

💸 How undercover sting outwitted pangolin traffickers BBC News

 

💸 Brazil inquiry into alleged Bolsonaro-era pilfering of official gifts widens Guardian

 

💸 Solar Company Says Audit Finds Forced Labor in Malaysian Factory NY Times

 

💸 Cops nab ‘money mule herder’ suspected of working for infamous Black Axe gang The Sun

Crypto & Cyber

 

🔐 Coinbase wins NFA approval to offer Bitcoin and Ether futures in US Cointelegraph

 

🔐 ‘DoubleDrive’ attack turns Microsoft OneDrive into ransomware SC Media

 

🔐 Clorox takes servers offline, notifies law enforcement after ‘unauthorized activity’ The Record

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