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Breaking News for Financial Crime Professionals

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Happy Monday!  It's September 18, and we’re tracking top stories to start your week: Russia and China partner on $686M oil transshipment complex, Deutsche Bank crypto fraud case, Halliburton exports to Russia, Kim Jong Un's sister is the 'most dangerous woman in the world', and much more...

 

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Featured Story

 

🎯 Russia and China to build oil transshipment complex for $686M. The complex will facilitate Russia's oil exports to China as Moscow expands its infrastructure to diversify exports of commodities eastward and away from Europe. Reuters 

 

Top Stories

 

💥 Former Deutsche Bank Banker Poised To Plead Guilty In Crypto Fraud Case. A 27-year-old from Brooklyn, who initially denied defrauding investors, is accused of soliciting investments from friends and colleagues and misusing the funds. Bitcoinist

 

💥 Halliburton equipment worth $7.1M imported into Russia in past year. Last September Halliburton, one of the world’s largest providers of products and services for oil and gas exploration, sold its Russian office to local management amid pressure on all US companies to cease their trade after the invasion of Ukraine. Guardian

 

💥 Kim Jong Un's sister is 'the most dangerous woman in the world'. Analysts have identified Kim Yo Jong as a possible regime successor, who may serve as a regent to her brother’s children until they are old enough to take power. AFP

 

💥 Rifle, fur hat, drones: North Korea's Kim returns with gifts from Russia. Kim met directly with Putin last week and visited several sites in Russia's far east and was later pictured touring a sanctioned fighter jet plant. Fox News

 

💥 How the Lazarus Group is stepping up crypto hacks and changing its tactics. The elite North Korean hacking group Lazarus appears to have recently ramped up its operations, conducting a confirmed four attacks against crypto entities since June 3rd. Elliptic

 

💥 In Risky Hunt for Secrets, U.S. and China Expand Global Spy Operations. As China’s spy balloon drifted across the continental United States in February, American intelligence agencies learned that President Xi Jinping of China had become enraged with senior Chinese military generals. NYT

 

💥 US prisoners fly out of Iran in swap deal after $6B unfrozen. Five U.S. detainees flew out of Iran on Monday in a swap for five Iranians held in the U.S. in a rare deal between the arch enemies. Reuters

 

💥 IAEA: Iran expels several inspectors in "unprecedented" move. The decision is a significant escalation by Iran that could hamper the UN nuclear watchdog's ability to monitor Tehran's nuclear program. Axios

 

💥 Hunter Biden Sues IRS for Alleged Breach of His Privacy. The lawsuit comes days after Biden was indicted on three criminal counts related to his possession of a handgun. CNBC

 

💥 After winning impeachment fight, Paxton still faces felony fraud case and an FBI investigation. The TX attorney general’s long-simmering securities fraud case appears closer to resolution, while the FBI has probed the same allegations that played a major role in his impeachment. Texas Tribune

 

💥 EU Braces for Tussle Over 12th Sanctions Package Against Russia. The new measures, which could be presented as early as next month, would likely include the EU’s version of the upcoming G-7 ban. Bloomberg

 

💥 How Sam Bankman-Fried’s parents enabled his criminal empire. Barbara Fried and Joseph Bankman didn’t just raise a criminal, but actively took part in running FTX and enjoying the spoils of the fraud. Fortune

IN THE NEWS

Russia

 

🇷🇺 How to wage the financial war against Russia’s economy WaPo

 

🇷🇺 Western companies have $18 billion in Russia profits they can't touch Insider

 

🇷🇺 UK Drops Probe Into Sanctioned Russian Billionaire Mikhail Fridman Telegraph

 

🇷🇺 Russian-installed Crimea authorities to sell Ukrainian properties Reuters

 

🇷🇺 Russia Running Out of Pretty Much Everything as Sanctions Bite Newsweek

 

🇷🇺 India has Russia over an oil barrel Politico

China

 

🇨🇳 EU risks depending on China for batteries after quitting Russian energy Reuters

 

🇨🇳 This China Trade War Isn’t About Semiconductors NYT

 

🇨🇳 Singapore’s US$1.3 billion money laundering probe exposes Chinese criminals’ paid-for passports SCMP

 

🇨🇳 How TikTok Became a US-China National Security Issue Bloomberg

 

🇨🇳 US Defense Tech CEOs Urge Speedier Procurement to Counter China Bloomberg

Corruption & Financial Crime

 

💸 Former Wells Fargo executive avoids prison time for her role in fake-accounts fraud CNN

 

💸 Son of Joaquin ‘El Chapo’ Guzman extradited to Chicago to face sweeping drug trafficking charges Chicago Tribune

 

💸 $18 million in paintings: The mastermind who plundered Venezuela’s state oil company used his stolen funds to buy art El Pais

 

💸 Ukraine Confirms New Allegations Against Magnate Kolomoisky VOA

 

💸 Visas-for-bribes scandal rocks Poland’s anti-immigrant government before election Politico

Crypto & Cyber

 

🔑 Lawyers Labeled Chainalysis Data Unreliable “Junk Science” BeInCrypto

 

🔑 Mark Cuban Loses Nearly $1M to Crypto Scam CoinDesk

 

🔑 New York Regulator to Require Higher Standards for Coin Listings and Delistings WSJ

 

🔑 Binance Founder CZ Says SBF’s Decision to “Bad-Mouth” Him to US Authorities Was “Not Smart” Vanity Fair

 

🔑 Ant to Pull Out of $100 Million Fund in Retreat From Crypto Bloomberg

 

🔑 Judge Grants SEC’s Motion to Unseal Key Documents in Binance Lawsuit Decrypt

"Violence can only be concealed by a lie, and the lie can only be maintained by violence." --Alexander Solzhenitsyn

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