Plus: Russian Oil Tankers Turn 'Invisible' in High-Seas Mystery Post U.S. Sanctions Crackdown...
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1/5/24

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Breaking News for Financial Crime Professionals

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Happy Friday!  It's January 5, and we’re tracking top stories to take you into the weekend: Binance flags multiple privacy coins, U.S. lawmakers target China's Quectel, how the Supreme Court made Sonia Sotomayor millions, Russian oil tankers acting strangely, new pods and videos, and much more...

 

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Featured Story

 

🎯 Privacy Coins Monero, Zcash, Horizen 'At Risk' of Delisting by Binance. Binance has flagged several privacy coins with a "monitoring tag" indicating that they are at risk of being delisted from its platform. Decrypt

 

Top Stories

 

🌎 Lawmakers ask Pentagon to consider barring US investments in China's Quectel. Inclusion on the Pentagon and Treasury lists would bar U.S. entities from buying or selling publicly traded securities in target companies. Reuters

 

🌎 How The Supreme Court Made Sonia Sotomayor Millions. The court’s most liberal justice assumed her position with $750,000 to her name. Sonia Sotomayor is worth a lot more than that now. Forbes

 

🌎 Russia Oil Tankers Do Strange Things Since US Sanctions Ramp-Up. Over the past month, 14 tankers hauling the nation’s barrels to India have either been dithering, u-turned or switched off equipment that informs digital tracking systems. Bloomberg

 

🚩 North Korean Hackers Stole $600 Million in Crypto in 2023 TRM

 

🌎 Tech Executive Sold Banned Chinese Products to State Agencies. The owner of a technology company persuaded New Jersey public safety officials to spend at least $35M on security equipment. Asbury Park Press

 

🌎 Your Aid Dollars for Palestinian Terrorists. Biden’s preferred rulers of Gaza still pay monthly stipends to murderers. WSJ

 

🌎 As the Art World Watches, an Oligarch Takes an Auction House to Court. Regardless of outcome, the trial is expected to provide a rare window into the inner, often secretive workings of the art trade. NYT

 

🚩 Policy Alert: SDNY Grants Ex Parte Applicants Ability to Subpoena Deutsche Bank Entities as Part of AML-Related Litigation Ballard Spahr

 

🌎 Cheap and They Don't Snitch: Drones Are the New Drug Mules. Drones are on the rise in the drug world with smugglers using them to shift product across borders, into prisons - and soon to a street near you. VICE

 

🌎 Dangote Dragged Into Nigeria Probe of Ex-Central Bank Chief. Probe into Emefiele levels a number of claims against him including setting up hundreds of unauthorized offshore bank accounts. Bloomberg 

 

🌎 New Management at Lucky Bucks Sues Former Executives, Alleges Fraud. Slot machine operator’s new management says former executives looted assets. WSJ

 

🌎 After Two Decades Undercover, She’s Ready to Tell the Real Story of Human Trafficking. For years, former FBI Special Agent Nikki Badolato led the FBI's Child Exploitation Task Force targeting some of the most heinous criminals. Rolling Stone

IN THE NEWS

China & Russia

 

💥 China and Europe’s trade spat escalates as Beijing targets French brandy CNN

 

💥 Russia has used North Korean ballistic missiles in Ukraine and is seeking Iranian missiles AP

 

💥 How sanctions on Russia will change the diamond trade Economist

 

💥 China's Election Interference in Taiwan Explained Newsweek

 

💥 Huawei Teardown Shows 5nm Chip Made in Taiwan, Not China Bloomberg

 

MORE TOP STORIES...

Crypto & Cyber

 

🔐 Founder of major Taiwanese crypto exchange ACE arrested for alleged fraud Block

 

🔐 LastPass Starts Requiring 12-Character Master Passcodes for All Accounts PCM

 

🔐 Law firm that handles data breaches was hit by data breach TechCrunch

 

MORE TOP STORIES...

Corruption & Financial Crime

 

💸 Nancy Pelosi’s 2023 trading gains top 65%, boosted by stock options NY Post

 

💸 How Jeffrey Epstein made his money and the big mystery at the center of it all Metro

 

💸 Suspended Altice Executive Leaves Drahi’s Telecoms Empire Bloomberg

 

MORE TOP STORIES...

Trafficking

 

💣 Mayor Eric Adams sues 17 charter bus companies for $700M for transporting asylum seekers CBS

 

💣 Abbott calls out blue cities' hypocrisy on migrants Fox

 

💣 As the mayor of Amsterdam, I can see the Netherlands risks becoming a narco-state Guardian

 

MORE TOP STORIES...

Podcasts & Video

 

🎙️The Cast for Seizing $300B in Russian State Assets War on the Rocks

 

🎙️ Unholy Alliance Between Radical Islam and Far-Left Activists Hold These Truths

 

🎙️The Pig Butcher Darknet Diaries

 

🎙️How Are the TikTok Bans Holding Up in Court? Lawfare

 

🎙️How Cambodian artifacts stolen from temples ended up in American museums, private collections 60 Minutes

"The great enemy of the truth is very often not the lie, deliberate, contrived and dishonest, but the myth, persistent, persuasive and unrealistic." --John F. Kennedy

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