Plus: Gabon Gateway โ€“ Russia Taps Unlikely Allies to Evade Sanctions, Ship Illicit Oil Through Shadow Fleet...
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6/11/24

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Greetings!  Itโ€™s June 11, and weโ€™re tracking today's top stories: Hunter Biden found guilty on all charges, judge orders Chiquita Brands to compensate Colombia paramilitary victims, U.S. Treasury targets corruption network in Guyana, Russia taps unlikely allies to help ship sanctioned oil, and much more...  

 

๐Ÿ”ฅ Illicit Edge is the world's financial crime news hub. 

 

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Featured Story

 

๐ŸŽฏ Hunter Biden found guilty on all counts in gun case. A federal jury has convicted Hunter Biden, concluding he violated laws meant to prevent drug addicts from owning firearms. CNN

 

Top Stories

 

๐ŸŒŽ Judge in Florida orders Chiquita Brands to compensate Colombia paramilitary victims. A jury determines that the banana company is civilly responsible for murders committed by the group it financed. AFP

 

๐ŸŒŽ Treasury Targets Corruption Network in Guyana. Nazar and Azruddin avoided $50M in taxes by underreporting gold exports. U.S. Treasury

 

๐ŸŒŽ Russia Taps Unlikely Allies to Help Ship Sanctioned Oil. Gabon has become a key player, with its ship registry growing to over 100 tankers, many with unclear ownership. WSJ

 

๐Ÿ“• Featured Report: Weaponisation of the FATF Standards โ€“ A Guide for Global Civil Society RUSI

 

๐ŸŒŽ U.S. bars imports from footwear, seafood, and aluminum firms over Uyghur labor. The U.S. has added three more companies to an entity list that bars imports from firms involved with Uyghur forced labor in China. Reuters

 

๐Ÿ“Œ U.S. Senate panel expands probe into BMW use of parts from banned Chinese supplier Reuters

 

๐ŸŒŽ Why Is the Head of the Terrorist Haqqani Network Traveling with Impunity? While the Hajj doesnโ€™t start for another week, a video circulating of Haqqani in Mecca will boost his position within the Taliban government. Bulwark

 

๐ŸŒŽ Orbit Chain exploiter moves $48M through Tornado Cash after months of post-hack dormancy. The hacker remains in control of about $71M in ether and DAI stablecoins due to the assets' appreciation since the attack took place. Block

 

๐Ÿ” Senate Bill Could Open Crypto to U.S. Sanctions, but Industry Trying to Head It Off CoinDesk

 

๐ŸŒŽ Iran's Ties to the 'Palestine Chronicle'. Baroud defended Hamas's Oct. 7 terror strike on Israel and has written for Kayhan International, an outlet funded by Iran's supreme leader. Free Beacon

 

๐ŸŒŽ Senate's bipartisan talks on ICC sanctions break down. Republicans have demanded a vote on a House bill that slaps sanctions on the ICC, while Democrats have pushed for a tamer approach. Axios

 

๐ŸŒŽ Venezuelaโ€™s Maduro Ready to Sign Pact to Recognize Vote Results. Maduroโ€™s remarks come as most credible polls show a slight rise in his voting intentions but still place him behind opposition contender Edmundo Gonzรกlez. Bloomberg

 

๐ŸŒŽ Singapore Ramps Up Scrutiny of Family Offices, Hedge Funds. Singapore is stepping up scrutiny of financial institutions after a series of criminal cases highlighted the challenges of policing the influx of foreign wealth. Bloomberg

 

๐ŸŒŽ Menendez prosecutorsโ€™ star witness describes bribery scheme over brandy and cigars. Uribe said he wrote down the names of companies and people being investigated by the New Jersey attorney generalโ€™s office. Politico

 

๐ŸŒŽ Inside a cartel's human smuggling operation. Human smuggling is not new, but it has been transformed in the last few years into an industry. ABC

 

Visit Illicit Edge for much more financial crime news...

IN THE NEWS

Russia & China

 

๐Ÿ“Œ U.S. lifts weapons ban on Ukrainian military unit Reuters

 

๐Ÿ“Œ Multibillion-euro court battle over stranded Russian jets begins in Dublin Reuters

 

๐Ÿ“Œ Russia delays new cooperation pact with Iran Reuters

 

๐Ÿ“Œ China urges greater BRICS role as Western sanctions mount Reuters

 

๐Ÿ“Œ Huawei Ramps Up Domestic Talent Acquisition in China Amid Tightening Sanctions Tech Times

 

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Corruption & Financial Crime

 

๐Ÿ’ธ FDA, Justice Department crack down on sale of illegal e-cigarettes with new task force CNN

 

๐Ÿ’ธ Feds said drug money fueled Miami firmโ€™s real estate buying spree, but nobody was charged MH

 

๐Ÿ’ธ Beny Steinmetz Scandals โ€“ Scion of Diamond Royalty, Now At Bay Over Bribery Charges OCCRP

 

๐Ÿ’ธ Ex-USC football player agrees to plea bargain in fraudulent COVID benefits case LAT

 

๐Ÿ’ธ UAW President Under Investigation by Federal Court Monitor Reuters

 

๐Ÿ’ธ International businessman sentenced to prison for 'wine-and-dine scheme' Fox

 

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Crypto & Cyber

 

๐Ÿ” Ransomware Is โ€˜More Brutalโ€™ Than Ever in 2024 Wired

 

๐Ÿ” UNC5537 Targets Snowflake Customer Instances for Data Theft and Extortion Mandiant

 

๐Ÿ” Privacy authorities in Canada and UK announce joint probe of 23andMe data breach Record

 

๐Ÿ” Lykke crypto exchange acknowledges hack after halting withdrawals Cointelegraph

 

๐Ÿ” Sifuโ€™s UwU Lend reportedly hacked for $20M, Curveโ€™s Egorov among affected Protos

 

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Trafficking

 

๐Ÿšš She trafficked 11 women; one turned her in WaPo

 

๐Ÿšš U.S. to Close Costly Texas Immigration Detention Center and Reroute Funds Reuters

 

๐Ÿšš Border agents seize enough lethal drugs to kill millions of people in just a few stops NYP

 

๐Ÿšš Canadian drug advocacy group founders charged with trafficking Guardian

"It's amazing that the amount of news that happens in the world every day always just exactly fits the newspaper." --Jerry Seinfeld

๐Ÿ“ฉ

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