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9/13/24

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Happy Friday!  It's September 13, and we're tracking top stories to take you into the weekend: Social media fuels fentanyl crisis, Islamic State-Somalia becomes terror finance hub, inside California's brutal underground market for puppies, Iran turns to Hells Angels to target critics, and much more...      

 

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Featured Story

 

๐ŸŽฏ Social media fuels fentanyl crisis as drug dealers take to platforms to connect with minors. Snap, TikTok, Telegram and Meta, which owns Instagram, are not doing enough to keep children safe. CBS 

 

Top Stories

 

๐ŸŒŽ Islamic State-Somalia becomes financial hub; leader could be top IS chief. Somaliaโ€™s weak central government has enabled Somalia to become the financial hub of the Islamic State. VOA

 

๐Ÿšฉ Biden/Harris Under Pressure To Expedite Hamas Financing Report Free Beacon

 

๐ŸŒŽ Inside California's brutal underground market for puppies and big profits. Many dogs were supplied by breeders charged with abuse, including one who transported puppies diagnosed with the deadly contagious parvovirus. LAT

 

๐ŸŒŽ Iran turns to Hells Angels and other criminal gangs to target critics. Iran has cultivated ties with criminal networks in the West to carry out a recent wave of violent plots in the U.S. and Europe. WaPo

 

๐Ÿ‡ฎ๐Ÿ‡ท Justice Department preparing criminal charges in Iran hack targeting Trump Fox

 

๐Ÿ‡ฎ๐Ÿ‡ท Iran hawks skeptical as Blinken unveils sanctions for Tehranโ€™s missile sales to Russia Independent

 

๐ŸŒŽ Trump Wants Huge Tariff for Dollar Defectors, Fewer U.S. Sanctions. Trump has talked down the utility of sanctions after a record-busting barrage failed to halt Russiaโ€™s war in Ukraine. Bloomberg

 

๐Ÿšฉ De-dollarization: How the West boosts China's yuan DW

 

๐Ÿšฉ Here's Why Dollar Dominance Is In Question (pod) Bloomberg

 

๐ŸŒŽ Biden unveils new evidence of RTโ€™s key role in Russian intelligence operations. For more than a year, the Russian government quietly embedded an intelligence-gathering unit within RT focused on influence operations worldwide. CNN

 

๐ŸŒŽ Mexican drug kingpin โ€˜El Mayoโ€™ had his own nephew killed for stealing from him. The cruelty was revealed in court papers as El Mayo appeared in a Brooklyn courtroom, where he pleaded not guilty. NYP

 

๐ŸŒŽ U.S. regulator orders Wells Fargo to overhaul its efforts to combat illicit funds. The OCC identified deficiencies in the bankโ€™s financial crimes risk management practices and AML internal controls. Reuters

 

๐ŸŒŽ U.S. appeals court voids $564M verdict against Bank of Montreal in Ponzi case. BMO persuaded the court to throw out a jury verdict in a $3.65B Ponzi scheme run by a convicted Minnesota businessman. Reuters

 

๐ŸŒŽ Federal Judge Threatens Former FTX Exec Ryan Salame. Salame pled guilty to campaign finance violations in September but argued that prosecutors had promised him they would cease any criminal investigations into Michelle Bond. CoinDesk

 

๐ŸŒŽ The Richest Man in Germany Is Worth $44 Billion. Klaus-Michael Kuehne, born in 1937, has more money than Ken Griffin, MacKenzie Scott, or Franรงois Pinault. Just donโ€™t ask him how he got so rich. Vanity Fair

IN THE NEWS

China

 

๐Ÿ‡จ๐Ÿ‡ณ China hands PwC a 6-month ban and fine over audit of Evergrande AP

 

๐Ÿ‡จ๐Ÿ‡ณ Biden targets Shein, Temu with new rules to curb abuse of U.S. trade loophole CNBC

 

๐Ÿ‡จ๐Ÿ‡ณ U.S. Imposes Sanctions On Chinese Suppliers To Pakistan's Ballistic Missile Program U.S. State Dept

 

๐Ÿ‡จ๐Ÿ‡ณ TikTok faces crucial court hearing that could decide fate in U.S. Reuters

 

๐Ÿ‡จ๐Ÿ‡ณ 14 arrested in Hong Kong over cross-border syndicate that laundered HK$230 million SCMP

 

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Russia

 

๐Ÿ‡ท๐Ÿ‡บ Russia produces kamikaze drone with Chinese engine Reuters

 

๐Ÿ‡ท๐Ÿ‡บ One of Russiaโ€™s Last Big EU Gas Consumers Turns Off the Tap Bloomberg

 

๐Ÿ‡ท๐Ÿ‡บ EU considers new options to secure sanctions on frozen Russian assets Reuters

 

๐Ÿ‡ท๐Ÿ‡บ Swiss banks fret over sanctions risk to wealth business Reuters

 

๐Ÿ‡ท๐Ÿ‡บ Black-rights activists convicted over Russian links BBC

 

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Corruption & Financial Crime

 

๐Ÿ’ธ Metal detectorist who stole ยฃ3m Viking hoard jailed for five more years Guardian

 

๐Ÿ’ธ Australia's Star faces casino license pull or $67M fine for regulatory breaches Reuters

 

๐Ÿ’ธ Utility ordered to pay $100M for its role in Ohio bribery scheme AP

 

๐Ÿ’ธ Hustle academies: West Africaโ€™s online scammers are training others in fraud and extortion Conversation

 

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Crypto & Cyber

 

๐Ÿ” Behind the Trump Crypto Project Is a Self-Described โ€˜Dirtbag of the Internetโ€™ Bloomberg

 

๐Ÿ” Tether Hires PayPal Government Affairs Ace as U.S. Scrutiny Unresolved CoinDesk

 

๐Ÿ” 17-Year-Old Arrested in Connection with Cyber Attack Affecting Transport for London Hacker News

 

๐Ÿ” EToro Reaches $1.5M SEC Settlement, Stops Trading Most Cryptocurrencies CoinDesk

 

๐Ÿ” Crypto and financial crime: a strategic approach to ensure security Europol

HAVE A WONDERFUL WEEKEND!

๐Ÿ“ฉ

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