Plus: Iran-backed drug traffickers make billions on Middle East catastrophe...
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1/23/24

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Breaking News for Financial Crime Professionals

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Hello!  It's January 23, and we’re tracking today's top stories: Judge orders appointment of FTX monitor, beneficial ownership red flags, how menthol cigarette ban could boost terrorists, Iran-backed narco-traffickers make bank from Middle East warfare, and much more...

 

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Featured Story

 

🎯 Appeals court reverses judge's ruling, orders appointment of independent examiner in FTX bankruptcy. Lawyers for the trustee argued that FTX’s financial affairs and fraud should be reviewed by a disinterested person, not left to an internal investigation. AP 

 

Top Stories

 

🚩 A 123-Year Old Company Director? That’s a Red Flag for Moody’s. While new regulations across the world are looking to improve transparency at shell companies, $1.6 trillion is laundered annually. Bloomberg

 

🌎 How Biden’s Menthol Cigarette Ban Could Line Terrorists' Pockets. The proposal would create a booming black market for Hamas and Hezbollah. Free Beacon

 

🌎 Iran-backed narco-terrorists are making billions and widening the war in the Middle East. Jordan’s narco-battles have received scant attention but are part and parcel of Iran’s multifront offensive against the United States and its allies across the region. NYP

 

πŸš€ US, Australia, and UK Sanction Russian Cyber Actor Responsible for Medibank Hack U.S. Treasury

 

🌎 New sanctions on Russian diamonds will change the global trade in gems. After close to two years of conflict, the global diamond market is set to feel the full consequences of the war in Ukraine. CNN

 

🌎 Apple Issues Patch for Critical Zero-Day in iPhones, Macs. Type confusion vulnerabilities could be weaponized to perform out-of-bounds memory access, or lead to a crash and arbitrary code execution. Hacker News

 

🌎 Rocket-powered Corruption: Why the missile industry became target of Xi’s purge. Large, politically salient, yet rarely tested systems like nuclear missiles are magnets of bad behavior. War on the Rocks

 

🌎 Venezuela arrests 32 in alleged plot to assassinate President Maduro. All suspects have "confessed and revealed information about the plans," Attorney General Tarek William Saab told reporters in Caracas. AFP

 

🌎 Mother of All Breaches: Massive 26 Billion Record Leak: Dropbox, LinkedIn, Twitter All Named. Worryingly, the researchers also say that records from an assortment of U.S. and other government organizations can be found. Forbes

 

🌎 Fake Joe Biden robocall urges New Hampshire voters not to vote in Tuesday’s Democratic primary. The call uses spoofing, a common practice in fraudulent robocalling which manipulates caller ID information to display a false phone number. CNN

 

🌎 ADM Plunges Most on Record After Probe, CFO Placed on Leave. The US agricultural trading giant suspended its chief financial officer pending an investigation into its accounting practices. Bloomberg

 

πŸ”‘ Insider Q&A: Small federal agency crafts standards for making AI safe, secure and trustworthy. NIST’s tools and measures define products and services from atomic clocks to election security tech and nanomaterials. AP

IN THE NEWS

Sanctions Breakdown

 

πŸ’₯ US targets Iraqi airline Fly Baghdad and Hamas cryptocurrency financiers AP

 

πŸ’₯ Australia publicly names and sanctions Russian hacker over Medibank data leak CNN

 

πŸ’₯ EU Sanctions Six Sudanese Entities Involved in War VOA

 

πŸ’₯ Hamas looking to expand its financial networks as US sanctions hit National News

 

MORE TOP STORIES...

Russia & China

 

πŸ“Œ Critics of Ukraine war could have property seized under new Russian law Guardian

 

πŸ“Œ Enforcement of China Forced-Labor Import Ban Needs to Be Much Tougher WSJ

 

πŸ“Œ Nokia set to exit telecommunications joint venture with Huawei amid US-China tensions SCMP

 

πŸ“Œ China undergoes rare scrutiny of rights record at UN meeting Reuters

Corruption & Financial Crime

 

πŸ’Έ Judge orders the unsealing of divorce case of Trump special prosecutor in Georgia AP

 

πŸ’Έ Harvard cancer institute moves to retract six studies, correct 31 others CNN

 

πŸ’Έ Brazil to share intel, technology with Amazon nations at Manaus police hub Reuters

 

πŸ’Έ U.S. oil giant Exxon Mobil sues activist investors to prevent climate proposals CNBC

Crypto & Cyber

 

πŸ” Kaspersky Warns of Mac Exploit Targeting Bitcoin and Exodus Wallets Decrypt

 

πŸ” Feds Charge Alleged β€˜TLO’ Underground Data Broker 404

 

πŸ” SEC Shut Off Extra Security on X For About 6 Months, Letting Hacker Breeze In CoinDesk

 

πŸ” FTX Affiliate Alameda Research Drops Grayscale Lawsuit CoinDesk

Trafficking

 

🚚 Honduras ex-president says DEA sent rabbi to 'infiltrate' defense Reuters

 

🚚 Don’t believe the lies: The UN is paying illegals using US taxpayer cash NYP

 

🚚 These new synthetic opioids could make fentanyl crisis look like 'the good old days' USA Today

 

🚚 Mexico demands investigation into US military-grade weapons being used by drug cartels AP

 

MORE TOP STORIES...

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