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Hello!  It's November 7, and we're tracking today's top stories: Malaysia defies U.S. sanctions, FinCEN issues final rule on beneficial ownership, Gaza money laundering hides in plain sight, more than 100 British companies admit to breaching Russia sanctions, and much more...

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Featured Story

🎯 Malaysia Renews Hamas Backing, Defying Threat of US Sanctions. US efforts to restrict external parties from supporting Hamas are deemed unilateral and Malaysia will not recognize them. Bloomberg

Top Stories

🌎 FinCEN Finalizes Rule on Use of FinCEN Identifiers in Beneficial Ownership Reporting. Although there is no requirement to obtain a FinCEN identifier, doing so can simplify the reporting process. FinCEN

🌎 Biggest source of money laundering in Gaza hides in plain sight. While the global campaign to tackle illicit money flows has taken on new urgency, in Gaza, agencies are focused in the wrong direction. Politico

🌎 Over 100 British companies admit breaching sanctions on Russia. Companies could face several penalties from a letter to criminal prosecution. Express

🌎 China’s corruption watchdog investigates former ICBC banker as clampdown continues. Zhang is the latest former high-flying executive from China’s banking sector to come under scrutiny by the CCDI. CNN

🌎 Over 220 pounds of drugs, including fentanyl shaped like Valentine's Day candy, seized in MA. The bust came after two months of home surveillance, where police say they found the drugs, plus cash and five guns in a locked room in the basement. CBS

🌎 Mike Johnson has accused Biden of bribery. Now impeachment is in his hands. The crux of the allegations stem back to Biden’s efforts as vice president to remove Ukrainian prosecutor Viktor Shokin. Hill

🌎 Tiger King Zoo Owner Doc Antle Pleads Guilty to Money Laundering and Animal Trafficking. Antle, who runs South Carolina's Myrtle Beach Safari, will face a maximum of five years in prison and fines up to $250,000. Rolling Stone

🌎 Untouchable: Associates React to Arrest of Drug Trafficker Turned 'Encryption King'. Hakan Ayik, who unknowingly popularized the FBI's backdoored encrypted phone called Anom, has been a most wanted criminal for years. 404

🌎 DBS had $100M exposure to money laundering bust. Major banks including DBS were creditors to investment companies linked to individuals arrested and charged in a major money laundering scandal involving more than $2.8 billion of assets. Straits Times

🌎 Why 'Following the Money' Isn't Enough to Stop Organized Crime Anymore. Drug traffickers are increasingly using specialist underground networks to hide their money, meaning police have to find other ways to catch gangsters. VICE

IN THE NEWS

Sanctions

🚀 China's nuclear program skirts Western machine tool sanctions Nikkei

🚀 Treasury Sanctions Sinaloa Cartel Network Flush with Illicit Fentanyl on Southwest Border U.S. Treasury Department

🚀 Cuba seeks foreign investment, thumbing nose at US sanctions Reuters

🚀 Flights tracking North Korean sanctions busters anger China FT

🚀 State Department Accused of Deceiving Congress on Invite to Sanctioned Hong Kong Leader National Review

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Russia & China

💥 Deputy Interior Minister Of Russia's Daghestan Reportedly Detained On Corruption Charge RFE

💥 Yet another CEO goes AWOL in China CNN

💥 Japan says sanctions on Russia will affect LNG project Reuters

💥 Huawei, Tencent among top cybersecurity patent holders as China fosters own tech CNBC

Crypto & Cyber

🔐 Indian Police Arrest 8 More in $300M Crypto Scam CoinDesk

🔐 Inside Job: How a Hacker Helped Cocaine Traffickers Infiltrate Europe’s Biggest Ports OCCRP

🔐 Coinbase Adds 4 National Security Experts to Its Global Advisory Council CoinDesk

🔐 Huge cyber leak offers new proof of how Maduro has turned Venezuela into a narco-state Miami Herald

Corruption & Financial Crime

Ex-UBS employee in Hong Kong jailed for 7 years for HK$14.7M theft, money laundering amid Covid pandemic SCMP

New emails show DHS created Stanford ‘disinfo’ group that censored speech before 2020 election NY Post

Portuguese PM to address lithium probe as minister named suspect in graft case Reuters

"The weak can never forgive. Forgiveness is the attribute of the strong." --Mahatma Ghandi

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