Plus: China Crafts Bold Financial Counterattack to U.S. Sanctions Over Taiwan Invasion...
View in browser

10/20/23

Illicit Edge logo

Breaking News for Financial Crime Professionals

mostafa-meraji-ToVBwcc5R3s-unsplash

Happy Friday!  It's October 20, and weโ€™re tracking top stories to take you into the weekend: Hamas 'pay for slay', U.S. Treasury targets crypto mixers, China plans for anti-sanctions warfare, New York sues crypto firms for losing $1B, and much more...

 

๐ŸŽ™๏ธ Donโ€™t miss these podcasts from AML Conversations, Unchained, Breaking Hezbollahโ€™s Golden Rule, Malicious Life, Click Here, and RUSI! ๐ŸŽ™๏ธ

Featured Story

 

๐ŸŽฏ 'Pay for slay': Palestinian Authority may have to compensate families of Hamas terrorists. The Palestinian Authority may be compelled to shell out nearly $3M a month in dead Hamas terrorist rewards. Fox 

 

Top Stories

 

๐ŸŒŽ US Treasury plans to designate international crypto mixers as money-laundering hubs. FinCEN said that mixing services are used by a "variety of illicit actors throughout the world." CoinDesk

 

๐ŸŒŽ China weighs options to blunt U.S. sanctions in a Taiwan conflict. In a war with the U.S. over Taiwan, China would create a global network of companies under U.S. sanctions, seize American assets within its borders, and issue gold-denominated bonds. Reuters

 

๐ŸŒŽ New York sues crypto firms for losing over $1B. New York Attorney General Letitia James accuses Gemini, Genesis, and Digital Currency Group of fraudulently lying to crypto investors about their risks. Verge

 

๐ŸŒŽ How the West โ€“ and Israel Itself โ€“ Funded Hamas. Terrorist organization diverted humanitarian assistance and levied taxes after blockade of Gaza was eased. WSJ

 

๐ŸŒŽ Russian court rules that $21M in Credit Suisse assets may be seized. The court also ordered the seizure of almost 100% of shares in Bank Credit Suisse (Moscow) and Credit Suisse Securities (Moscow). Reuters

 

๐ŸŒŽ US senators ready bill to fund office helping Iran oil seizures. Lawmakers are debating several pieces of legislation to pressure Iran after the Oct. 7 attacks on Israel by Hamas that killed at least 1,400 people. Reuters

 

๐ŸŒŽ Ragnar Locker ransomware site taken down by FBI, Europol. The full scale of the operation is not yet known, and itโ€™s unclear whether the gangโ€™s infrastructure was also seized. TechCrunch

 

๐ŸŒŽ China Forced to Give Up Land Owned in US. Arkansas has become the first state to order that a Chinese company give up ownership of local land, amid fears of attempts by Beijing to malignly infiltrate and influence the U.S. Newsweek

 

๐ŸŒŽ The New Economic Security State. To address the new problems of economic security and avoid a downward spiral that could threaten the global economy, U.S. officials must reckon with nothing less than a transformation of the U.S. government. Foreign Affairs

 

๐ŸŒŽ Sanctions Fail to Stop Kim Jong Un Snapping Up Luxury Watches, Bags. North Korea has resumed its buying of luxury goods for Kim Jong Un despite an international ban on key exports to the country. Bloomberg

 

๐ŸŒŽ SEC Drops Charges Against Ripple CEO Garlinghouse, Chairman Larsen. The regulator had included them as defendants in its securities violation case revolving around XRP transactions, and the agency now says it's just pursuing the central Ripple case. CoinDesk

IN THE NEWS

Terror

 

๐Ÿ’ฅ We law students arenโ€™t surprised campuses are so pro-Hamas NY Post

 

๐Ÿ’ฅ Evidence shows Hamas likely used North Korean weapons in attack on Israel AP

 

๐Ÿ’ฅ This is the drug Hamas terrorists took to help them slaughter Israelis Jerusalem Post

 

๐Ÿ’ฅ UK anti-extremism czar calls for Iranโ€™s Revolutionary Guards to be listed as terrorists Telegraph

 

๐Ÿ’ฅ Taliban says plans to formally join China's Belt and Road Initiative Reuters

China & Russia

 

๐Ÿšฉ China is set to dominate the deep sea and its wealth of rare metals WaPo

 

๐Ÿšฉ Germany Still Trades Russian Gas as Canceling Costs โ‚ฌ10 Billion Bloomberg

 

๐Ÿšฉ China restricts exports of graphite as it escalates a global tech war CNN

 

๐Ÿšฉ Bidenโ€™s plan to expose nuclear secrets to Moscow and Beijing Hill

 

๐Ÿšฉ Xi Backs Putin on Security, Wants Progress on Gas Pipeline Bloomberg

 

๐Ÿšฉ Citizen of China arrested in connection to illegal bio lab Fox

 

๐Ÿšฉ India Pushes Back Against Russia Demands to Pay for Oil in Yuan Bloomberg

Corruption & Financial Crime

 

๐Ÿ’ธ Sidney Powell Pleads Guilty in Georgia Trump Case AP

 

๐Ÿ’ธ Fall of a Fijian Trafficker Exposes Previous Governmentโ€™s Blind Eye to Meth OCCRP

 

๐Ÿ’ธ EU raises security concerns as it reveals five Caribbean states have sold 88,000 โ€˜golden passportsโ€™ Guardian

 

๐Ÿ’ธ Massive Seizures in Euro-Asian Customs Crack Down on Illicit Trade OCCRP

 

๐Ÿ’ธ Timeshare owners scammed out of over $18 million by 2 men in fraud scheme Miami Herald

Crypto & Cyber

 

๐Ÿ” Tech billionaire Peter Thiel was an FBI informant Insider

 

๐Ÿ” What Crypto Can Learn From Regulatory Overhauls at PayPal, Robinhood and Revolut CoinDesk

 

๐Ÿ” EU starts investigating Meta, TikTok over Hamas content Politico

 

๐Ÿ” Coinbase picks Ireland as its main EU regulatory hub as U.S. authorities go on the offensive CNBC

 

๐Ÿ” More than 40,000 Cisco switches and routers could be infected Bleepingcomputer

"The real problem is not whether machines think but whether men do." --B.F. Skinner

๐Ÿ“ฉ

Share Illicit Edge with friends!

They can subscribe here for free and never miss a story.

The Illicit Edge, P.O. Box 20559, New York, NY 10025

Manage preferences