Plus: How Are U.S. Financial Sanctions Developed and Deployed? Here's the Recipe...
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12/5/23

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Hello!  It’s December 5, and we’re tracking today's top stories: Someone bet against the Israeli stock market before Hamas' October attack, Pictet hid $5.6B in U.S. taxes from IRS, America's new Fentanyl Strike Force, how the sanctions cake is baked, and much more...

 

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Featured Story

 

🎯 Someone bet against the Israeli stock market in the days before Hamas' Oct. 7 attack. Five days before the deadliest attack in Israel's history, a warning appeared on stock exchanges. CBS   

 

Top Stories

 

🌎 Swiss bank Banque Pictet admits hiding $5.6 billion of Americans’ money from IRS. Pictet Group has agreed to pay about $122.9 million in restitution and penalties. CNBC

 

🌎 Biden administration announces new financial strike force to curb deadly fentanyl trade. The strike force will be led by the Treasury Department’s top sanctions official and chief of the Internal Revenue Service’s criminal investigations unit. CNN

 

📌 How Are U.S. Financial Sanctions Developed and Deployed? Illicit Edge

 

🌎 FBI called in to help Cyprus investigate Russian sanctions dodging. The U.S. has deployed a team of experts to aid Cypriot authorities’ response to a rogue financial system serving Russian elite. ICIJ

 

🌎 Secret Talks, Oil and Sanctions: Inside a US-Venezuela Breakthrough. The day had finally arrived: Venezuela’s leaders and the opposition would come together to map out a plan toward free elections. Bloomberg

 

🌎 Western Firms Should Leave China Now. Through its deliberate and repeated actions, China is heading for an economic showdown with the US. Project Syndicate

 

🌎 He’s Got $250M to Spend on Communist Revolution. Fergie Chambers is heir to one of the biggest American family fortunes. He’s also a revolutionary with ‘actual bloodlust’ building a mysterious commune in Massachusetts. Free Press

 

🌎 Death, Denial, and a Region Under Siege – Part One. Juarez residents challenge Mexican government’s claim that cartel violence spares law-abiding citizens. Border Report 

 

🌎 U.S. imposes sanctions on three Sudanese figures with ties to former leader Omar al-Bashir. Fighting between the army and the RSF has reduced Khartoum to an urban battlefield. AP

IN THE NEWS

Russia & China

 

💥 Putin plans to visit Saudi Arabia, UAE this week Politico

 

💥 Russian Arms Firms Are Hemorrhaging Cash Newsweek

 

💥 Russian billionaires expand their immense wealth despite Ukraine war sanctions NY Post

 

💥 Western start-ups seek to break China's grip on rare earths refining Reuters

 

💥 Solar panels used by British Army linked to claims of forced labor in China BBC

 

More news...

Corruption & Financial Crime

 

💸 IRS Criminal Investigation Unit Is Taking on More Crypto Tax Cases Bloomberg

 

💸 Gold bars featured in Sen. Bob Menendez bribery case are linked to a 2013 robbery CNBC

 

💸 Ivy League slashes price of ‘donor door’ from $20M to $2M after antisemitism storm NY Post

 

💸 Netanyahu corruption trial resumes, as war rages on CNN

 

More news...

Crypto & Cyber

 

🔐 Crypto’s Most Influential 2023 CoinDesk

 

🔐 GOP lawmakers call on Stripe to cut ties with terrorist-tied fundraiser Washington Examiner

 

🔐 Kremlin-backed hackers attacking unpatched Outlook systems Record

 

🔐 Accounting software provider Tipalti investigating alleged ransomware attack Record

 

🔐 AI Chatbot Jailbreaks Reveal Private Data from OpenAI and Amazon Decrypt

 

More news...

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