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🎯 HSBC Switzerland breached AML rules. FINMA ordered HSBC to conduct a review of all current business relationships with PEPs and will stop the bank from entering relationships with them. Reuters
Top Stories
🌎 Killed by a scam: A father took his life after losing his savings to international criminal gangs. “Pig butchering” con artists adopt false online identities and spend months financially grooming their victims. CNN
🌎 Citigroup Facing New Regulatory Knock on Its Living Will. FDIC is expected to vote Thursday to escalate concerns over 2021 resolution plan. Reuters
🚩 Formal Agreement with Credit Suisse AG New York Branch OCC
🌎 The ‘Perfect’ Umpire at the Center of Baseball’s Latest Gambling Scandal. Pat Hoberg, who was suspended by MLB for violating the sport’s gambling rules, has a sparkling reputation among the die-hard fans. WSJ
🌎 Treasury Targets Milorad Dodik’s Network of Wealth Generating Companies. OFAC hit two individuals and seven entities that provide revenue for U.S.-designated Republika Srpska and President Milorad Dodik. U.S. Treasury
🌎 Liz Warren Leans on Watchdog Group Filled With Anti-Israel Marxists To Garner Support for Private Equity Crackdown. The left-wing group's staffers defended Hamas, disrupted NYC traffic. Free Beacon
🌎 Trafigura to Pay $55 Million Over Fuel Oil Manipulation. The CFTC made three separate allegations of wrongdoing against Trafigura. Bloomberg
🌎 U.S. Bans Exports by Oregon Freight-Forwarder in Warning Shot to Industry. USGoBuy placed under a three-year export ban after violating settlement over riflescopes shipped to China and the Emirates. WSJ
🌎 FBI foils ISIS terrorist attack targeting Real Madrid players. A joint investigation has foiled a group linked to ISIS, after terror threats were made against players and spectators attending games. Mirror
🚩 Terrorist Designation of Harakat Ansar Allah al-Awfiya U.S. State Dept
🌎 How North Korea’s lucrative trade in human hair is helping it skirt the impact of sanctions. Pyongyang’s trade in wigs and false eyelashes is booming, offering a vital revenue stream for its nuclear ambitions. Guardian
🌎 Oil-Rich Angola Sees High Risk of Money Laundering for Its Banks. Angola, which is trying to avoid the FATF watchlist, said there’s a “high risk” of money laundering its banking industry. Bloomberg
🌎 Venezuela is one step away from losing Citgo. A U.S. court denies Maduro’s arguments to recover the oil company, which was poorly managed by both Chavismo and the opposition. El Pais
🌎 Top Dollar: Why the Dominance of America’s Currency Is Harder Than Ever to Overturn Foreign Affairs
🚩 Malaysia preparing to join BRICS Reuters
🌎 U.S. and Israel assessing new intelligence about Iran nuclear models. The new intelligence raised suspicions about Iran's nuclear research and development activities. Axios
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