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1/24/24

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Hello Wednesday!  It's January 24, and weโ€™re tracking today's top stories: Iran sanctions evasion academy in Niger, Russian smuggling ring dismantled, China's corruption hunter becomes foreign minister, Trump prosecutor's luxury spending spree, and much more...

 

Visit Illicit Edge for much more of today's news...

 

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Featured Story

 

๐ŸŽฏ Iran Says Willing To Help Niger Overcome Sanctions. "We will definitely share the experiences we have in this field with our brothers from Nigerโ€ AFP 

 

Top Stories

 

๐ŸŒŽ International Smuggling Ring to Russia Dismantled. Coordinated raids in five countries led to the arrest of three people suspected of smuggling goods to Russia that could have military uses. AFP

 

๐ŸŒŽ He Hunted Corrupt Chinese Officials. Now Heโ€™s Set to Be Foreign Minister. Liu Jianchao was a key figure in Beijingโ€™s anticorruption โ€˜Fox Huntโ€™. WSJ

 

๐ŸŒŽ Inside Trump prosecutor Nathan Wadeโ€™s $6,000 spending spree on luxury cruises and Caribbean resorts. Resort amenities included beach and poolside services, coupleโ€™s spa, and vintage wines. NYP

 

๐ŸŒŽ How the US Became the Worldโ€™s Refuge for Dirty Money. Who needs the Bahamas anymore when youโ€™ve got Sioux Falls? Mother Jones

 

๐ŸŒŽ EU Moves Ahead on Plan to Tax Gains of Frozen Russian Assets. Ukraineโ€™s allies broadly agree that Russia needs to pay for the damage its war has caused. Bloomberg

 

๐ŸŒŽ I Study Economic Crime and Hang Out With Mexican Cartels. Bertrand Monnet is a professor, but his field work and research is a little unusual. VICE

 

๐ŸŒŽ Exxon shareholder lawsuit marks end of ESG era. Last week, Exxon sued two of its investors that are pushing a climate agenda at the energy giant. Semafor

 

๐ŸŒŽ New Wyoming Dig Shows Limits of Chinaโ€™s Export Controls. Instead of halting a rivalโ€™s economic activity, restrictions like Chinaโ€™s on chip designs might actually accelerate it. National Review

 

๐ŸŒŽ Sanction the Hamas nongovernmental organization in Turkey. As the U.S. Treasury searches for new Hamas sanctions targets around the world, KUTAD is an obvious entity to consider. Washington Examiner

 

๐ŸŒŽ Crypto Lender Nexo Seeking $3B in Damages From Bulgaria. Nexo has accused the country of making "wrongful and politically motivated actions... involving unjustified and oppressive criminal investigations." CoinDesk

 

๐ŸŒŽ Iraq no-frills carrier says no grounds for US sanctions. Fly Baghdad demanded the US Treasury provide evidence that could "convict the company or its management". AFP

IN THE NEWS

Russia

 

๐Ÿ‡ท๐Ÿ‡บ EU unlikely to confiscate Russian central bank assets Reuters

 

๐Ÿ‡ท๐Ÿ‡บ Aluminum Jumps After Report EU May Sanction Russian Metal Bloomberg

 

๐Ÿ‡ท๐Ÿ‡บ Netherlands arrests 3 on suspicion of dodging Russia sanctions Politico

 

๐Ÿ‡ท๐Ÿ‡บ Putin, Sisi mark new phase of Egypt's Russian-built nuclear plant Reuters

China

 

๐Ÿ‡จ๐Ÿ‡ณ Biden Admin Outsources Congressionally Mandated China Threat Report to Undergrads Free Beacon

 

๐Ÿ‡จ๐Ÿ‡ณ The $9 Billion Chip Plant Stuck in Limbo of US-China Rivalry Bloomberg

 

๐Ÿ‡จ๐Ÿ‡ณ EU draws up economic security plans, with eye on China Reuters

 

๐Ÿ‡จ๐Ÿ‡ณ EU moves to shield researchers from Chinese interference Politico

Corruption & Financial Crime

 

๐Ÿ’ธ Harvard Hires New Law Firm After Gayโ€™s Legalese Deepened Turmoil Bloomberg

 

๐Ÿ’ธ Canada's use of emergency powers 'unjustified' BBC

 

๐Ÿ’ธ UK says Fujitsu should pay hundreds of millions for Post Office scandal Reuters

 

๐Ÿ’ธ Miami attorneys bankrolled DEA bribery scheme AP

Crypto & Cyber

 

๐Ÿ” Solana Delivers 'Token Extensions' to Attract Compliance-Minded Token Developers CoinDesk

 

๐Ÿ” Mt. Gox Moves Seemingly Closer to Bitcoin Repayments For 2014 Hack Victims CoinDesk

 

๐Ÿ” North Korean-Linked Hackers Are Targeting Crypto Platforms More But Stealing Less Cointelegraph

 

๐Ÿ” Cops Used DNA to Predict a Suspectโ€™s Face โ€“ and Tried to Run Facial Recognition on It Wired

Trafficking

 

๐Ÿšš Latin America eases its crackdown on drugs Semafor

 

๐Ÿšš Chiapas Violence: Hundreds flee cartel battles in southern Mexico BBC

 

๐Ÿšš With Oregon facing rampant public drug use, lawmakers backpedal on pioneering decriminalization law AP

 

๐Ÿšš "El Gringo" โ€” alleged drug lord suspected in murders of 3 journalists โ€” captured in Ecuador CBS

Resources

 

๐Ÿ“˜ Financial Crime Salary Guide 2024 FincSelect

 

๐Ÿ“˜ Proposal of FinCEN Special Measure Regarding Convertible Virtual Currency Mixing Crypto Council for Innovation

 

๐Ÿ“˜ Top Five Crypto Regulatory and Policy Trends for 2024 Elliptic

 

๐Ÿ“˜ Financial Sanctions Evasion, Money Landering Through the Art Storage Sector HM Revenue & Customs

This is just a sample of today's news... Check out much more at
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