Plus: Putin Played Both Israel and Hamas. Now What?
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10/10/23

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Hello.  It’s October 10, and we’re tracking today's top stories: Israel risks new front with Iran proxies, Russia sanctions probe focuses on major oil trader, U.S., Venezuela in fresh sanctions relief talks, how Russia played both Israel and Hamas, and much more...

 

What’s the “T” in AML/CFT? Terrorism is deliberate violence against civilians to sow fear for political purposes. Disagree? Send your definition to contact@illicitedge.com.

Featured Story

 

🎯 Israel Attacks Risk New Front With Iran Proxies in Shadow War. Hamas is just one of many Iran-backed groups across the region, stretching from Iraq and Syria to Lebanon and Yemen. Bloomberg 

 

Top Stories

 

💥 U.S. Probe of Russia-Sanctions Busting Focuses on Major Oil Trader. The effort includes an investigation of Murtaza Lakhani, founder and chief executive of Mercantile & Maritime Group, a major oil trading and shipping company with head offices in Bahrain and Singapore. WSJ

 

💥 U.S., Venezuela in talks for fresh oil sanction exemptions. Washington has been trying to encourage negotiations between Maduro and the political opposition over elections in Venezuela and other demands. Reuters

 

💥 Russia Played Both Israel and Hamas. Will Moscow Take a Side? Since the start of Russia’s invasion of Ukraine, Putin’s foreign policy approach of balancing both sides has been limited by the international sanctions imposed on Russia. Moscow Times

 

💥 China's Rich Entrust Total Strangers To Sneak Cash Out Of The Country. Since international borders reopened post-pandemic, advisers to the rich report a surge in demand for overseas backup options. Bloomberg

 

💥 Inside FTX’s All-Night Race to Stop a $1 Billion Crypto Heist. The same day FTX declared bankruptcy, someone began stealing hundreds of millions of dollars from its coffers. Wired

 

💥 EU U-turns after halting Palestinian funding following Hamas attack. Splits within the Commission and among member states on plan to halt aid to the Palestinian Authority. Politico

 

💥 Biden interviewed in special counsel’s probe into classified documents found at his home, former office. The interview marks the first major development in the case known to the public in months and stands in stark contrast to Biden’s predecessor. CNN

 

💥 Team Trump Is Using ‘Fyre Festival Strategies’ in N.Y. Fraud Case. Trump and his lawyers are hoping to score some PR points, kick up as much dirt as possible, enrage the judge, trash some of the witnesses, and turn the process into a media circus. Rolling Stone

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IN THE NEWS

Iran

 

🚨 The US freed $6B in Iranian money. Did it help fund Hamas’ attack on Israel? Dallas Morning News

 

🚨 McConnell calls for allies to impose new severe sanctions against Iran The Hill

 

🚨 Iran’s Role in Israel Conflict Is Like a Russian Nesting Doll Bloomberg

Russia & China

 

🚩 Russia’s Economy Is Increasingly Structured Around Its War in Ukraine NYT

 

🚩 Sanctioned Tycoon Fridman Flees to Moscow From Israel After Hamas Attack Bloomberg

 

🚩 What happened to the TikTok Ban? Politico

 

🚩 What Russia Really Wants: How Moscow’s Desire for Autonomy Could Give America an Edge Over China Foreign Affairs

 

🚩 Huawei Challenges Spain’s 5G State Aid Rules, Fearing Exclusion Bloomberg

Corruption & Financial Crime

 

💸 Singapore banks sharpen scrutiny after $2B money laundering scandal Reuters

 

💸 Former Goldman Sachs banker convicted in looting 1MDB fund back in Malaysia to help recover assets AP

 

💸 Biden admin has let 99% of migrants stay in US since 2021 NY Post

Crypto & Cyber

 

🔑 Cyberattacks Targeting Israel Are on the Rise After Hamas Attack Bloomberg

 

🔑 Phishers Spoof USPS, 12 Other National Postal Services Krebs

 

🔑 US consumer watchdog mulls applying e-banking laws to crypto Cointelegraph

 

🔑 Bitstamp Courts European Banks as Region's Incoming Crypto Rules Boost Confidence CoinDesk

 

🔑 Vietnam tried to hack U.S. officials, CNN with posts on X WaPo

“Neither love nor terror makes one blind: Indifference makes one blind.” --James Baldwin

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