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🎯 The Profitable, Underfunded Agency in Charge of US Sanctions. America’s use of economic sanctions has grown by almost 1,000% since 2001. So why isn’t Congress giving the office enforcing them more resources? Bloomberg
🎙️ The Tiny Mighty Sanctions Office Big Take
Top Stories
🌎 Hamburg bank suspected as ‘financial hub’ for Iranian terror. Investigation has led Varengold Bank to all but close commercial banking operations. Politico
💥 Iraq's central bank revokes Iran's Bank Melli operating license Reuters
💥 Meta boots Iran despot Ali Khamenei from Facebook, Instagram after calls to ‘wipe Israel off map’ MEI
🌎 Snoop Dogg, Master P allege Walmart, Post Foods hid their cereal in sabotage plot. The musicians say the two firms undermined Snoop Cereal after the rappers initially declined to sell the brand. NBC
🌎 NY attorney general expands crypto lawsuit, sees $3B fraud. New York Attorney General Letitia James expanded her lawsuit against Digital Currency Group and other cryptocurrency defendants. Reuters
🌎 U.S. sanctions four entities, one ship for violating Russian oil price cap. Talassa Shipping is accused of being involved in shipping multiple cargos of Russia-origin crude oil using ships loaded at Russian ports last year. UPI
📌 Latest US Oil Sanctions Make Greek Owners Wary of Russian Return Bloomberg
🌎 The Oil Was From Iran. The Insurance Was From New York. American Club says its compliance program is top-notch and that it would never knowingly insure a ship that violates sanctions. Bloomberg
🌎 Financial Big Brother is Watching You. Especially if enhanced by AI, a financial history can give almost any institution an immediate, unpleasantly accurate outline of anyone’s life, habits, and secrets. Racket News
🚀 Hearing Notice: Oversight of the Financial Crimes Enforcement Network and Office of Terrorism and Financial Intelligence House FSC
🌎 The Spectacular Crash of a $30B Property Empire. Benko’s sprawling empire of trophy real estate and department stores has imploded into the biggest property bankruptcy in Europe. WSJ
🌎 Feds offer up to $10 million reward for info on Hive ransomware hackers. Since 2021, Hive has targeted more than 1,500 institutions in over 80 countries, leading to theft of more than $100M. CBS
🌎 Lawmakers urge Commerce to put TikTok on export control list. Efforts have stalled in Congress to ban TikTok or give the Biden administration new powers to restrict app. Reuters
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