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🎯 EU leaders approve using profits from frozen Russian assets. Of around $300B of Russian foreign reserves frozen by countries participating in sanctions at the onset of Moscow's war on Ukraine, the majority sit in the EU. Politico
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🌎 Moscow to retaliate in kind if EU uses profits from frozen Russia assets. Head of the lower house of Russia’s parliament warns that ‘far more assets belonging to unfriendly countries’ will be grabbed in response if the EU confiscates earnings of Russia’s frozen holdings. Politico
🌎 FATF Advances Efforts to Counter Money Laundering and Terrorist Financing. During three days of meeting, delegates worked through a full agenda on key money laundering, terrorism financing and proliferation financing issues. Financial Action Task Force
🌎 Moscow court upholds Rosbank's $12M damages claim against Citi. Rosbank first asked the court for damages in July, requesting interim asset seizures, concerned about Citi's efforts to fully extricate itself from Russia. Reuters
🌎 Venezuela's worst gangsters have crossed into the US illegally and are unleashing chaos in Dallas, Chicago and Miami. In Dallas, the Venezuelan neighborhood known as 'Villa Dallas' has descended into mayhem. Daily Mail
🌎 The Hunt for Crypto’s Most Famous Fugitive. ‘Everyone Is Looking for Me.’ U.S. and South Korean authorities had been investigating Do Kwon over his role in one of the biggest disasters in cryptocurrency history. WSJ
🌎 The Crypto Whistleblower at the Center of the Sam Bankman-Fried Storm. In January, while under house arrest, Bankman-Fried handed Ms. Fong more than two hundred pages of his private Google documents. Rolling Stone
🌎 Traders and Banks Strike Deals in Russian Metals as Taboo Fades. Nearly two years since the invasion of Ukraine, a handful of western banks and traders from Citi to Trafigura Group are increasingly willing to enter new deals for Russian metals. Bloomberg
🌎 Turkish fund denies supporting Hamas after US sanctions move. Trend GYO said it was established with foreign capital and is a profit-oriented institution subject to regular audit by Turkey's Capital Markets Board. Reuters
🌎 Hedge Fund Two Sigma Is Hit by Trading Scandal. A researcher manipulated the firm’s models in an attempt to boost his compensation, and the changes led to unexpected gains and losses of $620 million across its funds. Bloomberg
🌎 UN Warns of Growing Money Laundering, Shadow Banking Risk from Mekong Casinos. Transnational criminal gangs are using Southeast Asia’s booming and increasingly digital gambling industry as a shadow banking system to covertly move and launder ever more dirty money. VOA
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