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7/19/23

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Breaking News for Financial Crime Professionals

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Greeting! It’s July 19, and we’re tracking today’s top stories: Russia exploits arctic route to evade sanctions, U.S. blacklists spyware vendors, EU prepares sanctions against Belarus, a hidden pipeline in Central Asia sustains Russia, and much more...

 

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Featured Story

 

🎯 Russia Exploits Arctic Route to Hasten Oil Deliveries to China: Following EU sanctions, Russia has turned to China and India for its crude oil markets, resulting in lengthier and costlier delivery times. Bloomberg 

 

Top Stories

 

🌎 US Blacklists Spyware Vendors Amid National Security Threats: A European firm, Cytrox, linked to the Predator spyware found on several high-profile individuals' phones has been blacklisted by the US. Axios

 

🌎 EU Prepares Military Sanctions Against Belarus: The EU is set to approve sanctions mirroring those against Russia, targeting illegal routing of military components through Belarus. Politico

 

🌎 Hidden Tech Pipeline in Central Asia Sustains Russia: A concealed pipeline in Central Asia provides Russia with banned tech in the form of sturdy all-weather quadcopters. WaPo

 

🌎 US Companies Aided Russian Oil Production Post-Ukraine Invasion: Even amidst Western sanctions, major US oilfield service providers supported Russia's economy by supplying crucial equipment. AP

 

🌎 US Issues Waiver Permitting Iraq to Pay Iran for Electricity: The US has granted Iraq a 120-day waiver, allowing payments to Iran for electricity to be made in non-Iraqi banks located in third countries. Reuters

 

🌎 US Secret Service Confiscates Funds From Bahamian Bank Amid Fraud Probe: During an investigation into international money laundering syndicates, the Secret Service seized funds from Deltec. CoinDesk

 

🌎 Crypto Fund Fraud Leads to Nine-year Sentence for $249M Scheme: Eddy Alexandre has been sentenced for a commodities fraud targeting primarily the Haitian-American community in New York. Bloomberg

 

🌎 Iranian Oil Lingers Off Texas Coast, Untouched by US Firms: US firms, fearing Iranian retaliation, are hesitant to handle the captured oil onboard the Suez Rajan. WSJ

 

🌎 Arkham Offers Reward for Info on $415M FTX Heist: Arkham promises a bounty of 100,000 ARKM tokens for information identifying the individuals behind the substantial theft from FTX. Decrypt

 

🌎 Inside the Negotiations of Ransomware Gangs: Successful encryption gives ransomware attackers leverage, which they use to extort their victims. Fast Company

 

🌎 Google Accidentally Leaks Intelligence Employee Names Via VirusTotal: The VirusTotal service inadvertently leaked names of intelligence and defense employees while sharing malware signatures with the cybersecurity community. The Record

IN THE NEWS

China

 

🇨🇳 Morgan Stanley moves 200 technologists out of China on data law Reuters

 

🇨🇳 China tracks, traces its enemies with Orwellian digital currency assault Washington Times

 

🇨🇳 US Plans Narrow China Tech Investment Limits, Likely by 2024 Bloomberg

 

🇨🇳 US diplomacy push after Chinese balloon incident comes under bipartisan fire at House panel SCMP

 

🇨🇳 US bill would punish enablers of Uyghur human rights violations in China RFA

Russia

 

🇷🇺 South Africa says Putin will skip a summit next month because of his ICC arrest warrant AP

 

🇷🇺 What’s next for Wagner chief Prigozhin’s hydra-headed media empire? Politico

 

🇷🇺 Is Russia really siding with the UAE against Iran? Atlantic Council

 

🇷🇺 RedCurl hackers return to spy on 'major Russian bank,' Australian company The Record

Crypto & Cyber

 

🔐 Societe Generale Becomes First Company to Win French Crypto License CoinDesk

 

🔐 Ripple Attorney Says XRP Court Ruling Could Bring US Banks Back as Clients Decrypt

 

🔐 The Biden administration is tackling smart devices with a new cybersecurity label The Verge

 

🔐 Scammers are using Google results to target desperate travelers WaPo

 

🔐 Amazon’s in-van surveillance footage of delivery drivers is leaking online The Verge

"Common sense is not so common."

--Voltaire

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