Plus: Chat Leak โ€“ Hackers Breach OpenAI, Steal Secrets, Spark China National Security Fears...
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7/5/24

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Happy Friday!  Itโ€™s July 5, and weโ€™re tracking top stories to take you into the weekend: Raiffeisen's bet on Russia takes it to the brink, U.S. is putting the squeeze on the Sinaloa Cartel, a beautiful Chinese launderette, hacker steals OpenAI secrets - raising China fears, and much more...

 

๐Ÿ” Illicit Edge is on break part of next week. 

Back soon.  Stayed tuned!

Featured Story

 

๐ŸŽฏ How Raiffeisen's bet on Russia took it to the brink. Raiffeisen is on the front line of Americaโ€™s intense push to isolate Russia by reinforcing sanctions. Reuters

 

Top Stories

 

๐ŸŒŽ How the U.S. is putting the squeeze on the Sinaloa Cartel. Washington closes in on the Mexican crime gang responsible for huge volumes of fentanyl trafficking. El Paรญs

 

โ˜ ๏ธ Poisons in Paradise: How Mexican cartels target Hawaii with meth, fentanyl USAT

 

๐ŸŒŽ A Beautiful Chinese Launderette. In Mexico, cartels turn chemicals into pills and smuggle these north across the border, where they are sold for cash that needs to be cleaned. FT

 

๐ŸŒŽ Hacker infiltrated OpenAIโ€™s messaging system and โ€˜stole detailsโ€™ about AI tech. A security breach last year revealed internal discussions among researchers, but not the code behind OpenAIโ€™s systems. Independent

 

๐ŸŒŽ Security group led by China, Russia 'key pillar' of world order. Putin and Xi have expanded the Shanghai Cooperation Organization to include India, Iran and Pakistan as a counterweight to the West. Reuters

 

๐Ÿ‡ท๐Ÿ‡บ Russian armor-piercing tank rounds to be made in India Reuters

 

๐Ÿ‡ท๐Ÿ‡บ Update to Certain Russia-related Listings OFAC

 

๐ŸŒŽ The Not-So-Secret Network Access Broker x999xx. Certain old-school Russian hackers have done little to prevent people from figuring out who they are in real life. Krebs

 

๐Ÿ’ฅ IE Insights: What Are Access Brokers? Illicit Edge

 

๐ŸŒŽ Re-learning lessons from the past: NATO and economic deterrence. Thereโ€™s a growing need for the West to seamlessly integrate military deterrence with economic warfare once more. Politico

 

๐ŸŒŽ Maduroโ€™s Dirty Playbook. If his electoral ploys work, he may be able to rig the election long before election night, without the need to manipulate the vote count. MH

 

๐ŸŒŽ Brazilian police indict ex-President Bolsonaro in undeclared diamonds case. This indictment dramatically raises the legal threats facing the divisive ex-leader. AP

 

๐ŸŒŽ Former Defense Contractor Le Dain Faces Extradition for $350M Tax Evasion. He earned $350M but pretended funds were income to his wife. DOJ

IN THE NEWS

Russia

 

๐Ÿ‡ท๐Ÿ‡บ Russia's Oil Revenue Was Up 50% in June Bloomberg

 

๐Ÿ‡ท๐Ÿ‡บ Russian regulator encourages crypto to counter sanctions Reuters

 

๐Ÿ‡ท๐Ÿ‡บ The critical cog in Putin's machine and how British firms keep Russian gas flowing Sky

 

๐Ÿ‡ท๐Ÿ‡บ Iranian Central Banker Calls for Closer Financial Ties to Russia Bloomberg

 

๐Ÿ‡ท๐Ÿ‡บ Russia sentences U.S. man Robert Woodland to prison on drug charges CBS

 

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China

 

๐Ÿ‡จ๐Ÿ‡ณ Pentagon Has a Huawei Dilemma Congress Doesnโ€™t Want to Solve Bloomberg

 

๐Ÿ‡จ๐Ÿ‡ณ Huawei exec rejects idea that advanced chip shortage will hamper China's AI ambitions Reuters

 

๐Ÿ‡จ๐Ÿ‡ณ 384,000 sites pull code from sketchy code library recently bought by Chinese firm Ars

 

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Corruption & Financial Crime

 

๐Ÿ’ธ Fraud groups stealing billions from music industry via fake streams Sky

 

๐Ÿ’ธ Panamaโ€™s new president labels Panama Papers a hoax ICIJ

 

๐Ÿ’ธ Malaysia's Najib loses legal bid to serve sentence under house arrest AP

 

๐Ÿšฉ FATF Identifies Jurisdictions with AML/CFT, Terrorism, and Counter-Proliferation Finance Deficiencies FinCEN

 

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Crypto & Cyber

 

๐Ÿ” Microsoftโ€™s Midnight Blizzard source code breach also impacted federal agencies Verge

 

๐Ÿ” Global Banking Standard Setter Approves Disclosure Framework for Crypto Exposures CoinDesk

 

๐Ÿ” Global Police Operation Shuts Down 600 Cybercrime Servers Linked to Cobalt Strike Hacker News

 

๐Ÿ” Ransomware locks credit union users out of bank accounts Ars

 

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Trafficking

 

๐Ÿšš Sean โ€˜Diddyโ€™ Combs accused of sex trafficking and assault in lawsuit by adult film actress CNN

 

๐Ÿšš CBP Officers Seize $5M Worth Of Meth Newsweek

 

๐Ÿšš Rare plants hidden in toys - and other trafficking tactics BBC

"Never doubt that a small group of thoughtful, committed citizens can change the world; indeed, it's the only thing that ever has."
--Margaret Meade

๐Ÿ“ฉ

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