Greetings! It’s January 16, and we’re tracking Russia reparation bonds for Ukraine reconstruction, Tether cryptocurrency becomes top choice for crooks, North Korean hackers share money laundering networks in SE Asia, Chinese banks tightens curbs on Russia, BNP Paribas sanctions case study, and much more...
Featured Story
🎯Reparation bonds could unlock $300B for Ukraine. Ukraine would sell securities which pay out if it receives reparations from Russia for the damage done by the war. Reuters
Top Stories
💥 Tether Cryptocurrency Becoming ‘Preferred Choice’ Among Money Launderers. Financial authorities and law enforcement have reported a rapid uptick in the use of “sophisticated, high-speed money laundering” teams specializing in tether. Forbes
💥 North Korean hackers, criminals share money laundering networks in Southeast Asia. The Lazarus Group has perpetrated a string of high-profile cyber heists and ransomware attacks. Reuters
💥 China Banks Tighten Curbs on Russia After US Sanctions Order. China’s state-owned banks are tightening curbs on funding to Russian clients after the U.S. authorized secondary sanctions on overseas financial firms that aid Moscow’s war effort. Bloomberg
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💥 U.S. Deputy Treasury Secretary to Discuss Use of New Russia Sanctions Authority. Adeyemo's trip to Europe and Japan comes ahead of the two-year anniversary of Russia's Ukraine invasion. Reuters
💥 The War Has Reined In Ukraine’s Oligarchs, at Least for Now. Oligarchs have lost billions from the shelling of their factories, and the government has used its wartime powers to break their political influence. NYT
💥 Stop Snorting Cocaine If You Want to Help Ecuador. The country’s turmoil is intrinsically linked to the cocaine consumption boom in the U.S. and Europe. Bloomberg
💥 Fauci's former boss concedes Covid lab leak was not conspiracy theory. Collins also agreed with Fauci that social distancing six feet apart wasn’t based on scientific data. Fox
IN THE NEWS
China
🇨🇳 Chinese chipmakers boost networking with Japanese companies to navigate export controls FT
🇨🇳 China Chip Imports Suffer Steepest Drop on Record After US Curbs Bloomberg
🇨🇳 You can now pay with your palm in China -- from the metro to your coffee CNN
Russia
🇷🇺 Mad Over Russian Billions? Tax, Don’t Confiscate. Bloomberg
🇷🇺 Finland Mulls Banning Russians From Buying Real Estate Moscow Times
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