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Hello! It’s June 21, and we’re tracking today’s top stories: Singapore fines Citi and DBS for Wirecard breaches, Google Cloud enters AML space with AI product, Rotenberg Files expose how Putin’s allies outsmart sanctions, inside fashion’s dark underbelly of exploitation, and much more.

Featured Story

🎯Regulatory Actions Intensify in Singapore – DBS and Citi fined over breaches in Wirecard scandal, a significant step in Singapore's efforts to curb illicit flows and reinforce its status as a key financial hub. Bloomberg

Top Stories

🔸Google's Anti-Money Laundering AI – Google Cloud launches a game-changing AI solution to assist global financial institutions in detecting money laundering. Information Age

🔸The Rotenberg Files Unveiled – Insights into how Putin's allies, including Boris and Arkady Rotenberg, have managed to outsmart sanctions amid Russia's increasingly dark political landscape. OCCRP

🔸The Dark Side of Fashion – An investigation into the unregulated world of modeling agencies, revealing the sexual and financial exploitation lurking beneath the industry's glamorous surface. Variety

🔸Russia's Tech Acquisition – Despite Western-imposed export controls and sanctions, the Russian military continues sourcing banned tech from U.S. firms. Newsweek

🔸Huawei, ZTE Under U.S. Surveillance in Cuba – U.S. intelligence bolsters suspicions about the role of telecom giants in expanding China's capabilities on the island. WSJ

🔸Hunter Biden's Plea Deal – Serious charges against Hunter Biden dropped following a 'slap on the wrist' plea agreement. NY Post

🔸Trump's Oman Real Estate Deal – Ethical concerns as Mr. Trump's financial stake in one of the world's most volatile regions grows. NY Times

🔸U.S. Imposes New Sanctions on Myanmar – The U.S. continues promoting accountability for the coup and related violence in Myanmar. Reuters

🔸Swedbank Settles U.S. Sanctions Violations – The bank reaches a resolution over its alleged anti-money laundering shortcomings in the Baltic region. MarketWatch

🔸South Sudanese Officials Sanctioned by U.S. – Key officials are implicated in overseeing forces that raped hundreds of women and girls between 2018 and 2021. The Hill

🔸JPMorgan's Epstein Connection – Epstein advised JPMorgan executive Jes Staley even while serving time for soliciting minors in Florida. Daily Beast

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IN THE NEWS

China

💠 Bank of China's halting of Russia's CNY transfers

💠 Volkswagen's talks on an audit of Xinjiang plant

💠 Former NYPD officer convicted of stalking for China

💠 Chinese gambling tycoon faces repatriation

and more...

Latin America

💠 World's biggest illegal shark fin seizure in Brazil

💠 Former Peruvian PM's detention on conspiracy charges

💠 McCarthy vows to restrict DHS funding over Chilean gangs

💠 How cocaine cartels planned wild prison break

and more...

Corruption & Financial Crime

💠 Two Ex-Wirecard Asia Employees Get Jail Time

💠 Pentagon's Ukraine accounting error

💠 Paris Olympic organizers suspected in corruption probe

💠 Auto tycoon Ghosn denies corrupt payments

and more...

Cyber & Crypto

💠 New DOJ unit will focus on prosecuting nation-state cybercrime

💠 Inside North Korea's Cryptocurrency Extortion Ring

💠 Atomic Wallet Hackers Use THORChain to Conceal Stolen $35M Funds

💠 AI-generated child sex images spawn new nightmare for the web

and more...

"War does not determine who is right - only who is left." --Bertrand Russell

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