Plus: Standard Chartered Breached Iran Sanctions Through Chinese Importer, Indian Middlemen...
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2/12/24

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Happy Monday!  Itโ€™s February 12, and weโ€™re tracking top stories to start the week: Citi hit by new Fed rebuke and setbacks on consent orders, Russia slaps sanctions on British officials, four dried monkeys seized as illicit bushmeat at Boston airport, Standard Chartered linked to trade with sanctioned Iranian firms, and much more...   

 

Catch up on ALL the news at Illicit Edge...

Featured Story

 

๐ŸŽฏ Citi hit by new Fed rebuke, setbacks on consent orders. In December, the internal audit unit found some of the work done to improve risk management across the bank to be inadequate. Reuters 

 

Top Stories

 

๐ŸŒŽ Russia slaps sanctions on British officials, historians and academics. Russia imposed sanctions on 18 British citizens for what Moscow said was demonizing Russia and escalating the war in Ukraine. Reuters

 

๐Ÿ“Œ Russiaโ€™s planes fall apart as West blocks repairs Telegraph

 

๐Ÿ“Œ Chinese banks 'refrained' from dealing with Russia over sanctions fears SCMP

 

๐Ÿ“Œ EU Readies New Sanctions Targeting Foreign Companies Helping Russia's War Effort RFE

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๐ŸŒŽ Rhesus Pieces: Four dried monkeys seized as illicit bushmeat at Boston airport. Some super exotic items simply donโ€™t make for legal souvenirs, as one traveler returning to Boston from the DRC learned. Boston Herald

 

๐ŸŒŽ Standard Chartered linked to trade with sanctioned Iranian firms. Leaked transactions suggest it provided banking services to a Chinese company importing goods from two US-sanctioned Iranian firms. Bloomberg

 

๐ŸŒŽ Biden campaign joins TikTok in push for young voters. Last year, the Biden administration ordered government agencies to remove TikTok from federal government-owned phones and devices. Reuters

 

๐ŸŒŽ Inside Trump's plans to deport millions from the U.S. Trump would curtail the usual multistep deportation process by using an obscure section of the 1798 Alien and Sedition Acts. Axios

 

๐ŸŒŽ Trump dreamt of a โ€˜Huawei killer.โ€™ Biden is trying to unleash it. The Biden administration has committed more than $1.5B to try to persuade the world to use a technology that might allow American businesses back into the telecommunications equipment race. WaPo

 

๐Ÿšฉ Huaweiโ€™s offices in France raided by financial prosecutors CNN

 

๐ŸŒŽ Military Medals and a Famous Last Name: How a Con Man Made Off With Millions in Texas. Derek Hamm cultivated a persona of war hero turned family oilman before prosecutors stepped in. WSJ

 

๐ŸŒŽ Mexican drug cartels are targeting Americaโ€™s โ€˜last best placeโ€™. Cartel associates have flooded Montana with fentanyl and meth and set up operations on Indian reservations, where law enforcement is scarce. NBC

 

๐ŸŒŽ How an Afghan Drug Kingpin Became Beijingโ€™s Man in Kabul. Bashir Noorzai was once serving a life sentence in the U.S. Now heโ€™s the key conduit for growing ties between China and the Taliban. FP

 

๐ŸŒŽ UK sanctions 'extremist' Israeli settlers in West Bank. The measures impose strict financial and travel restrictions on the four individuals, who Britain said were involved in "egregious abuses of human rights". Reuters

 

๐Ÿšฉ FinCEN Requests Comments on Renewal of the OMB Control Numbers for BSA in Connection with SARs FinCEN

IN THE NEWS

Russia & China

 

๐Ÿ’ฅ Accused Russian spy worked for U.K. intelligence, met with prime ministers and princes WaPo

 

๐Ÿ’ฅ Xi Jinping's never-ending hunt for corruption in the Communist Party BBC

 

๐Ÿ’ฅ Russian billionaire's Power Machines wins lawsuit against PetroVietnam Reuters

 

๐Ÿ’ฅ China may be making more advanced chips despite U.S. sanctions โ€“ but it still faces big problems CNBC

 

๐Ÿ“˜ Working Group Paper #18 Energy Sanctions: Four Key Steps to Constrain Russia in 2024 and Beyond Stanford

Trafficking

 

๐Ÿšš More Than Half A Ton Of Cocaine From Costa Rica Seized In Guatemala AFP

 

๐Ÿšš Assadโ€™s billion-dollar drug industry keeps regime family โ€˜flush with money,โ€™ wreaks havoc across region Fox

 

๐Ÿšš Ecuador Follows El Salvador in Arresting Gangs and Retaking Prisons WSJ

Corruption & Financial Crime

 

๐Ÿ’ธ 30 thieves steal 133 tons of chicken from Cuban plant to buy laptops, appliances Reuters

 

๐Ÿ’ธ SkyCity's shares slip on anti-money laundering case against casino unit Reuters

 

๐Ÿ’ธ He Grew Up in the Shadow of the โ€˜Wolf of Wall Street.โ€™ Then He Got Into Debt Settlement. NYT

Crypto & Cyber

 

๐Ÿ” Ransomware tracker: The latest figures [February 2024] Record

 

๐Ÿ” DOJ shuts down โ€˜Warzoneโ€™ malware vendor and charges two in connection Record

 

๐Ÿ” How Tech Giants Turned Ukraine Into an AI War Lab Time

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