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4/26/24

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Happy Friday!  Itโ€™s April 26, and weโ€™re tracking top stories to take you into the weekend: Foreign aid package comes with new sanctions risks for companies, Princeton anti-Israel activists coordinate between campus radicals and outside groups, mother of corruption in Venezuela, Chinese nationals arrested for smuggling silicon chips, and much more...

 

Catch up on all the news any time at Illicit Edge!

Featured Story

 

๐ŸŽฏ Foreign Aid Package Comes With New Sanctions Risks for Companies. Prosecutors now have 10 years to investigate sanctions violations, and banks will be required to flag suspicious transactions that could be tied to fentanyl trafficking. WSJ  

 

Top Stories

 

๐ŸŒŽ Notes from Princeton Activists Show Coordination Between Campus Radicals and Outside Groups Aimed at Outfoxing University Administrators. Columbia University protesters are training and coordinating with their peers around the country. Free Beacon

 

๐ŸŒŽ Oil: 'Mother of corruption' in Venezuela. Corruption in Venezuela's oil industry is a many-headed monster that has devoured billions of dollars in taxpayers' money in the past 20 years. AFP

 

๐ŸŒŽ Chinese Nationals Arrested in U.S for Scheme to Illegally Export Semiconductor Manufacturing Machine. The duo attempted to bypass export restrictions by using intermediaries to disguise the true end user, a blacklisted Chinese company. DOJ

 

๐Ÿšฉ US wants allies to cut chip-related China exports amid Huawei alarm FT

 

๐ŸŒŽ UK, US and Canada impose more sanctions on Iran after Israel attack. In a coordinated announcement, the countries targeted Iran's drone and missile industries by hitting key individuals and companies. Politico

 

๐ŸŒŽ Construction boss accused of bribing Russian minister as scandal widens. Alexander Fomin suspected of paying bribes to Deputy Defense Minister Timur Ivanov. NBC

 

๐ŸŒŽ Turncoat warlord at center of Myanmar drama. Army headed by Saw Chit Thu said to earn $190M a year from Myawaddy gambling and crime hub Reuters

 

๐ŸŒŽ FBI warns Americans against using unregistered crypto money transmitting services. Authorities included an official tool from FinCEN to let users look up if a company is registered as an MSB. Block

 

๐ŸŒŽ Health insurance giant Kaiser will notify millions of a data breach after sharing patientsโ€™ data with advertisers. Kaiser is the latest healthcare organization to confirm it shared patientsโ€™ personal information with third-party advertisers by way of online tracking code. TechCrunch

 

๐ŸŒŽ A Chinese Firm Is Americaโ€™s Favorite Drone Maker. Except in Washington. U.S. authorities consider DJI a security threat while it dominates the commercial and consumer drone markets. NYT 

 

๐ŸŒŽ How North Koreaโ€™s Man in the West Ran Afoul of US Authorities. Alejandro Cao de Benรณs has been accused of violating sanctions in connection with a 2019 cryptocurrency conference. Bloomberg

IN THE NEWS

Russia

 

๐Ÿ‡ท๐Ÿ‡บ Russia embraces K-pop and anime as sanctions limit Western entertainment Semafor

 

๐Ÿ‡ท๐Ÿ‡บ Russia Asset Seizure Law Spurs Yellen Praise, Dollar Angst Bloomberg

 

๐Ÿ‡ท๐Ÿ‡บ Pro-Kremlin oligarch's impounded yacht is being auctioned off to Ukraine BI

 

๐Ÿ‡ท๐Ÿ‡บ Russia sanctions-busting? Big questions remain over UK car exports Sky

 

๐Ÿ‡ท๐Ÿ‡บ EU Weighs Sanctions on Russian LNG Projects, Transshipments Bloomberg

 

๐Ÿ‡ท๐Ÿ‡บ US and Russia are vying to build Ghanaโ€™s nuclear energy plant Semafor

 

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China

 

๐Ÿ‡จ๐Ÿ‡ณ Huaweiโ€™s New Phone Sports Latest Version of Made-in-China Chip Bloomberg

 

๐Ÿ‡จ๐Ÿ‡ณ Huawei-led Chinese firms aim to make advanced memory chips by 2026 Reuters

 

๐Ÿ‡จ๐Ÿ‡ณ China harbors ship transporting North Korean munitions to Russia Telegraph

 

๐Ÿ‡จ๐Ÿ‡ณ States Take On China in the Name of National Security WSJ

 

๐Ÿ‡จ๐Ÿ‡ณ ByteDance prefers TikTok shutdown in US if legal options fail Reuters

 

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Corruption & Financial Crime

 

๐Ÿ’ธ ICCโ€™s vicious smear tactics against Americaโ€™s allies NYP

 

๐Ÿ’ธ Could NFL see next Saudi sportswashing controversy? Awful Announcing

 

๐Ÿ’ธ Vietnam soft drinks boss jailed for 8 years RFA

 

๐Ÿ’ธ Malaysia ex-PM Mahathir under investigation as probe widens SCMP

 

๐Ÿ’ธ South Africa Sends Top Officials to UAE Over Gupta Extraditions Bloomberg

 

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Crypto & Cyber

 

๐Ÿ” Samourai Wallet Charges Raise Existential Questions for Privacy Tech CoinDesk

 

๐Ÿ” UK Law Enforcement Agencies Can Now Seize Crypto More Easily CoinDesk

 

๐Ÿ” Millions of IPs remain infected by USB worm years after its creators left it for dead Ars

 

๐Ÿ” North Korean Lazarus hacker group using LinkedIn to target and steal assets Cointelegraph

 

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Trafficking

 

๐Ÿšš What George Kellyโ€™s Mistrial Says About How We See the Border New Yorker

 

๐Ÿšš DR Congo demands answers from Apple over โ€˜blood mineralโ€™ supply chain concerns Semafor

 

๐Ÿšš Georgians arrested over cross-Europe thefts of rare library books Guardian

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