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🎯McCarthy’s sales pitch for his deal: Less money for law enforcement. The right’s inherent skepticism of government power generates an enormous political opportunity to cast increased IRS funding as part of a nefarious plot to make non-wealthy Americans’ lives harder. [more]
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🔸Fake Signals and American Insurance: How a Dark Fleet Moves Russian Oil. During at least 13 voyages, the three tankers pretended to be sailing west of Japan. In reality, they were at terminals in Russia and shipping oil to China. [more]
🔸1MDB fugitive Jho Low placed in Macau as associates in spotlight. Malaysia’s anti-corruption body reveals Jho Low’s alleged whereabouts after questioning of 1MDB suspect Kee Kok Thiam. [more]
🔸A Q&A with Wazawaka: The FBI’s cyber Most Wanted says new designation won’t affect his work. The State Department has offered a $10 million reward for information leading to Matveev’s arrest. [more]
🔸US unveils Caesar sanctions on Syrian money service businesses. As part of the tranche of sanctions, the Treasury Department also blacklisted the three brothers who own and operate Al-Fadel Exchange, which it said has also facilitated payments from the regime to a Hezbollah financial official. [more]
🔸US sanctions Chinese and Mexican firms over fentanyl making equipment. The United States sanctioned more than a dozen Chinese and Mexican companies on Tuesday, accusing them of shipping or selling equipment that makes counterfeit pills. [more]
🔸How new EU sanctions on Iran’s Revolutionary Guards could backfire. More than 200 Iranian individuals and 37 entities have now been blacklisted by the EU in an eighth round of sanctions. [more]
🔸TikTok Creators’ Financial Info, Social Security Numbers Have Been Stored In China. TikTok has stored the most sensitive financial data of its biggest stars — including those in its “Creator Fund” — on servers in China. [more]
🔸Italy police arrest 40 mafia suspects for drug smuggling via Chinese money brokers. The breakthrough comes less than a month after an operation in which European police arrested more than 100 mafia suspects in a major operation. [more]
🔸Crypto Exchange bitFlyer Aligns Itself With FATF 'Travel Rule' With New Restrictions. Restrictions targeting 21 countries include only allowing select crypto and transfers to platforms that comply with Coinbase-led Travel Rule Universal Solution Technology (TRUST). [more]
🔸UAE Central Bank Issues AML/CTF Guidance for Dealing With Virtual Assets. The new guidance discusses the risks arising from dealing with virtual assets and virtual asset service providers, including on due diligence for licensed financial institutions. [more]