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🎯 Treasury wants "sharper scalpel" to dissect foreign investment. The potential influence of companies based outside the U.S. — like China's ByteDance, which owns TikTok — is one of the emerging themes in the presidential election. Axios
📌 Romney Leads Senate Hearing on Strengthening Export Controls Enforcement U.S. Senate
Top Stories
🌎 Lebanese man accused of funneling funds to Hamas found dead. Surur was sanctioned in 2019 by the U.S. Treasury for transferring tens of millions of dollars per year between Iran and Hamas. Reuters
📌 Switzerland Backs EU Sanctions Against Six Hamas Supporters Bloomberg
🌎 Former Ethereum Adviser Intends to Sue U.S. Government for $9.6B Over Dropped Extortion Charges. Steven Nerayoff has retained well-known civil liberties lawyer Alan Dershowitz to serve as a consultant on constitutional issues in the case. CoinDesk
🌎 Honeytraps don’t work on French spies as their wives are so used to them cheating. Spies working for the DGSE said their Russian foes have learned over the years that it was pointless to try to blackmail them by threatening to expose their extramarital affairs. NYP
🌎 China sanctions 2 U.S. defense companies for sales to Taiwan. The announcement freezes the assets of General Atomics Aeronautical Systems and General Dynamics Land Systems held within China. ABC
📌 Mapping the Chip Smuggling Pipeline and Improving Export Control Compliance CSIS
🌎 US to consider concerns about China's Brite in trade sanction decisions. The Biden administration will consider concerns about Chinese chip designer flagged by Republican Senator Rubio as it decides what firms to add to a trade sanction list. Reuters
🌎 Lloyds cuts risk management roles in bid to ‘move at greater pace’. Lloyds operates a self-described three lines of defense risk model, where three separate layers of management review compliance with regulations. Telegraph
🌎 Vietnam property tycoon Truong My Lan sentenced to death in whopping $27B fraud case. After a five-week trial, 85 others also face verdicts and sentencing on charges ranging from bribery and abuse of power to appropriation and violations of banking law. CBS
🌎 DeFi Exchange Uniswap Receives Enforcement Notice from the SEC. Uniswap’s CEO Hayden Adams took to X to say that the exchange is “ready to fight”. CoinDesk
🌎 Sicily's Mafia Is Expanding Its White-Collar Crime. While mobsters continue to follow the money in big cities, they are also feeding on increasing inequality and polarization to undermine the declining and indebted Italian state. Bloomberg
🌎 US DOJ files complaint against Regeneron, alleges fraudulent drug pricing. By not reporting to Medicare all price concessions for Eylea, the drugmaker violated the False Claims Act. Reuters
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