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🎯 ICBC to pay $32M to U.S. regulators over AML lapses. A Fed - NYDFS joint action came after the bank disclosed information to a third party without regulatory approval. Reuters
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🌎 Iraq finds nearly $800M fraud in funds for Islamic State victims. A three-month investigation led to the arrest of more than 30 suspects including senior state employees. Reuters
🌎 Businessman Arrested for Scheme to Illegally Export Semiconductors to Russia. Defendant Used Network of Businesses in China to Transfer Hundreds of Thousands of Semiconductors to Sanctioned Entities. DOJ
🔥 Hot Event: How Russian Banks Use Cash-for-Gold Schemes to Evade Sanctions. Register Here! Sayari
🌎 Trump Vows to 'Never Allow' U.S. CBDC if Reelected. The former President's stand against CBDCs forms part of a shift away from crypto skepticism as he attempts to woo the pro-crypto constituency. Decrypt
🌎 ‘Stablecoins’ Enabled $40 Billion in Crypto Crime. New report finds stablecoins, tied to the value of the US dollar, were used in the vast majority of crypto-based scams and sanctions evasion in 2023. Wired
🌎 Singapore Seizures Rise to $2.2B in Laundering Case. The developments have sent shockwaves through the orderly nation, prompting a review of the policies that may have been exploited. Bloomberg
🎙️ POD: An Interview with Jim Lee AML Conversations
🌎 DEA seized record 386M deadly fentanyl doses in 2023 – enough to kill every American. Nearly 10% of the captured drugs were seized in New York and came in the form of pills marketed as another drug. NYP
🌎 ABB's China operations under investigation by U.S. Congress. Swiss engineering group ABB's operations in China are being scrutinized by two U.S. Congress committees investigating Chinese security threats. Reuters
🌎 U.S. sanctions UAE shipping company for violating Russia oil price cap. Hennesea bought up older tankers known for shipping Russia crude which have repeatedly made port calls in Russia. UPI
🌎 Inside Biden’s secret surveillance court. In a deal to let companies keep trading transatlantic data, the White House built an opaque new forum that could affect national security and privacy rights. Politico
🌎 Virginia Man Sentenced To 24 Months For Exports To Iran. “Mr. Hajavi illegally shipped industrial equipment to the Iranian regime, smuggled restricted goods through the UAE to Iran, and caused a shipping company to submit false information to the US government.” Iran Int’l
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