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6/26/23

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Breaking News for Financial Crime Professionals

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Happy Monday! It’s June 26, and we’re tracking today’s top stories: US delays new sanctions against Wagner Group in strategic pause, bomb threats and ransom demands threaten top retailers, EU adds to Iran sanctions list, the shadiest charities in America, and much more…

 

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Featured Story

 

🎯Wagner Sanctions Delayed: US takes a strategic pause in announcing new sanctions on Wagner's African gold businesses to avoid appearance of siding with Putin. [WSJ]

 

Top Stories

🌍 Retail Bomb Threats Go Ransom: A crypto twist! New type of bomb threats with ransom demands now target big retailers like Walmart, Kroger, and Whole Foods. [Insider]

🌍 EU Adds 7 Individuals to Iran Sanctions List: New listings include prosecutors responsible for trials against executed protesters and a regional IRGC commander. [Reuters]

🌍 Charity CEOs - Saints of Sinners? The dark underbelly of the $2 trillion US charity industry. Is your money really going where you think? [Daily Mail]

🌍 Cyprus Foils Iranian Terror Attack: Relief and alarm as Cyprus thwarts an Iranian terror operation against Israelis. [Radio Free Europe]

🌍 China's Fentanyl Factories: Groundbreaking case! US charges Chinese companies with supplying deadly fentanyl precursors to Mexico's Sinaloa Cartel. [Reuters]

🌍 Great Wall of China Strategy: Salesforce and other firms pivot to a new model in China in risk management shift, separating operations from global business. Will it work? [WSJ]

🌍 Honesty Scholar Falsifies Data: Really?! Harvard professor studying honesty is under scrutiny for alleged data falsification. [The Guardian]

🌍 Darknet Marketplace Falls: Man faces charges for running the notorious Monopoly marketplace, selling various illicit drugs since 2019. [The Record]

🌍 BreachForums Seized: The infamous hacker playground, BreachForums, finally gets shut down by federal authorities. The end of an era. [TechCrunch]

IN THE NEWS

Russia & China

🐉 Private Plane Exodus: Moscow's elite hit the skies, fleeing the city en masse. Where are they going? [Ukrayinska Pravda]

🐉 Sanctions vs Global Trade: The potential impact of sanctioning China in a Taiwan crisis – a whopping $3 trillion global trade risk. [Insider]

🐉 Russia's War Patron: Meet Konstantin Malofeyev, Russia’s “Orthodox Oligarch” fueling war in Ukraine. [Radio Free Europe]

🐉 China's Jet in Sanctions Crosshairs: Could US sanctions clip the wings of China's new C919 narrow-body passenger jet? [SCMP]

🐉 Vetting Chinese Investments: America's new game plan to vet Chinese investments. Will it pay off? [Economist]

Scandals 

💥 Fatal Love Triangle: The girlfriend of a dentist who killed his wife during an African safari gets a 17-year sentence. [CNN]

💥 Crypto Chaos in the Balkans: One crypto fugitive flips the political dynamics of a Balkan nation upside down. [NY Times]

💥 Epstein's Gourmet Outings: Epstein and Tim Zagat’s ritzy New York dinners. [Daily Beast]

💥 Selling Stolen Art – An Inside Look: The art of selling stolen masterpieces explained. [Forbes]

💥 Cannabis & Corruption: Maria Arena, Belgian MEP, finds herself again in the glare of the Qatargate scandal. [Politico]

Crypto & Cyber

🔒 US Sits on Bitcoin Goldmine: The US Government is the Bitcoin king, but why isn’t it selling? [Forbes]

🔒 Crypto Travel Rule Stumbles: Poor implementation of the crypto travel rule – FATF notes concerns. [Cointelegraph]

🔒 Twitter Hacker Behind Bars: 2020 Twitter hacker faces the music – a 5-year sentence for his notorious deeds. [CoinDesk]

🔒 Binance Faces Belgian Ban: Belgian regulator slams the brakes on Binance's crypto services. A significant blow? [CoinDesk]

🔒 NYC Schools Data Breach: Hackers compromise the sensitive info of 45,000 students. [NY Post]

Corruption & Financial Crime

💰 Netanyahu's Fancy Gifts: Confirmation of Netanyahu's 'gift conveyor belt'. But will it affect his legal standing? [Haaretz]

💰 Nissan CEO's Espionage Drama: Allegations fly as Nissan's CEO is accused of putting his deputy under surveillance. [Reuters]

💰 Dictator's Handbook: How autocrats are swapping tips and tricks. [Washington Post]

💰 Repeat Fraudster Strikes Again: Serial scammer faces fresh charges of fraud and identity theft in a real estate Ponzi scheme. [Sun Sentinel]

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