Plus: Masked Gunmen and a Stolen Toilet – How Russia Seized a Ukrainian City’s Businesses…
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7/14/23

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Breaking News for Financial Crime Professionals

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Happy Bastille Day! It’s July 14, and we’re tracking today’s top stories: Putin's preferred Wagner head, the CCP's Chinese mafia, UAE moves against gold launderer, how Russia seized Ukrainian businesses, and much more...

 

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Featured Story

 

🎯 Andrei Troshev: Who is Wagner mercenary Putin wants to replace Prigozhin? Vladimir Putin proposed to Wagner Group fighters that a senior mercenary known as "Sedoi", which means "grey hair" in Russian, command them instead of Yevgeny Prigozhin. Reuters  

 

Top Stories

 

🌎 Outlaw Alliance: How China and Chinese Mafias Overseas Protect Each Other’s Interests. Around the world, China’s shadow war of espionage, long-distance repression, political interference and predatory capitalism is drawing attention and alarm. ProPublica

 

🌎 UAE Suspends Gold Refiner on Owners’ Alleged Laundering Link. The London Bullion Market Association, which regulates the UK capital’s precious metals market, followed suit and suspended the refinery’s affiliate membership after a due diligence review. Bloomberg

 

🌎 Masked Gunmen and a Stolen Toilet: How Russia Seized a Ukrainian City’s Businesses. Not long after Russia’s military took control of the Ukrainian city of Melitopol, balaclava-clad men arrived at the head office of one of its largest companies, beat its security guards and announced that the business was under new ownership. WSJ

 

🌎 Celsius founder Alex Mashinsky arrested and charged with fraud. Both Mashinsky and Celsius's former chief revenue officer were charged with manipulating the price of Celsius's proprietary crypto token, while covertly selling their own tokens at artificially inflated prices. CBS News

 

🌎 California prosecutor Erin West on the massive wealth transfer to Southeast Asia from 'pig butchering’. The Santa Clara County deputy district attorney has made it her mission to fight back against these scams and the people executing them. Cyberscoop

 

🌎 Shein lawsuit accuses fast-fashion site of RICO violations. Three designers were "surprised" and "outraged" to see their products faithfully copied and sold by the Chinese fast-fashion retailer. CBS News

 

🌎 Huawei Books $560 Million From Patent Deals in 2022. Huawei has had to remake itself after Washington’s strict sanctions cut off its access to a wide spectrum of chips and software using American technology. Bloomberg

 

🌎 U.S. probing Exxon contractor in Guyana for smuggling drugs, gold. Nazar Mohamed and his son, Azruddin, are partners in a lucrative venture to build Exxon a shore base in Guyana for its massive offshore oil operation. Reuters

 

🌎 Ex-JPMorgan exec Jes Staley, pedophile Jeffrey Epstein’s special friendship. Jeffrey Epstein had a “profound” friendship with Jes Staley, who said he missed Epstein after he was jailed for procuring underage girls. NY Post

 

🌎 Iranian president welcomed in Zimbabwe with anti-West songs on the last stop on his Africa trip. Both countries are under U.S. sanctions and Raisi’s trip to Africa, which has already included stops in Kenya and Uganda, highlights Iran’s efforts to counter them. AP

 

🌎 Biden suspends satellite monitoring of Colombian coca crops as cocaine surges. The State Department said the move was “temporary” but gave no timeframe for data collection to resume or explain why it was suspended in the first place. AP

 

🌎 U.S. Treasury Department Announces Andrea Gacki as the New Director of FinCEN. Gacki, who’s headed OFAC since 2019, "guided the office through major world events, including most recently, its role countering Russia’s illegal and unprovoked war against Ukraine." Reuters

IN THE NEWS

China

 

🇨🇳 China's latest export, after fentanyl, is counterfeit postage stamps Fox News

 

🇨🇳 US Bill Aims to Counter China Control of Congo Critical Minerals Bloomberg

 

🇨🇳 Bill that could close Hong Kong trade offices in US advances in Senate SCMP

 

🇨🇳 China’s Huawei Launches Innovation Center in South Africa VOA

 

🇨🇳 Germany blasts China on human rights, but shies away from economic restrictions Politico

Russia

 

🇷🇺 Saudi Arabia imports record volumes of discounted Russian fuel oil in June Al-Monitor

 

🇷🇺 Iran just joined a pact with Moscow and Beijing — here’s what it means for the US The Hill

 

🇷🇺 Russian Tycoon Says UK Seized His Canary Wharf Superyacht Just to Look ‘Tough’ Bloomberg

 

🇷🇺 Ukraine warns key Russian gas supply to Europe will be cut Politico

Corruption & Financial Crime

 

💰 IRS says it collected $38 million from more than 175 high-income tax delinquents AP

 

💰 Washington’s Favorite Teams — Now Partly Owned by a Foreign Autocracy Politico

 

💰 Cuba condemns EU Parliament resolution calling for sanctions against president Reuters

 

💰 Deloitte admits misuse of government information as scandal engulfing PwC widens Guardian

 

💰 European court denies effort by Venezuela ex-official to avoid US extradition Reuters

Crypto & Cyber

 

🔐 Judge rules XRP is not a security in SEC's case against Ripple CoinDesk

 

🔐 FTX spent $376 million to get a $2 million license in Europe. Now its caretaker CEO wants the money back. Fortune

 

🔐 CISA gives US civilian agencies until August 1 to resolve four Microsoft vulnerabilities The Record

 

🔐 USB drive malware attacks spiking again in first half of 2023 Bleepingcomputer

Have a great weekend!

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