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Barclays Hit, Interactive Brokers Whacked, and Buddhist Blackmail
Illicit Edge - Edition for July 16, 2025
Hello! It’s July 16, and we’re tracking today’s top stories: Barclays fined millions over financial crime risk lapses, Interactive Brokers fined $12 million for U.S. sanctions breaches, Thai police arrest woman who seduced and blackmailed Buddhist monks, Russian university launches master’s program on sanctions circumvention, and much more…
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🎯 FEATURED STORY
Barclays fined millions over financial crime risk lapses. The FCA said Barclays "facilitated the movement of funds linked to financial crime" by providing services to Stunt & Co and said there was "an increased risk" of client money misappropriation or money laundering from its failure to check WealthTek. BBC
🔥 TOP STORIES
Interactive Brokers fined nearly $12 million for alleged US sanctions breaches OFAC
Thai police arrest woman who seduced and blackmailed Buddhist monks AP
Top Russian University Launches Master’s Program on Sanctions Circumvention Moscow Times
Crypto Exchange BigONE Confirms $27M Hack, Vows Full User Compensation CoinDesk
How a Russian national laundered $530M in crypto via Tether Cointelegraph
Police in Haiti seize a ton of cocaine in a boat raid that leaves 3 suspects dead AP
America’s Biggest Rare-Earth Producer Makes a Play to End China’s Dominance WSJ
House GOP revolt slams brakes on GENIUS Act Axios
Trial starts for Tornado Cash developer Roman Storm in New York Block
Trump threatens countries that do business with Russia with 100% tariffs CBS
Europe gives Iran deadline to contain nuclear program or see sanctions reinstated Guardian
Lebanon Bans Banks From Dealing With Hezbollah 'Charitable Organization' Free Beacon
UAE Off EU Watchlist, Critics Say Reforms Fall Short OCCRP
Palestinian Terrorism, American Funds? WSJ
IN THE NEWS
🚩 RUSSIA & CHINA
Little-Known Microsoft Program Could Expose the Defense Department to Chinese Hackers ProPublica
Slovakia blocks EU move to impose new sanctions package on Russia Guardian
Nvidia Can Sell AI Chip to China Again After CEO Meets Trump WSJ
Utah forces China and linked companies to sell land FOX
Affiliate of Danish Company Helps Russians Export Grain From Ukraine OCCRP
Moldovan, Russian money laundering scheme uncovered in North Carolina ABC
🔐 CRYPTO & CYBER
Three key questions after Afghan data leak sparked unprecedented secret evacuation BBC
Crypto is top money laundering threat, warns new EU watchdog FT
Google says ‘Big Sleep’ AI tool found bug hackers planned to use Record
Federal IT contractor to pay $14.75M fine over ‘cyber fraud’ allegations Record
How 4 North Korean agents stole $900K from a US crypto startup and what you can learn from it Cointelegraph
💸 CORRUPTION & FINANCIAL CRIME
Vitaliy Shabunin Case Sparks Concerns Over Corruption And Justice In Ukraine RFE
SEC ends Cognizant bribery case that the DOJ also abandoned Reuters
‘Professional gambler’ ran $9M Ponzi scheme in San Antonio Express News
Public officials exploited nonprofit to cash in on Amazon data centers, reap millions OregonLive
Debtors Who Failed to Disclose Foreign Assets Lose Bankruptcy Discharge DOJ
🚚 TRAFFICKING
Indonesia dismantles baby trafficking ring SCMP
German customs officials show images of tarantulas hidden in spongecake boxes after smuggling bust AP
Mexico urges US to curb drug traffickers and gun flows Semafor
Illegal border crossings hit decades low under Trump crackdown Axios
Pakistani Leader of International Alien Smuggling Organization Extradited from Mexico DOJ
Pakistani drones back, pushing drugs & guns into India Times of India
Hummingbird: Designed for the true heroes of the financial industry.
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