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Citgo Twist, Tariff Cracks, and ISIS Returns

Illicit Edge - Edition for September 20, 2025

Hello! It’s September 20, and we’re tracking top stories to take you through the weekend: $10 billion Citgo auction could finally end twisting saga of Venezeulan expropriation, Canada and Mexico Turn to Trains and Ports to Skirt U.S. Tariff Wall, The Return of ISIS, inside the narco-subs that cross oceans carrying tons of cocaine, and much more…

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🎯 FEATURED STORY

$10 billion Citgo auction could finally end twisting saga of Venezeulan expropriation, imprisoned execs, and a long-shot NYC mayoral candidate Fortune

🔥 TOP STORIES

Canada and Mexico Turn to Trains and Ports to Skirt U.S. Tariff Wall NYT

The Return of ISIS Foreign Affairs

‘Insane journeys’: inside the narco-subs that cross oceans carrying hundreds of millions of pounds of cocaine Guardian

EU hammers Putin and charms Trump by targeting China, India in new Russia sanctions Politico

Oil Sanctions Have Made Russia’s Shadow Fleet Swell NYT

Trump unveils $1M Gold Card for world’s wealthiest immigrants Washington Times

‘GoLaxy Papers’ Detail China’s AI Persona Operation Record

Scammed into scamming Reuters

Cybercriminals Have a Weird New Way to Target You With Scam Texts Wired

‘Scattered Spider’ Took $115M in Ransom, Breached a U.S. Court System Record

UN Security Council Rejects Bid to Stop Iran ‘Snapback’ Sanctions AP

Russia, Vietnam using energy profits to avoid U.S. sanctions for arms deals AP

IN THE NEWS

🚩 RUSSIA & CHINA

Chinese Official Admits U.S. Sanctions Are Costing People Jobs in Xinjiang SCMP

Russia’s Oil Price Advantage Shrinks Despite Sanctions Risks Reuters

U.S. Official Questions Lithium Project’s Viability Amid China Competition Free Beacon

Japan Imposes New Sanctions on Russia; Moscow Vows to Retaliate Reuters 

Chinese executive jailed for 25 years in US for trafficking fentanyl chemicals AFP

European Union looks to speed up Russian gas phase-out after Trump push CBS

💸 CORRUPTION & FINANCIAL CRIME

Speaker makes 'strong and punchy' protest to home secretary over dropping of Chinese spy charges Independent

Philippines Faces Mass Protest as Anger Grows over Alleged Government Corruption Guardian

Vale Says It Lost $38M amid Brazil Mining Graft Case Bloomberg

Rhode Island Man, 75, Gets 4 Years for Laundering $35 Million Providence Journal 

Anwar vs Mahathir: Malaysia’s corruption showdown comes full circle SCMP

🔐 CRYPTO & CYBER

Cyber-attack causes delays at Heathrow and other European airports BBC 

Texas teen uses computer science to fight scammers CBS

U.S. charges British teenager accused of at least 120 ‘Scattered Spider’ hacks TC 

Treasury Takes Next Step To Turn GENIUS Act Into Stablecoin Rules CoinDesk 

Canada dismantles TradeOgre exchange, seizes $40M in crypto BC

🚚 TRAFFICKING

Trump details third US strike on suspected drug traffickers Politico

Draft Bill Would Let Trump Use Military against Drug Cartels NYT

South Africa police uncover $20M crystal meth lab BBC

House Panel Probes PayPal over Chinese Money Laundering and Fentanyl Links WPN 

Illegal border crossers who turned to smugglers could face terrorism charges Border Report

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