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Cocaine Canary, Caracas Coin, and Caesar Sanctions
Illicit Edge - Edition for October 27, 2025
Happy Monday! It’s October 27, and we’re tracking top stories to start the week: 6.5 tons of cocaine seized from boat off Canary Islands after tip from U.S., How Venezuela’s Autocrat Uses Crypto to Fight Trump’s Sanctions, Inside Congress' battle to repeal Syria's Caesar sanctions, Fresh Off Trump Pardon, Changpeng Zhao Launches Stablecoin in Kyrgyzstan, and much more…
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🎯 FEATURED STORY
6.5 tons of cocaine seized from boat off the Canary Islands after tip from U.S. Spain is one of the main gateways for cocaine into Europe, due to its links with Latin America, where the drug is produced, and its geographical location in the southwest of the continent. CBS
🔥 TOP STORIES
How Venezuela’s Autocrat Uses Crypto to Fight Trump’s Sanctions NYT
Inside Venezuela's narco-terror gang 'Cartel of the Suns' in Trump's crosshairs Sun
Inside Congress' battle to repeal Syria's Caesar sanctions Al Monitor
Fresh Off His Trump Pardon, Changpeng Zhao Helps Launch Stablecoin in Kyrgyzstan Gizmodo
Binance founder’s pardon shows power of Trump allies on K Street Politico
Sanctioned Russian Oil Will Find New Ways to Flow WSJ
HSBC to recognize $1.1 billion provision in third quarter after court ruling in Madoff case CNBC
JPMorgan Chase wants out of paying $115M legal tab for convicted fraudsters AP
X-ray tables, marked cards and the Mafia: How the FBI says poker games were rigged ESPN
Two Defendants Convicted of Conspiring to Provide Material Support to ISIS DOJ
M&S ousts Indian outsourcer accused of £300m cyberattack failures Telegraph
'We Do Not Kneel': Colombian President Defiant In Response To US Sanctions AFP
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IN THE NEWS
🚩 RUSSIA & CHINA
Trump’s TikTok Deal Will Supposedly Close on Thursday Gizmodo
Russia's top Indian oil buyer Reliance says it will abide by Western sanctions Reuters
Georgia arrests three Chinese nationals for trying to buy uranium illegally CNN
EU trying to end China rare earth dependence DW
‘Snapback’ sanctions are deepening the Iran-Russia alignment Atlantic Council
💸 CORRUPTION & FINANCIAL CRIME
Corruption Probe Underway at Rio Tinto’s Mongolian Copper Mine WSJ
Help! We're drowning in corruption Labash
Betting Scandals Are Rocking Sports. Will Prediction Markets Help or Hurt? Decrypt
German police seize fake Picassos in multi-million euro forgery raid BBC
Rand strengthens after South Africa removed from 'grey list' Reuters
🔐 CRYPTO & CYBER
AI is about to supercharge cyberattacks Axios
The mysterious figure accused of masterminding a $14bn crypto scam BBC
North Korea Has Stolen Billions in Crypto, But the Ability to 'Fight Back Is Growing' Decrypt
Your Browser’s Password Manager Is Better Than Ever. You Still Shouldn’t Use It. Wired
🚚 TRAFFICKING
Belgium is basically a narco-state Politico
Accused fentanyl kingpin dubbed "Brother Wang" extradited from Cuba to U.S. CBS
Can Anyone Rescue the Trafficked Girls of L.A.’s Figueroa Street? NYT
FBI indicts dozens in Philadelphia on drug charges AP
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Tuesday, October 28th at 3pm
Join Illicit Edge and Hummingbird for an exclusive conversation on the collision of Washington, DC policy and AML compliance reality.
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