Hello! It’s August 5, and we’re tracking today’s top stories: Ex-Flagstar CEO tipped off client on money laundering probe, spilled sensitive info — as underling sat on his lap, Iran’s currency has plunged so much in value that Tehran plans to chop off four zeros, the Bank Secrecy Act is broken — technology can fix it, Chinese buyers flush with cash are swooping in on California homes, and much more…

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🎯 FEATURED STORY

Ex-Flagstar CEO tipped off client on money laundering probe, spilled sensitive info — as underling sat on his lap during video call. Ross Marrazzo, who worked as enterprise chief compliance officer, claims he was fired after investigating DiNello for money laundering and insider trading. NYP

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🔥 TOP STORIES

Iran’s currency has plunged so much in value that Tehran plans to chop off four zeros AFP 

Iran Touts Russia and China Coordination on Nuclear Plans Newsweek

The Bank Secrecy Act is broken. Technology can fix it. Coinbase

Chinese buyers, flush with cash, are swooping in on California homes SFGate

China Is Choking Supply of Critical Minerals to Western Defense Companies WSJ

The ‘shock and awe’ sanctions Trump hopes will end war in Ukraine Times

Venezuelan gang members sold drugs, guns to undercover feds in Chicago CST 

White House Preps Order to Punish Banks That Discriminate Against Conservatives WSJ

Ex-Obama officials face federal grand jury probe into whether they promoted false Trump-Russia ties NYP 

Mexico’s Drug Cartels Bedevil Sheinbaum’s Dealmaking With Trump WSJ 

The Uyghur Archipelago Free Beacon 

🚩 RUSSIA & CHINA

Trump again threatens India with tariffs over its trade with Russia Politico

India's Nayara exports first gasoline since sanctions Reuters

Ex-Huawei employees sentenced to jail for stealing semiconductor-related secrets SCMP 

World’s largest chipmaker TSMC says it has discovered potential trade secret leaks CNBC

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🔐 CRYPTO & CYBER

Crypto ATMs fueling criminal activity, Treasury warns Record 

$27M gone, no private keys exposed: How the BigONE hack happened Cointelegraph

‘Highly evasive’ Vietnamese-speaking hackers stealing data from thousands of victims in 62+ nations Cyberscoop

Hacked Crimean servers reveal information about abducted children Record

💸 CORRUPTION & FINANCIAL CRIME

Criminal gangs fake science papers for money Telegraph

Feds say Smartmatic bribed Venezuela's top election official with luxury home MH

U.S. condemns Brazil supreme court judge for ordering house arrest of ex-president Bolsonaro Guardian

Singapore tycoon pleads guilty in gifts scandal involving ex-minister BBC 

Ex–Hedge Fund Billionaire Loses Fraud Case Linked to Loans Against Works by Hirst, Prince, and Picasso Art News

🚚 TERROR & TRAFFICKING

Senator Cotton Presses IRS To Probe CAIR's Tax-Exempt Status, Citing 'Ties to Terror Organizations' Free Beacon 

Dismembered bodies of 32 people found in abandoned home in Mexico CBS 

Lawyers seeking Palestinian American businessman accused of aiding Hamas cannot find him TOI 

Former NFL Player Convicted of Operating Large-Scale Dog Fighting Venture DOJ

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