Greetings! It’s October 7, and we’re tracking today’s top stories: How China pays for Iranian oil while avoiding U.S. sanctions, richest U.S. real estate baron disowns son in savage statement, how victim of self-styled 'British Kardashian' lost tens of thousands on non-existent designer handbags, why insurers are taking your money to the Cayman Islands, and much more…

***

Illicit Edge is the world’s source of financial crime news.
Tell a friend to subscribe here and never miss a story.

Powered by:

Join us!
📅 Thursday, October 23rd
🕕 2pm ET | 11am PT
📍 Zoom Webinar

🎯 FEATURED STORY

How China Pays for Iranian Oil While Avoiding U.S. Sanctions. Hidden arrangement secured by prominent Chinese insurer connects Tehran with its biggest customer. WSJ 

🔥 TOP STORIES

Richest US real estate baron disowns son in savage 12-word statement over alleged ‘ultimate man cave’ scam NYP

How victim of self-styled 'British Kardashian' lost tens of thousands on non-existent designer handbags Sky

Why Insurers Are Taking Your Money to the Cayman Islands WSJ

Why Russia-Linked Stablecoin Issuer A7A5 Could Exhibit at Token2049 Despite Singapore Sanctions CoinDesk

US Treasury sanctions Mexican companies for aiding Sinaloa cartel’s fentanyl production AP

Britain is ‘Leading the World’ Against Money Laundering Times

US Supreme Court Rejects Challenge by Turkey's Halkbank to Prosecution Reuters

Feds say ranking Latin King offered $10K for Bovino's murder CST 

What SWIFT's Blockchain Means for Stablecoins and Global Banks CoinDesk

‘Do You Believe I’m a Scam? Haha’ NY Mag

🚩 RUSSIA & CHINA

British parts found in Russian drones BBC 

Chinese Gov't Fronts Trick the West to Obtain Cyber Tech Dark Reading

Russia’s blacklisted tankers keep dumping oil in Europe’s seas Politico 

How China waged an infowar against U.S. interests in the Philippines Reuters

💸 CORRUPTION & FINANCIAL CRIME

How fraudsters are using crypto ATMs to launder millions from Canadian scam victims CBC 

Smuggling Tycoon’s Son Laundered Millions Through London Mosque Purchase OCCRP

Saudi Watchdog Detains Executives Tied to Diriyah Megaproject in Corruption Probe Semafor 

U.S. Lifts Sanctions on a Former Paraguayan Official Reuters

🔐 CRYPTO & CYBER

Hackers targeted a global conglomerate. A local community is counting the costs. CNN 

FBI and UK Warn Companies to Fix Major Software Bug Exploited by Hackers Record

Jaguar Land Rover Restarts Production After Cyberattack Guardian

Asahi Resumes Beer Production After Cyberattack BBC

🚚 TRAFFICKING

Ghislaine Maxwell Loses Appeal Over Sex-Trafficking Conviction Hill

North Korea’s wildlife is vanishing, hunted to the brink of extinction SCMP

Balloons carrying smuggled cigarettes over Lithuania closed Vilnius Airport for hours CNN

Live Web Event: Customer Screening in the Age of AI
Secure your spot!

Share Illicit Edge with friends!

They can subscribe here for free and never miss a story.