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Sinaloa Splinters, FinCrime Rules, and Iraq Attacks Corruption
Illicit Edge - Edition for July 8, 2026
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Hello Wednesday! It’s July 8, and we’re tracking today’s top stories: Sinaloa’s War of the Splinters, Federal Reserve requests comment on a proposal to amend its requirements for banks to maintain anti-money laundering programs, Iraq Seizes More Cash and Gold in Oil Ministry Corruption Probe, Billion-Dollar Babies – The Big Business of Eel Trafficking, and much more…
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🎯 FEATURED STORY
Sinaloa’s War of the Splinters: The government has fought back amid U.S. demands that it do even more. It should harness that pressure to tackle the official collusion and corruption that sustains organized crime. International Crisis Group
🔥 TOP STORIES
Federal Reserve Board requests comment on a proposal to amend its requirements for banks to maintain anti-money laundering programs U.S. Federal Reserve
Iraq Seizes More Cash and Gold in Oil Ministry Corruption Probe Asharq Al-Awsat
Iraq: PM Announces Rewards for Whistleblowers as Anti-Corruption Crackdown Widens OCCRP
Billion-Dollar Babies – The Big Business of Eel Trafficking DW
Greek shipping companies made almost $4bn carrying Russian oil in past three years Financial Times
UK imposes sanctions on institutes and scientists associated with Russia’s political assassinations program The Insider
Canadian spy agency reports hacking three criminal groups in 2025 The Record
Over 1,000 arrested in global crackdown on human trafficking networks INTERPOL
Casino operator fined $170k after failing to report potential money laundering Toronto Star
Former Nanjing official sentenced to death for $325 million bribery Associated Press
Facing US export controls, China’s DeepSeek plans to make its own chips Ars
AI startup CEO pleaded guilty in US to trading on insider tips from lawyers Reuters
Emerging drug trafficking corridor from Western to Eastern Europe disrupted – 20 suspects arrested in coordinated operation across Czechia, Slovakia and Ukraine Europol
‘Strong deterrent’: Indonesia expels 92 Chinese suspected scammers South China Morning Post
France fines owner of detained “shadow fleet” tanker Tagor €1 million for lack of flag as ship resumes voyage The Insider
IN THE NEWS
🚩 RUSSIA & CHINA
International Olympic Committee lifts Russia suspension ahead of 2028 LA Games AP
China May Restrict Access to Its Most Powerful AI Models TIME
Chinese lidar maker with Nvidia ties accused of being cyber risk for U.S. CNBC
Italy arrests two over alleged spying for Russia Reuters
Why A.I. Distillation Has Become a Hot Topic in the Race with China The New York Times
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🚀 SANCTIONS & TERROR
The not-so-hidden costs of giving Iran $300 billion The Washington Post
Israel fortifies border with Jordan as Iran seeks new terror path Fox News
Russia's largest bank plans crypto wallet launch as Moscow clears market path CoinDesk
A Sudden Glut of Oil Threatens to Weaken Iran’s Hand in Talks The Wall Street Journal
Telegram recruiters seek saboteurs in EU countries, offering $3,000 for arson attacks on Ukrainian organizations abroad The Insider
💸 CORRUPTION & FINANCIAL CRIME
Former mayor of Mississippi’s capital pleads guilty to bribery and fraud The Guardian
Swiss probe money laundering claims against Gabon’s former first lady AFP
Inside the European Gambling Operations of a Wanted Turkish Businessman OCCRP
Jewelry worth millions of dollars stolen from French museum in daring early-morning raid CBS News
Union Ex-President Pleads Guilty to Theft and Wire Fraud Charges U.S. Department of Justice
🔐 CRYPTO & CYBER
U.S. SEC to propose crypto rule as soon as this month to ease startups, fundraising CoinDesk
Crypto exchange Kraken says its auditor quit after the SEC sued. Now it's suing the auditor. Business Insider
Court Filing Reveals Windows Device ID Helped FBI Trace Alleged Scattered Spider Hacker The Hacker News
The Project Crypto Scheme The American Prospect
US law firm Blank Rome faces class action over data breach Reuters
Major medical device manufacturer notifies nearly 4 million of breach The Record
🚚 TRAFFICKING
ICE renews hunt for El Chapo's last two fugitive sons with massive reward Fox News
Animal smuggling across US southern border risks spread of flesh-eating parasite The Baltimore Sun
Blue city gang bangers slapped with multiple charges after massive sex trafficking crackdown Fox News
Spanish Authorities Confiscate a Record Amount of Ecstasy OCCRP
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