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TD Pressure, Fentanyl Fight, and Kindergarten Intifada
Illicit Edge - Edition for October 31, 2024
Happy Halloween! It’s October 31, and we’re tracking today’s top stories: Senator Warren presses DOJ on accountability of TD executives, U.S. imposes sanctions on top members of Mexican fentanyl-trafficking cartel, The Kindergarten Intifada, inside a firewall vendor's 5-year war with Chinese hackers, and much more…
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Featured Story
🎯 Elizabeth Warren Presses DOJ on Accountability of TD Executives. Senator Warren asks why DOJ didn’t charge high-ranking executives at TD Bank over AML failings. Bloomberg
Top Stories
🌎 US imposes sanctions on top members of the armed wing of Mexican fentanyl-trafficking cartel. Five Mexican citizens and two companies linked to La Linea were hit with sanctions. AP
💥 Illicit Edge Original: Networks that Fuel the Fentanyl Crisis with Former DEA Head Ray Donovan Coercive Capital
🌎 The Kindergarten Intifada. There is a well-coordinated, national effort between teachers, activist organizations, and administrators to indoctrinate American children. Free Press
🌎 Inside a Firewall Vendor's 5-Year War With the Chinese Hackers Hijacking Its Devices. Sophos went so far as to plant surveillance “implants” on its own devices to catch the hackers at work. Wired
🌎 Largest U.S. Drone Manufacturer Says It Will Need To Ration Batteries For Customers After Sanctions By China. The China sanctions are an effort to eliminate it and increase the world’s reliance on Chinese-made drones. Forbes
🌎 Opportunities for Blockchains and Digital Assets to Support and Enhance U.S. National Security. With regulatory certainty, the benefits of digital assets and blockchain technology will grow exponentially, say four national security experts. CoinDesk
🔐 The Worst of Crypto Is Yet to Come Atlantic
🌎 The “Fire-Breathing Texas Trial Lawyer” Filing All Those Diddy Lawsuits. Tony Buzbee is behind the slew of recent Sean Combs allegations. Hollywood Reporter
🌎 Why we should return to ‘maximum pressure’ against Iran. The Trump policy showed that well-enforced sanctions could cripple Iran’s economy. WaPo
🌎 US targets Russia with fresh sanctions following Moscow's attempts at evasion. The US has added 400 companies and individuals from China, India, Turkey and elsewhere to its sanctions list. Euro News
🌎 Election Risk Threatens US Dollar Dominance. Underpinning the dollar’s dominance is the rule of law and institutions that transcend individual politicians. Bloomberg
🚩 FATF Identifies Jurisdictions with AML/CFT Deficiencies FinCEN
IN THE NEWS
Russia
🇷🇺 Russia fines Google $2.5 decillion for YouTube bans – eclipsing global GDP Fortune
🇷🇺 BIS Steps Back From Digital Payment Project Touted by Putin Bloomberg
🇷🇺 Swiss Lawyers Hit by U.S. Sanctions for Hiding Dirty Russian Money Bloomberg
🇷🇺 Russia’s economy is overheating but Putin cannot change course Atlantic Council
China
🇨🇳 The Election-Year Fight Over What Counts as Chinese-Owned U.S. Farmland WSJ
🇨🇳 A global financial war has just escalated on a new digital front SCMP
🇨🇳 AstraZeneca says its China operations president under investigation Reuters
Corruption & Financial Crime
💸 A Financier Penned a Crime Novel. Prosecutors Want to Know How Much Was Fiction. WSJ
💸 Trafigura warns of potential $1.B hit from fraud in Mongolia Reuters
💸 Cuban immigrant joins Medicaid racket in Miami but flees back to island with loot MH
💸 Singapore’s affluent veneer hides repression and corruption AP
💸 Majority of Mexico’s Supreme Court justices resign after judicial reform CNN
Crypto & Cyber
🔐 FTX's Nishad Singh Gets No Prison Time for Role in Crypto Exchange Collapse CoinDesk
🔐 'FakeCall' Android Malware Can Now Hijack Bank Calls PCMag
🔐 Amazon Cybersecurity Sleuths Emerge From the Shadows Bloomberg
🔐 Investigation Reveals MrBeast’s Secret Crypto Wallets, $23 Million Insider Trading BeInCrypto
🔐 MyTrade Head First to Plead Guilty Among Group of Firms Accused of Gaming Markets CoinDesk
🔐 Large Peruvian bank warns of data theft after dark web post emerges Record
“When the sword is once drawn, the passions of men observe no bounds of moderation.” —Alexander Hamilton
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