Powered by INTRANA
Welcome to the Future of Tokenization

Hello Wednesday! It’s November 13, and we’re tracking today’s top stories: Here’s what Trump’s return means for U.S. sanctions policy, U.S. scrutinizes Russia accounts UBS took over from Credit Suisse, North Korean malware evades Apple notarization, Spanish police arrest ex-fraud chief after $21M found in walls of his house, and much more…

💸 Illicit Edge Originals
Inside TD Bank’s $3 Billion Money Laundering Disaster

Jim Richards joins the latest episode of Designated with Yaya Jata Fanusie

Featured Story

🌎 Here’s What Trump’s Return Means for U.S. Sanctions Policy. Trump is not alone in his skepticism of trade and financial sanctions as an instrument of economic statecraft. Bloomberg 

🚩 U.S. Allows Americans to Hold Foreign Conferences With Speakers Under Sanctions NYT

Top Stories

🌎 U.S. scrutinizes Russia accounts UBS took over from Credit Suisse. UBS is seeking to contain any potential fallout from OFAC's queries by cordoning off suspect money. Reuters

🌎 North Korean malware evades Apple notarization, targets macOS users. The newly discovered malware is interesting for being the first of its kind detected. Cointelegraph

🌎 Spanish police arrest ex-fraud chief after €20m found in walls of his house. Investigation into country’s largest cocaine bust reveals cash in home of former head of anti-money laundering. AFP 

🌎 FTX is suing Binance to recover nearly $1.8B. The FTX estate alleges the funds were fraudulently transferred by Sam Bankman-Fried. Verge 

🔐 U.S. Asks to Seize Crypto Tied to Bankman-Fried Bribery Charge Bloomberg 

🌎 A Drug Gang Stole 3 Tons of Gold in a Scam So Perfect It’s Still Going. Miners are plundering one of the biggest mother lodes of gold in Latin America, led by gunmen who seized tunnels from a Chinese mining giant. WSJ

🌎 Car bombs. Massacres. A cartel turf war. Mexico’s new president confronts a wave of violence. LAT

🌎 Insurance Mogul Greg Lindberg Pleads Guilty to Conspiracy Charges. Entrepreneur agrees to help government recover billions in assets to repay insurance policyholders. WSJ 

🌎 Metro Bank fined nearly £17m for failure to monitor potential money laundering. Problems were raised by junior staff three years before they were completely resolved. Guardian

🌎 Turkish Police Arrest 270 Suspected Member of Major Organized Crime Network. Turkish authorities have arrested hundreds of individuals believed to be part of a notorious crime syndicate led by Ramazan Bayğara. OCCRP

🌎 Snowflake hackers identified and charged with stealing 50 billion AT&T records. The U.S. government has accused Connor Moucka and John Binns of being the hackers who broke into the systems of AT&T. TechCrunch

Russia & China

📌 Russia’s economy is overheating Semafor 

📌 China's Volt Typhoon shows signs of returning Axios 

📌 AstraZeneca says it’s taking China’s investigations into fraud, illegal drug importation and data collection ‘very seriously’ AFP

📌 Iranian Bank Cards Now Usable in Russia AFP

📌 Russia’s Arctic LNG 2 Barely Pumps Any Gas After Sanctions Lock In Exports Bloomberg 

📌 Chinese official ruined by crypto investments gets life in prison for selling state secrets Record

Corruption & Financial Crime

💸 Could a Trump Presidency Cost Columbia University $3.5 Billion? Free Press 

💸 Months After Estonia Drops Swedbank Case, Trove of Office Memos Show Laundering Was Open Joke OCCRP

💸 King Charles’ godson had extensive business ties with a US defense contractor accused of massive tax evasion ICIJ 

💸 Man gets 10 years for stealing $20M in nest eggs from 400 US home buyers Ars

💸 US sanctions Sudan RSF commander over human rights abuses AFP

Crypto & Cyber

🔐 Foreign National Pleads Guilty to Laundering Millions from Crypto Investment Scams DOJ 

🔐 Delta, Amazon confirm vendor breach as dark web posts revive MOVEit leak concerns Record 

🔐 Hack on Stop & Shop Owner Expected to Weigh On Instacart’s Results Bloomberg 

🔐 Controversial UN cybercrime treaty clears final hurdle before full vote as US defends support Record

Trafficking

🚚 College Student Busted at LAX with 13 T-Shirts Soaked in Meth VICE 

🚚 Sinaloa Cartel Crackdown as Millions of Dollars of Meth Seized Newsweek

🚚 France declares war on drug trafficking with a special plan to reduce crime El Pais

“In a closed society where everybody's guilty, the only crime is getting caught.” —Hunter S. Thompson

Share Illicit Edge with friends!

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