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Xi Jin Bling, Cocaine Swap, and Tehran Oil Fraud

Illicit Edge - Edition for March 25, 2025

Greetings! It’s March 25, and we’re tracking today’s top stories: Xi Jinping’s family wealth persists despite anti-corruption drive, cocaine trafficking soars at border as fentanyl overdoses decline, Iranian oil tankers using forged Iraqi documents, lawsuit targets anti-Israel campus leaders for ‘aiding and abetting’ Hamas, and much more…

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🎯 FEATURED STORY

Xi Jinping’s family wealth persists despite anti-corruption drive. Xi’s relatives have retained significant financial holdings and benefited from political connections through private and state-owned businesses. RFA

🔥 TOP STORIES

Cocaine trafficking soars at border as fentanyl overdoses decline News Nation

How cartels move funds without detection Coercive Capital

Iranian oil tankers using forged Iraqi documents Reuters

Lawsuit Targets Anti-Israel Campus Leaders for ‘Aiding and Abetting’ Hamas NYP

China Has Already Remade the International System Foreign Affairs

The U.S. is not prepared to win an economic war against China-built containerships CNBC

Treasury defangs anti-money-laundering law Politico 

Treasury’s play for regulatory control puts it on collision course with Fed Semafor 

An American Helped Build Russia’s Economy. He Was Jailed on Bogus Charges. NYT

Trump’s Advisers Are Divided on Iran. Which Way Is the President Leaning? Free Press 

Trump says any country buying Venezuelan oil will face a 25% tariff CNN

IN THE NEWS

💥 RUSSIA & CHINA

Iran Sanctions Come to China WSJ 

China rolls out new rules to step up countermeasures to foreign sanctions Reuters

Russia starts trial of former defense official accused of bribery and embezzlement AFP 

Asymmetric sanctions on Russian individuals CEPR

Malaysia to tighten semiconductor regulations under US pressure Reuters 

Indonesia to join BRICS' New Development Bank Reuters

💸 CORRUPTION & FINANCIAL CRIME

Another person pleads guilty in Feeding Our Future fraud CBS

UK Art Businesses Fined for Money Laundering Compliance Failures Art News 

Ex-FIFA chief Blatter and Platini cleared in corruption case Reuters 

New report sounds alarm on 'staggering' amount of foreign money pouring into US universities Fox 

Wife of Bob Menendez was ‘partner in crime’ Politico 

Ex-Michigan football assistant pleads not guilty to cyber fraud ESPN

🔐 CRYPTO & CYBER

A Crypto Coder’s Invention Was Used by North Korean Hackers. Did He Commit a Crime? WSJ 

How Gamergate foreshadowed the toxic hellscape that the internet has now become CNN 

23andMe faces an uncertain future — so does your genetic data TechCrunch

Canadian citizen allegedly involved in Snowflake attacks consents to extradition to US Cyberscoop

🚚 TRAFFICKING

The small-town mayor accused of trafficking and spying for China BBC 

Secret ovens and human remains: grisly Mexico killing site spotlights forced disappearances Guardian 

22 charged for role in drug trafficking organization linked to Beltran Leyva Cartel Fox

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