Tariff Evasion and Fraud Seen Behind Record Gap in U.S.-China Trade Data
A record mismatch in official trade statistics is complicating efforts to measure how far the U.S. and China have “decoupled,” according to Bloomberg, which cited an $112-billion gap between what Beijing said it exported to the United States and what U.S. Customs and Border Protection recorded as arriving.
TFI’s Hurley to Exit After Objecting to Minneapolis Crackdown
A senior Treasury Department official is preparing to resign after privately raising objections to a White House-backed initiative aimed at alleged fraud tied to the Somali immigrant community in Minnesota.
Germany to Overhaul How It Fights Criminal Syndicates and Financial Crime
Germany will overhaul its core federal security agencies and deploy artificial intelligence as part of a crackdown on organized crime, related money laundering, and other financial crimes, Reuters reported Wednesday.
Waste Crime Is Rising as Management Market Reaches $1.2tn in Value
Waste crime and trafficking is expanding globally, fueled by profit incentives in a fast-growing waste-management industry and compounded by major blind spots in official data, according to a newly released report by the UN Office on Drugs and Crime (UNODC).
How Claude the Chatbot Helped Steal Data from Mexico’s Government
A hacker exploited Anthropic PBC’s Claude chatbot to help breach multiple Mexican government agencies and steal a large trove of sensitive data, including tax and voter information.
New Details Emerge on Epstein’s Dealings with Two Favored Banks
Newly released U.S. Justice Department emails and documents offer a deeper look at Jeffrey Epstein’s unusual relationship with JPMorgan Chase & Co. and Deutsche Bank AG courted, reports by Bloomberg and the Financial Times show.
Australia Has a Serious Coke Problem
Australia’s booming cocaine consumption among affluent professionals has helped turn the country into the world’s unlikely cocaine capital, fueling criminal networks linked to murder, human trafficking, and extortion.
Senator Launches Probe into Binance Following Reports of Iran Sanctions Busting
A senior U.S. senator has opened an inquiry into Binance seeking records on alleged transactions that funneled nearly $2 billion to Iran-linked terrorist organizations and other entities and payments that helped circumvent sanctions on Russian oil, Bloomberg said.
Cyber Sanctions Target Kremlin on Anniversary of Ukraine War
Western governments marked the anniversary of Russia’s full-scale invasion of Ukraine with new measures targeting the Kremlin’s revenue streams and enabling networks, despite stalled efforts by the EU to approve a broad sanctions package.
Sanctioned Sudanese Militant Linked to Four Dubai Properties
The head of Sudan’s Rapid Support Forces (RSF), Mohamed “Hemedti” Hamdan Dagalo, appears to own a portfolio of property in Dubai valued at approximately $1.7 million, according to new research by The Sentry.