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.
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).
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.
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.
FATF Warns on Global Rise in Cyber-Enabled Fraud
Cyber-enabled fraud is rapidly expanding in scale and sophistication as criminals exploit digital platforms, instant payments, and virtual assets to move illicit proceeds across borders, an intergovernmental watchdog said on Tuesday.
Iran and Russia Defy Sanctions with Secret €500-Million Missile Deal
Iran has agreed to a €500-million contract with Russia for thousands of shoulder-fired air-defense missiles, in a deal that underscores both countries’ willingness to deepen military trade despite intensifying western sanctions and arms-export restrictions.
DOJ Files Offer New Details on Epstein’s Relationship with BNP Paribas
Jeffrey Epstein held a retail current account and a savings account at BNP Paribas from 2008 until mid-2018, according to documents released by the U.S. Justice Department and reported by Le Monde.