OTHER THINGS YOU MAY HAVE MISSED – JUNE 24

Panama Covid-19 update – for the second day in a row our district of the city has the highest number of new cases…today there being 1,826 new cases, with 5 new fatalities. There are 16,095 active cases, of which 37 are in ICU and183 in other wards.

24 JUNE 2022

GIBRALTAR: SEIZED RUSSIAN SUPERYACHT TO BE AUCTIONED

On 23 June, Superyacht News from eSysman reported that the superyacht Axioma, arrested in Gibraltar over the default on a €20.5 million loan from JP Morgan is to be auctioned, following a court order.  The yacht, valued at over $70 million, is owned (via the usual chain of front companies) by Dimitry Pumpyanskiy.  There appear to be 2 grounds for the default on the loan agreement – firstly that Pumpyanskiy has been added to sanctions lists, and secondly that the yacht apparently changed ownership (on paper at least) just prior to the sanctions being imposed.

https://www.youtube.com/watch?v=pKF2hvUSfG8

https://www.superyachtfan.com/yacht/axioma/owner/

https://www.autoevolution.com/news/oil-magnates-75-million-superyacht-axioma-will-sell-at-auction-probably-for-peanuts-192031.html

ISLE OF MAN: RUSSIA SANCTIONS UPDATE

A news release from the Isle of Man on 24 June advised of the implementation in the Island of the Russia Sanctions (Application) (No.8) Regulations 2022, which apply the provisions of the various recent UK financial and trade sanctions. 

https://www.gov.im/news/2022/jun/24/sanctions-russia/

RARE DIRECT SHIPMENT BETWEEN THE 2 KOREAS, A LIKELY VIOLATION OF UN AND SOUTH KOREAN SANCTIONS

On 17 June, NK Pro reported that a freight ship visited the North Korean port of Nampho, a month after picking up cargo in Busan, ship-tracking data shows. The ship’s movements point to what was likely a rare and illegal shipment directly from South to North Korea.  She was supposed to sail from Busan to the Chinese port of Dalian, according to Marine Traffic data. 

https://www.nknews.org/pro/freighter-visits-north-korean-port-weeks-after-picking-up-cargo-in-busan

DUBAI BECOMES THE NEW SWITZERLAND FOR TRADERS OF RUSSIAN COMMODITIES

On 21 June, Bloomberg reported that traders of Russian commodities are rushing to set up businesses in Dubai as Switzerland makes it increasingly challenging for them to deal with Moscow.  Switzerland has for decades been home to middlemen helping to match Russian producers with buyers all over the world.

https://www.bloomberg.com/news/articles/2022-06-21/dubai-becomes-new-switzerland-for-traders-of-russian-commodities 

SWEDISH COURT UPHOLDS BAN ON HUAWEI SALE OF 5G EQUIPMENT

On 22 June, Reuters reported that a Swedish appeals court has upheld a ruling by a lower court that banned Huawei from selling 5G equipment in the country, in the latest setback to the Chinese telecoms company’s hopes of staging a comeback.

https://www.reuters.com/business/media-telecom/swedish-court-upholds-ban-huawei-sale-5g-gear-2022-06-22

HONG KONG COURT HELPS VICTIM RECOVER CRYPTO-ASSETS AGAINST PILFERING AGENT

On 23 June, an article from Herbert Smith Freehills LLP reported that the Hong Kong High Court has recently granted proprietary remedies over bitcoins that were misappropriated by a fraudulent agent.  The victim was granted relief to recover the misappropriated bitcoins, sale proceeds and the fruits thereof.  This decision suggests that bitcoins, and by extension other cryptocurrencies, may be protected as property under Hong Kong law.

https://hsfnotes.com/asiadisputes/2022/06/23/unravelling-the-cryptic-hong-kong-court-helps-victim-recover-crypto-assets-against-pilfering-agent/#page=1

TRADE-BASED MONEY LAUNDERING

On 22 June, Hopgood Ganim published an article looking at TBML from an Australian perspective, saying that those routing money or other assets via or to an ultimate destination in Australia will confront tough AML/CFT legislation and some of the most effective enforcement agencies in the world. 

https://www.hopgoodganim.com.au/page/knowledge-centre/blog/trade-based-anti-money-laundering

BIOLOGICAL WEAPONS DEVELOPMENT IN CIVILIAN LABORATORIES

On 8 June, 20 Minuten News in Switzerland published an article in which the head of the think tank at the Center for Security Studies at ETH Zurich, warns of weaknesses in the Biological Weapons Convention, saying that, “There is a lack of efficient verification tools to prevent biological research from being misused for military purposes”.  In Switzerland, inspections are carried out regularly, but there is a need for action at the international level.

https://www.20min.ch/story/biowaffen-entwicklung-in-zivilen-labors-experte-schlaegt-alarm-465986172926

SCRAPPED CARS A GOLD MINE FOR INDIA-JAPAN RECYCLING VENTURE

On 23 June, an article in Nikkei Asia reported that a joint venture between an Indian and a Japanese company has uncovered a treasure trove in India in the form of auto parts salvaged from some of the roughly 10 million cars scrapped in the country as the government puts tighter emissions standards in place.  It is recycling parts, such as headlights, taillights and hoods, for resale. 

https://asia.nikkei.com/Business/Companies/Scrapped-cars-a-gold-mine-for-India-Japan-recycling-venture

PARAGUAY LAUNCHES NATIONAL RISK ASSESSMENT OF MONEY LAUNDERING AND ILLICIT FINANCING

On 23 June, the IP news agency reported that the Secretariat for the Prevention of Money Laundering (Seprelad) and financial organisations in Paraguay have presented a National Risk Assessment regarding money laundering and financing of terrorism and the proliferation of WMD.  The NRA will involve public and private institutions, plus consultants from the Inter-American Development Bank (IDB) to identify in working groups the strengths and risks at the country level in the fight against the financing of terrorism and money laundering.  It is expected to know the results of the evaluation in July. 

https://www.ip.gov.py/ip/gobierno-lanza-evaluacion-nacional-de-riesgos-de-lavado-de-dinero-y-financiamiento-de-ilicitos/

TUNISIAN FORMER PRIME MINISTER JEBALI ARRESTED ON SUSPICION OF MONEY LAUNDERING

On 24 June, Al Jazeera reported that Tunisian police have arrested former Prime Minister Hamadi Jebali, a former senior member of the Ennahdha party, on suspicion of money laundering.  It is said that Jebali’s arrest raises opposition concerns over the human rights situation in Tunisia since President Kais Saied dissolved parliament in July 2021, in a move his opponents called a coup.

https://www.aljazeera.com/news/2022/6/24/tunisian-police-arrest-ex-prime-minister-jebali-on-suspicion-money-laundering

WHY NOT A SINGLE BANKER WAS JAILED OVER HSBC’S BILLION-DOLLAR MONEY LAUNDERING SCANDAL

On 24 June, The i in the UK published a “long read”, saying that no senior banker went to jail; and no HSBC banker was charged, let alone went to jail, when the bank admitted in 2012 to enabling the laundering of billions of dollars of drugs money for El Chapo and his Mexican Sinaloa cartel.

https://inews.co.uk/news/long-reads/hsbc-money-laundering-scandal-why-no-banker-jail-1700793

FROM CASINOS TO HOUSES: WHY AUSTRALIA REMAINS A MONEY LAUNDERING HAVEN

An article in The Age on 24 June asks that, as the inquiry into the Star casino draws to a close, where did all the laundered money go?  It asks if the millions, possibly billions, of cash ‘washed’ through Star casino end up being spent on property, helping push up already record houses prices, or was it invested into cash intensive businesses, such as bars and nightclubs, or into goods such as luxury cars or jewellery?  It contends that the inquiry has confirmed is that Australia has a poor reputation internationally for fighting the estimated “tens of billions” in criminal money laundered nationally every year.

https://www.theage.com.au/business/companies/from-casinos-to-houses-why-australia-remains-a-money-laundering-haven-20220622-p5avnd.html

UK: WHAT IS HAPPENING WITH THE MODERN SLAVERY ACT 2015?

An article from Bird & Bird on 24 June posed this question, saying that the 2022 Queen’s Speech announced a Modern Slavery Bill that promises to strengthen the protection and support for victims of human trafficking and modern slavery and increase the accountability of companies and other organisations to drive out modern slavery from their supply chains. It is argued that there is nothing to show to date, except a reminder in the recent Queen’s Speech that there may be jam, not tomorrow, but perhaps sometime in the next parliamentary term.

https://www.twobirds.com/en/insights/2022/uk/manyana-manyana-or-what-is-happening-with-the-modern-slavery-act-2015

EU: RUSSIA SANCTIONS – FURTHER RESTRICTIVE MEASURES TO SUSPEND THE BROADCASTING ACTIVITIES IN THE EU, OR DIRECTED AT THE EU, OF CERTAIN MEDIA OUTLETS 

EU Regulation 2022/994/EU of 24 June provides that the restrictive measures should apply as of 25 June in respect of all entities referred to in Annex VI to EU Regulation (EU) 2022/879 – Rossiya RTR / RTR Planeta; Rossiya 24 / Russia 24; and TV Centre International.

https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv%3AOJ.L_.2022.153.01.0053.01.ENG&toc=OJ%3AL%3A2022%3A153%3ATOC

https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv%3AOJ.LI.2022.167.01.0001.01.ENG&toc=OJ%3AL%3A2022%3A167I%3ATOC

https://eur-lex.europa.eu/legal-content/EN/AUTO/?uri=uriserv:OJ.LI.2022.167.01.0003.01.ENG&toc=OJ:L:2022:167I:TOC

UK: DIRECTOR OF PUBLIC PROSECUTIONS HIGHLIGHTS HOW MORE MONEY COULD BE RETURNED TO VICTIMS OF CRIME

On 23 June, a news release from the CPS said that the DPP has supported the review into legislation to ensure more money can be returned to victims of crime, when giving evidence at the House of Lords Fraud Act 2006 and Digital Fraud Select Committee.  He highlighted the limitations of the current compensation legislation, and recommended the government consider court powers to reimburse victims with any additional funds that are recovered.  

https://www.cps.gov.uk/cps/news/director-public-prosecutions-highlights-how-more-money-could-be-returned-victims-crime

AUSTRALIA: NSW CABINET BACKS NEW MONEY LAUNDERING LAWS TO TARGET ORGANISED CRIME

On 23 June, the Sydney Morning Herald reported that the New South Wales government will introduce laws to confiscate unexplained wealth from criminal gangs and ban the use of encrypted devices as part of long-waited reforms to combat money laundering and organised crime.  The new powers allow for the confiscation of unlawfully acquired assets of major convicted drug traffickers and expand powers to stop and search for unexplained wealth.  Legislation will be introduced when parliament returns for the spring session.

https://www.smh.com.au/politics/nsw/cabinet-backs-new-money-laundering-laws-to-target-organised-crime-20220622-p5avux.html

100 YEARS OF THE ‘NDRANGHETA CALABRIAN MAFIA IN AUSTRALIA

On 22 June, Policing Insight published an article saying that recent operations by the Australian Federal Police against organised crime have brought the activities of the ‘ndrangheta under the spotlight; but it is argued that the organisation has been well-established across Australia for many decades, and any attempt to take the ‘ndrangheta seriously will require sustained political will and resources, rather than a sporadic focus on drug importation.

https://policinginsight.com/features/opinion/a-flurry-of-attention-then-collective-forgetfulness-100-years-of-the-ndrangheta-calabrian-mafia-in-australia/

INDIA IS PROVIDING SAFETY CERTIFICATION FOR DOZENS OF SHIPS MANAGED BY A DUBAI SUBSIDIARY OF TOP RUSSIAN SHIPPING GROUP SOVCOMFLOT

On 24 June, Hellenic Shipping News reported that certification by the Indian Register of Shipping (IRClass), one of the world’s top classification companies, provides a final link in the paperwork chain – after insurance coverage – needed to keep state-owned Sovcomflot’s tanker fleet afloat and delivering Russian crude oil to overseas markets.  It is reported to have certified more than 80 ships managed by SCF Management Services (Dubai) Ltd, a Dubai-based entity listed as a subsidiary of Sovcomflot.

https://www.hellenicshippingnews.com/russian-oil-tankers-get-india-safety-cover-via-dubai-company/

THE TRUE COST OF AML IN ESTATE AGENCIES

On 24 June, The Negotiator published an article saying that UK estate agents are said to have spent £6 million on AML fees last year, but says that this seems like a huge sum of money, and the true cost is many times this amount.

https://thenegotiator.co.uk/the-true-cost-of-aml/

BREXIT WILL EXACERBATE LONG-TERM CHALLENGES FACING THE UK ECONOMY

A post from the LSE Bulletin on 24 June warns that the impact of Brexit won’t be a one-off event.  Structural changes will take place over the long term, as capital and labour adjust to the new trading arrangements.  Household incomes will decrease as a result of a weaker pound and there will be lower investment and trade. 

https://blogs.lse.ac.uk/businessreview/2022/06/24/brexit-will-exacerbate-long-term-challenges-facing-the-uk-economy/

THE ECONOMICS OF BREXIT: WHAT HAVE WE LEARNED? A NEW eBOOK

On 24 June, VOX from the Centre for European Policy Research says that, 6 years on from the EU referendum, and over a year since the implementation of the UK–EU Trade and Cooperation Agreement, a new eBook brings together leading academic researchers on trade, immigration, and the political economy of Brexit to present new research and evidence on different aspects of this question.

https://voxeu.org/article/economics-brexit-new-ebook

https://voxeu.org/content/economics-brexit-what-have-we-learned

ALGERIA-SPAIN DISPUTE

On 24 June, the World Politics Review reported on a dispute between Algeria and Spain.  Algeria has suspended its Friendship and Neighbourliness Treaty with Spain, in response to Madrid’s recent alignment with Morocco on the Western Sahara conflict.  The suspension of the treaty so far excludes contracts for gas, of which Algeria is Spain’s biggest supplier. 

https://www.worldpoliticsreview.com/articles/30633/algeria-spain-relations-sour-over-western-sahara-conflict

ALLEGED RETALIATION AGAINST THOSE REPORTING CORRUPTION, MISMANAGEMENT AND SEXUAL ABUSE INTERNALLY WITHIN UN AGENCIES

On 24 June, World Whistleblowers Day, Transparency International reported on a  a powerful new documentary from the BBC about alleged retaliation spanning many years against those reporting corruption, mismanagement and sexual abuse internally within UN agencies. 

https://more.transparency.org/webmail/853323/819365131/6557bee3dbe73656ceab1ab3b7cf3ea34006d2e776756a4bc50e1354d784c8df

WORLD WHISTLEBLOWERS DAY

https://www.transparency.org/en/news/world-whistleblowers-day-2022-the-fight-is-arduous-not-backing-down-united-nations-european-union

IMPERIAL YACHTS – US SANCTIONS ON YACHT COMPANY THAT CATERS TO RUSSIAN ELITES

On 2 June, the New York Times carried a feature about Imperial Yachts, the Monaco-based, Russian-controlled company that managed Russian oligarch’s yachts.

https://www.nytimes.com/2022/06/02/us/politics/russia-oligarchs-yachts-sanctions.html

EU: RUSSIAN SANCTIONS CONSOLIDATED FAQ

On 24 June, the EU Sanctions blog reported that the EU had published a consolidated update of its Russian sanctions FAQ.

https://www.europeansanctions.com/2022/06/eu-commission-issues-consolidated-russia-sanctions-faqs/

EU COMMISSION TO LAUNCH A STUDY OF THE ECONOMIC IMPACT OF EU SANCTIONS

On 24 June, EU Sanctions blog reported that the EU Commission had issued a tender inviting bids by 1 July for a study to develop a methodology for assessing the economic impact of EU sanctions and apply it to case studies of autonomous EU sanctions regimes.

https://www.europeansanctions.com/2022/06/eu-commission-invites-tenders-for-sanctions-study/

REGULATION OF FORCED LABOR IN SUPPLY CHAINS: WHY IT MATTERS AND HOW COMPANIES CAN COMPLY

On 24 June, an Alert from Wilmer Hale provides a detailed overview of applicable or pending legislation related to forced labour in supply chains–including in the US, UK, Germany, France, the Netherlands, Switzerland, the EU, and Australia – followed by practical suggestions to move companies to timely compliance with these requirements.

https://wilmerhalecommunications.com/e/tdkqofkpocji2g/cffa24f9-7c6b-417d-847d-206af79a266c

US: FORMER ARMED FORCES OF LIBERIA COMMANDING GENERAL CHARGED WITH IMMIGRATION FRAUD AND PERJURY

On 24 June, a news release from US Immigration & Customs Enforcement advised that Moses Slanger Wright, 69, of Philadelphia, with fraudulently attempting to obtain citizenship, fraud in immigration documents, false statements in relation to naturalisation, and perjury.  The indictment alleges that the defendant, when applying for US citizenship in 2013, was not truthful about his activities during Liberia’s First Civil War while he was a member, and ultimately the commanding general of, the Armed Forces of Liberia, which was involved in the persecution, murder, and assault of civilian non-combatant tribesmen, as well as the false arrest and false imprisonment of civilian non-combatants.

https://www.ice.gov/news/releases/former-armed-forces-liberia-commanding-general-charged-immigration-fraud-perjury

NIGERIA BOOSTS MARITIME SECURITY WITH ARMOURED VEHICLES, UAS AND PATROL BOATS

On 23 June, Homeland Security Today reported that the Nigerian Maritime Administration and Safety Agency (NIMASA) has taken delivery of additional mobile assets for enhanced maritime security under its “Deep Blue” project.   2 unmanned aircraft systems (UAS), 9 interceptor patrol boats and 10 armoured vehicles have been added to the existing assets earlier procured by the Nigerian Federal Government.  NIMASA’s assets also include the Command, Control, Communication, Computer, and Intelligence Center (C4i) for intelligence gathering and data collection, 600 specially-trained troops for interdiction, special mission vessels, fast interceptor boats, and surveillance and rescue aircraft.

https://www.hstoday.us/subject-matter-areas/maritime-security/nigeria-boosts-maritime-security-with-armored-vehicles-uas-and-patrol-boats/

https://nimasa.gov.ng/deep-blue-project-nimasa-takes-delivery-of-2-uas-9-boats-10-armored-vehicles/

DEFENDANT IN RUSSIAN OLIGARCH ‘RAIDER ATTACK’ CASE ALLOWED TO CHALLENGE IRISH JURISDICITION

On 24 June, the Irish Examiner reported that 4 companies have sued EU-sanctioned Russian billionaire, Dmitry Mazepin, alleging conspiracy to defraud them of their shares in a Russian ammonia-producing company. One of the defendants in the alleged €2 billion conspiracy-to-defraud action can challenge the jurisdiction of the Irish courts to hear the case.

https://www.irishexaminer.com/news/courtandcrime/arid-40903226.html

US: SERIAL FRAUDSTER PREVIOUSLY EXTRADITED FROM MEXICO PLEADS GUILTY TO MULTIPLE INVESTMENT FRAUD SCHEMES

A news release from US DoJ on 24 June advised that Daniel Thomas Broyles Sr (aka Dan Thomas, and Daniel Cruz Torrez), 64, of Malibu, participated in a high-yield investment fraud scheme involving a sham company named Niyato Industries Inc.  He allegedly falsely portrayed Niyato as a business engaged in electric vehicle manufacturing and converting vehicles to run on compressed natural gas.  In reality, Broyles knew, or intentionally avoided learning, that Niyato was merely a sham company that lacked any operational facilities or proprietary technology, and virtually all investor funds were being disbursed among the co-conspirators and not used to promote Niyato’s business. 

https://www.justice.gov/opa/pr/serial-fraudster-previously-extradited-mexico-pleads-guilty-multiple-investment-fraud-schemes

US: AN AML BILL THAT COULD HAVE PROFOUND EFFECTS ON THE ART MARKET JUST TOOK A BIG STEP FORWARD

On 24 June, Artnet reported that lawmakers in Washington have moved one step closer to passing a general AML law that could have profound effects on the art market. The Enablers Act would amend the Bank Secrecy Act to require art and antique dealers, as well as lawyers, trust companies, public relations firms, and others, to investigate potential clients and report financial wrongdoing.

https://news.artnet.com/art-world/an-anti-money-laundering-bill-that-could-have-profound-effects-on-the-art-market-just-took-a-big-step-forward-2136329

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UK: MYANMAR SANCTIONS – ENTRY FOR SINS AVIA TRADING HOUSE LLC AMENDED

On 24 June, a Notice from HM Treasury advised that the existing entry for a Russian company, SINS AVIA TRADING HOUSE LLC, had been amended.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1085717/Notice_Myanmar_240622.pdf

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ASSESSING LATIN AMERICA’S ABILITY TO DETECT, PUNISH AND PREVENT CORRUPTION

This report from Control Risks and the Americas Society and the Council of the Americas published the fourth edition of the Capacity to Combat Corruption (CCC) Index. First launched in 2019, the Index assesses Latin American countries’ ability to detect, punish and prevent corruption.  It evaluates and ranks countries based on how effectively they can combat corruption.  Countries with a higher score are deemed more likely to see corrupt actors prosecuted and punished.  Continued impunity is more likely in countries at the lower end of the scale.  The Index looks at 14 key variables, including the independence of judicial institutions, the strength of investigative journalism, and the level of resources available for combating white collar crime.  The country with the highest score in the 2022 CCC Index is Uruguay, Panama is at the mid-point (scoring 4.96 out of 10) and Venezuela has the lowest score (1.93).

https://www.as-coa.org/sites/default/files/inline-files/CCC_Report_2022_0.pdf

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DARPA-FUNDED STUDY PROVIDES INSIGHTS INTO BLOCKCHAIN VULNERABILITIES

On 21 June, the US Defense Advanced Research Projects Agency said that distributed ledger technology (DLT), such as blockchains, has become more prevalent across a variety of contexts over the past decade.  The premise is that blockchains operate securely without any centralised control and that they are immutable or unsusceptible to change.  DARPA set out to understand those security assumptions and determine to what degree blockchains are actually decentralised.  It says that its study resulted in a report that provides holistic analysis that’s available to anyone considering blockchains for important matters so they can better understand the potential vulnerabilities within these systems.

https://www.darpa.mil/news-events/2022-06-21

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49 INDIVIDUALS ACROSS EUROPE ARRESTED IN MAJOR BLOW TO EELS TRAFFICKING

A news release from Europol on 24 June said that a joint operation by European law enforcement entities has dealt yet another major blow to organised crime groups involved in global glass eel trafficking – Operation Lake VI ran from November 2021 to June 2022.  27,701 inspections were carried out all over Europe, which led to the arrest of 49 individuals and the seizure of 1,255 kg of glass eels worth about €1.9 million in total.  The trafficking of glass eels is one of the most substantial and lucrative illegal trades of protected species worldwide, with illegal profits estimated to be up to €3 billion in peak years.

https://www.europol.europa.eu/media-press/newsroom/news/49-individuals-across-europe-arrested-in-major-blow-to-eels-trafficking

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REVIEW OF THE UK AML/CFT REGULATORY AND SUPERVISORY REGIME

On 24 June, HM Treasury announced publication of 2 post-implementation reviews and a forward-looking review of the UK AML/CFT regime.

https://www.gov.uk/government/publications/review-of-the-uks-amlcft-regulatory-and-supervisory-regime

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UK AMENDS AND CORRECTS ENTRIES ON RUSSIA SANCTIONS LIST

On 24 June, a Notice from HM Treasury advised that 58 entries have been amended on the Consolidated List, and that the entry relating to Alexey Ivanovich ISAYKIN had been amended.

https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/1085382/Notice_Russia_240622.pdf

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UK: SOLICITORS REGULATION AUTHORITY 20 CASES AGAINST LAW FIRMS BEING INVESTIGATED FOR POSSIBLE WRONGDOING OVER SO-CALLED ‘STRATEGIC LAWSUIT AGAINST PUBLIC PARTICIPATION’ (SLAPP) LITIGATION 

On 24 June, the Law Society Gazette reported that the SRA chief executive has said that the regulator had identified a cohort of cases where it had received reports or intelligence that a firm may be involved in a SLAPP.  Critics accuse law firms of aiding kleptocrats – including oligarchs and allies of Vladimir Putin – in intimidating journalists and shutting down reports of corruption.  Even when such cases are meritless they can be prolonged so that costs escalate and defendants are forced to back down.

https://www.lawgazette.co.uk/news/sra-reveals-number-of-open-slapps-investigations/5112901.article

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WHAT ARE COIN MIXERS AND HOW ARE THEY USED FOR MONEY LAUNDERING

On 24 June, the International Business Times published an article saying that coin mixers or crypto mixers or cryptocurrency tumblers is a service that allows users to ‘mix’ their cryptocurrencies with cryptocurrencies from various addresses, making them untraceable.  These mixers have often been criticised for their use in multiple money laundering cases.

https://www.ibtimes.com/what-are-coin-mixers-how-are-they-used-money-laundering-3550560

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CHINESE BEER IMPORTS INTO US MAY FACE SCRUTINY UNDER UYGHUR FORCED LABOR PREVENTION ACT

On 23 June, Kharon published Part 1 of a series investigating risks to importers under the UFLPA.  It notes that China produces more beer than any other country, while its western region of Xinjiang is one of the leading hop-producing regions in the world, accounting for more than 14% of global production.  Xinjiang-origin hops are inputs for both homegrown Chinese breweries and western conglomerates with brewing operations in China.

https://brief.kharon.com/updates/chinese-beer-imports-to-us-may-face-scrutiny-under-uyghur-forced-labor-prevention-act

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