Money laundering

U.S. prosecutors indicted four individuals for conspiring to illegally export millions in Nvidia chips to China and Hong Kong, circumventing U.S. export controls. The scheme allegedly involved routing the chips through Malaysia and Thailand to obscure their final destination, requiring falsified documentation and failure to secure necessary licenses. The defendants face charges related to violating the Export Control Reform Act, smuggling, and money laundering. The case highlights U.S. concerns over China’s AI and supercomputing ambitions and their potential military applications.

An Indian man, Hasvardhan Jain, was arrested for allegedly operating a fake embassy near New Delhi. He is accused of defrauding people with false overseas job offers and suspected money laundering. Jain posed as a “Baron” and ambassador of the micronation Westarctica, fabricating documents and possessing cash, diplomatic plates, and doctored photos with world leaders. The fake embassy contained nearly $55,000 in cash and other falsified credentials. Westarctica, an unrecognized entity, highlights the unusual aspects of international relations.