Latest Money laundering News

Activist accused of spending donated money for personal use

Sep. 26, 2020 3:45 PM EDT

TOLEDO, Ohio (AP) — An activist is accused of spending for personal use some $200,000 in donations to what was represented as a Black Lives Matter charity. The Federal Bureau of Investigation said Sir Maejor Page, previously known as Tyree Conyers-Page, is charged with one count of wire fraud and two...

Former city clerk sentenced in meth conspiracy

Sep. 25, 2020 7:39 AM EDT

EVERTON, Mo. (AP) — The former city clerk of a small southwestern Missouri town has been sentenced to 10 years in prison for her role in a money-laundering conspiracy related to a methamphetamine ring. KYTV-TV reports that 35-year-old Kristy A. Conn of Everton was sentenced Wednesday in federal court. She...

Ex-Backpage execs want judge in their criminal case recused

Sep. 24, 2020 7:18 PM EDT

PHOENIX (AP) — Former executives of Backpage.com are seeking the recusal of the federal judge presiding over a criminal case in which they are accused of knowingly publishing ads for sexual services, arguing that statements made by the judge’s husband, Arizona Attorney General Mark Brnovich, about...

Agency: No Cyprus passports for wealthy investors' families

Sep. 24, 2020 2:30 PM EDT

NICOSIA, Cyprus (AP) — Cyprus’ top oversight body urged lawmakers on Thursday to rethink new legislation that empowers the government to grant citizenship to family members of wealthy investors under the country’s lucrative “golden passport” program. The Cyprus Audit Office said...

Two men walk past a Westpac bank branch in Sydney, Thursday, Sept. 24, 2020. Westpac, Australia's second-largest bank, agreed to pay a 1.3 billion Australian dollar ($919 million) fine for breaches of anti-money laundering and counterterrorism financing laws, the largest ever civil penalty in Australia, a financial crime regulator said. (AP Photo/Rick Rycroft)

Australian bank agrees to $919M fine for money laundering

Sep. 23, 2020 8:56 PM EDT

CANBERRA, Australia (AP) — Westpac, Australia’s second-largest bank, agreed to pay a 1.3 billion Australian dollar ($919 million) fine for breaches of anti-money laundering and counterterrorism financing laws, the largest ever civil penalty in Australia, a financial crime regulator said on Thursday....

Italian prosecutor: 'Ndrangheta is top crime group in West

Sep. 22, 2020 3:19 PM EDT

ROME (AP) — Italy’s top anti-mafia prosecutor said Tuesday the country's ‘Ndrangheta mob was “the most important criminal organization in the Western world,” as preliminary hearings in the biggest ever trial against the group resumed. The hearings at the bunker room of the...

Prosecutors say W.Va. woman pleads guilty to contractor scam

Sep. 21, 2020 6:30 PM EDT

CHARLESTON, W.Va. (AP) — A West Virginia pharmacist pleaded guilty on Monday to swindling millions from investors and pretending to be a government contractor, prosecutors announced. Natalie Cochran admitted in federal court to wire fraud and money laundering. She defrauded about $2.5 million from at least...

FILE - In this Aug. 16, 2019, file photo, the logo for JPMorgan Chase & Co. appears above a trading post on the floor of the New York Stock Exchange in New York.  Shares of some major banks are tumbling before the market open Monday, Sept . 21, 2020, following a report alleging those including JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon continued to profit from illicit dealings with disreputable people and criminal networks despite being previously fined for similar actions.   (AP Photo/Richard Drew, File)

Bank shares slide on report of rampant money laundering

Sep. 21, 2020 5:29 PM EDT

The financial sector was hit hard Monday following a report alleging that a number of banks — JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon among them — have continued to profit from illicit dealings with disreputable people and criminal networks despite previous...

Ex-Speaker aide's money laundering trial scheduled for Oct.

Sep. 20, 2020 12:44 PM EDT

PROVIDENCE, R.I. (AP) — A former campaign aide to Democratic Rhode Island House Speaker Nicholas Mattiello is headed to trial early next month to face a money laundering charge related to a campaign mailer. A Superior Court judge this past week in a hearing involving state prosecutors and an attorney for...

Paraguayan ex-politician, husband plead guilty in conspiracy

Sep. 17, 2020 12:58 PM EDT

TRENTON, N.J. (AP) — A former member of Paraguay’s Congress and her husband have pleaded guilty to conspiracy to commit money laundering, U.S. authorities announced. Cynthia Elizabeth Tarragó Diaz, 41, and her husband Raimundo Va, 45, agreed to accept at least $2 million in U.S. currency from...