Latest Money laundering News

APNewsbreak: Europeans unravel big tennis match-fixing ring

Jan. 16, 2019 1:28 PM EST

PARIS (AP) — The crooked tennis players knew him as "Maestro." To European investigators, the Armenian based in Belgium is emerging as something else: The suspected ringleader of a highly organized illegal gambling syndicate suspected of fixing hundreds of matches and corrupting more than 100 players from...

APNewsBreak: Feds say 'star' DEA agent abroad stole millions

Jan. 15, 2019 11:47 AM EST

MIAMI (AP) — A U.S. federal narcotics agent known for his expensive tastes and high-profile drug seizures has been implicated in a multimillion-dollar money-laundering conspiracy that involved the very cartel criminals he was charged with fighting in Colombia. A once standout Drug Enforcement...

FBI arrests fired S Carolina police chief over $78,000 theft

Jan. 8, 2019 7:19 AM EST

MANNING, S.C. (AP) — A fired police chief in South Carolina has been arrested by the FBI on charges including money laundering. News outlets report Gary Blair Shaffer pleaded not guilty and posted bail after he was taken in by the FBI Monday. A federal indictment says Shaffer stole about $78,000 from the...

Colombian ex-official gets US prison in bribery scheme

Jan. 3, 2019 12:07 PM EST

MIAMI (AP) — A former Colombian anti-corruption official has been sentenced to four years in prison after pleading guilty to U.S. money-laundering conspiracy charges in a bribery scheme. Court records show a Miami federal judge ordered the sentence Wednesday for Luis Gustavo Moreno Rivera, former director...

US gives ex-Colombian corruption official 4 years for bribes

Jan. 2, 2019 8:37 PM EST

MIAMI (AP) — A former top official with Colombia's anti-corruption agency has received a four-year sentence from a U.S. judge for seeking bribes. U.S. District Judge Ursula Ungaro in Miami sentenced Luis Gustavo Moreno Rivera on Wednesday on a money-laundering charge he pleaded guilty to last August....

Pakistani court summons ex-president in money launder case

Dec. 28, 2018 6:28 AM EST

ISLAMABAD (AP) — Pakistan's Supreme Court has summoned former president Asif Ali Zardari, his sister and several other suspects in connection with a money laundering case. Friday's development was the latest blow to Zardari, who along with 171 others was placed on no-fly list by the government a day...

Vatican tribunal hands down first money-laundering verdict

Dec. 27, 2018 8:15 AM EST

VATICAN CITY (AP) — The Vatican's criminal tribunal has convicted an Italian builder of using his accounts in the Vatican bank to launder money, and sentenced him to 2½ years in prison. The Vatican press office said the Dec. 17 decision, announced Thursday, marked the first time the Vatican court had...

Pakistan adds ex-president to no-fly list over graft probe

Dec. 27, 2018 7:03 AM EST

ISLAMABAD (AP) — Pakistan has imposed a travel ban on former President Asif Ali Zardari and 171 other individuals while authorities complete an investigation into alleged money laundering. Information Minister Fawad Chaudhry announced the ban on Thursday, after police and federal investigators said Zardari...

FBI steps up efforts against 'money mules' online fraud

Dec. 27, 2018 6:12 AM EST

WASHINGTON (AP) — The email caught the executive at a small company by surprise one morning in 2016. The company's owner, or so he thought, was requesting a money transfer to pay for supplies from a new vendor. It wasn't until that night when the executive, hours after the money had been transferred and...

Cyprus banks challenging money laundering associations

Dec. 24, 2018 5:17 AM EST

NICOSIA, Cyprus (AP) — Banks in Cyprus are concerned that their adoption of some of the toughest anti-money laundering regulations in the world has not been fully recognized abroad, the chief of the Association of Cyprus Banks said Monday. Association Director Michalis Kammas said that banks are...