Latest Money laundering News

Massachusetts woman pleads guilty to lying to get $4M loan

May. 23, 2019 11:12 AM EDT

BOSTON (AP) — A Massachusetts woman who lied to a bank about her company's financial condition and even submitted falsified documentation to get a $4.2 million loan has pleaded guilty to fraud. Federal prosecutors say 53-year-old Beth Zastawny, of Ludlow, pleaded guilty in Springfield federal court on...

Judge refuses to block Trump bank subpoenas

May. 22, 2019 5:49 PM EDT

NEW YORK (AP) — A New York judge refused Wednesday to block congressional subpoenas seeking financial records from two banks that did business with President Donald Trump, making it clear it wasn't a close call. U.S. District Judge Edgardo Ramos said in a ruling delivered from the bench that Trump and his...

Former congressman in corruption case seeks Trump pardon

May. 22, 2019 4:11 PM EDT

FLAGSTAFF, Ariz. (AP) — Former U.S. Rep. Rick Renzi, who was convicted of corruption, money laundering and other charges, wants a pardon from President Donald Trump. The Arizona Daily Sun reported Wednesday that a lawyer for the former Republican congressman from Arizona sent a letter to the U.S. Justice...

EU police agency says operation smashed organized crime ring

May. 22, 2019 7:28 AM EDT

THE HAGUE, Netherlands (AP) — The European Union's police agency says an international law enforcement operation has smashed an organized crime gang that earned hundreds of millions of euros in drug and cigarette trafficking, assassinations and money laundering. Europol said Wednesday that more than 450...

Trump says he didn't need to borrow from banks

May. 20, 2019 12:55 PM EDT

WASHINGTON (AP) — President Donald Trump is insisting he didn't borrow from many banks because he "didn't need the money," not because they wouldn't do business with him. Trump's tweets Monday appear to be in response to New York Times reporting that Deutsche Bank anti-money laundering specialists...

Spain: 4 arrests in Venezuelan money laundering probe

May. 20, 2019 11:50 AM EDT

MADRID (AP) — Spanish police say they have arrested four people as part of a judicial probe into a money laundering racket allegedly involving funds coming from Venezuela's state-run oil company PDVSA. Police have confirmed Spanish media reports to The Associated Press that the four detainees are also...

South Africa ex-president Jacob Zuma in court for corruption

May. 20, 2019 4:57 AM EDT

PIETERMARITZBURG, South Africa (AP) — Former South African president Jacob Zuma is in court facing charges of corruption, money laundering and racketeering. Zuma, 77, appeared at the High Court in Pietermaritzburg in eastern KwaZulu-Natal province Monday on charges of receiving bribes when the government...

Mexican cartel drug trafficker sentenced in Atlanta

May. 16, 2019 7:55 PM EDT

ATLANTA (AP) — The head of the U.S. arm of the cocaine transportation and distribution network of Edgar Valdez-Villareal, also known as La Barbie, has been sentenced to federal prison for trafficking cocaine and money laundering. In a news release Thursday, U.S. Attorney Byung J. "BJay" Pak said U.S....

Indicted Georgia insurance commissioner suspends himself

May. 16, 2019 3:33 PM EDT

ATLANTA (AP) — Georgia's insurance commissioner says he will voluntarily suspend himself from office two days after being indicted on federal charges of wire fraud, mail fraud and money laundering. A 38-count indictment accuses Jim Beck of orchestrating an elaborate invoicing scheme to steal more than $2...

Kemp calls for indicted insurance commissioner to resign

May. 15, 2019 7:27 PM EDT

ATLANTA (AP) — Gov. Brian Kemp called for the resignation of Georgia's insurance commissioner Wednesday after he was indicted on federal charges of wire fraud, mail fraud and money laundering that stem from alleged crimes that preceded his election. Kemp, in a letter to fellow Republican Jim Beck, asked...