Latest Money laundering News

Former Malaysian Prime Minister Najib Razak wearing a face mask arrives at court house in Kuala Lumpur, Malaysia, Thursday, June 4, 2020. Closing arguments are expected in the first corruption trial of him linked to the multibillion-dollar looting of the 1MDB state investment fund. (AP Photo/Vincent Thian)

Malaysian ex-PM to hear verdict in 1st graft case in July

Jun. 5, 2020 6:08 AM EDT

KUALA LUMPUR, Malaysia (AP) — Malaysian ex-Prime Minister Najib Razak was victimized by rogue bankers and should be acquitted of corruption charges linked to the massive looting of a state investment fund, his lawyers said Friday at the close of his first corruption trial over the scandal. The High Court...

U. of Miami professor pleads guilty in Venezuela graft case

Jun. 1, 2020 7:01 PM EDT

MIAMI (AP) — A University of Miami professor blamed a controversial law enforcement informant for his career-ending decision to try and hide $3 million in proceeds from a corruption scheme run by a businessman connected to Venezuela’s socialist government. Bruce Bagley revealed the identify of the...

FILE - In this April 3, 2019, file photo, actress Lori Loughlin, front, and her husband, clothing designer Mossimo Giannulli, left, depart federal court in Boston after a hearing in a nationwide college admissions bribery scandal. On Thursday, May 21, 2020, the U.S. Attorney's Office in Boston said Loughlin and Giannulli have agreed to plead guilty to charges of trying to secure the fraudulent admission of their two children to the University of Southern California as purported athletic recruits. (AP Photo/Steven Senne, File)

Loughlin, Giannulli to serve prison time for college scam

May. 21, 2020 4:31 PM EDT

“Full House” actress Lori Loughlin has agreed to serve two months behind bars and her fashion designer husband, Mossimo Giannulli, has agreed to serve five months as part of a deal to plead guilty to cheating the college admissions process, according to court papers filed Thursday. Loughlin, 55, and...

Couple arrested in cross-border kidnapping that left 2 dead

May. 18, 2020 8:23 PM EDT

SAN DIEGO (AP) — A Southern California woman and her boyfriend have been arrested on suspicion of collecting ransom in a kidnapping that killed two of three U.S. citizens held in Mexico, federal prosecutors said Monday. Leslie Briana Matla, 20, and Juan Carlos Montoya Sanchez, 25, are charged with one...

An anti-government protester shouts slogans, while wearing a mask to help curb the spread of the coronavirus, during ongoing protests in front of the Ministry of Economy, in downtown Beirut, in Beirut, Lebanon, Monday, May 18, 2020. (AP Photo/Hassan Ammar)

Lebanese Central Bank official charged in currency probe

May. 18, 2020 1:57 PM EDT

BEIRUT (AP) — A Lebanese prosecutor on Monday charged a senior central bank official with manipulation of the exchange rate and money laundering as part of an ongoing probe amid the country's financial turmoil. The move reflects a growing clash between the central bank and the government at a critical...

FILE - In this July 3, 2018, file photo, Riza Aziz, right, stepson of Malaysian former Prime Minister Najib Razak, arrives at Anti-Corruption Agency in Putrajaya, Malaysia. Malaysian prosecutors have dropped money laundering charges against

Former top prosecutor says Riza deal 'terrible for Malaysia'

May. 18, 2020 12:46 AM EDT

KUALA LUMPUR, Malaysia (AP) — Malaysia's former attorney-general said Monday that when prosecutors dropped money-laundering charges against “The Wolf of Wall Street” producer and stepson of ex-Prime Minister Najib Razak they gave him a “sweetheart deal" that is “terrible for...

FILE - In this July 5, 2019, file photo, Riza Aziz, stepson of Malaysian former Prime Minister Najib Razak, walks into a court room at Kuala Lumpur High Court in Kuala Lumpur, Malaysia. Malaysian prosecutors have dropped money laundering charges against

Malaysia drops charge against 'Wolf of Wall Street' producer

May. 15, 2020 9:01 AM EDT

KUALA LUMPUR, Malaysia (AP) — Malaysian prosecutors have dropped money laundering charges against “The Wolf of Wall Street” film producer and stepson of ex-Prime Minister Najib Razak in a move slammed by Human Rights Watch on Friday as a “triumph for impunity and corruption." Former...

Italian police nab mafiosi to thwart pandemic exploitation

May. 12, 2020 9:23 AM EDT

ROME (AP) — Italian police have arrested 91 suspected mobsters in a probe of money-laundering and extortion in a bid to thwart Sicily’s Cosa Nostra from exploiting economic woes triggered by the pandemic. Hundreds of Financial Guard police officers fanned out early Tuesday through Palermo, the...

A control booth monitors the press conference of European Commissioner for An Economy that Works for People Valdis Dombrovskis regarding money laundering at EU headquarters in Brussels, Thursday, May 7, 2020. (AP Photo/Virginia Mayo, Pool)

EU executive seeks supervisor of anti-money laundering fight

May. 7, 2020 9:23 AM EDT

BRUSSELS (AP) — The European Union's executive arm unveiled plans Thursday for improving how money laundering and financing for extremist groups are countered across the 27-country bloc, with the goal of creating a supervising authority to ensure every member nation follows EU rules. The European...

FIFA probe: First banks admit money laundering role

May. 1, 2020 1:13 PM EDT

NEW YORK (AP) — An Israeli bank and its Swiss subsidiary agreed to pay over $30 million for their role in conspiring to launder more than $20 million in kickbacks to soccer officials, becoming the first financial institutions implicated in the FIFA scandal to reach a resolution with U.S. prosecutors. Bank...