Latest Money laundering News

Delay in ex-South African leader's case as appeal planned

Oct. 15, 2019 5:09 AM EDT

PIETERMARITZBURG, South Africa (AP) — Court proceedings for former South African president Jacob Zuma were pushed back to Feb. 4 on Tuesday as his legal team said it would appeal a ruling dismissing its attempt to halt prosecution on graft charges for good. Zuma faces charges of corruption, money...

Honduran cartel figure testifies he bribed presidents

Oct. 11, 2019 7:09 PM EDT

NEW YORK (AP) — The former boss of Honduras' Los Cachiros cartel testified Friday that he paid hundreds of thousands of dollars in bribes to the current and former presidents of Honduras in exchange for protection from extradition to the United States and other favors. Devis Leonel Rivera Maradiaga said in...

Jailed Tunisian presidential candidate Karoui leaves prison

Oct. 9, 2019 7:03 PM EDT

TUNIS, Tunisia (AP) — Presidential candidate and media mogul Nabil Karoui left a prison Wednesday where he has been jailed since August, just four days before Tunisia's presidential runoff vote and as official results in parliamentary elections put his recently founded party in second place. Karoui's...

South Carolina man sentenced in Tennessee in meth ring case

Oct. 8, 2019 5:35 AM EDT

GREENEVILLE, Tenn. (AP) — A South Carolina man has been sentenced to almost 20 years in federal prison after pleading guilty in a conspiracy to distribute methamphetamine, launder money and possess firearms in connection with trafficking. The U.S. attorney's office in East Tennessee said 49-year-old...

Malaysia fines 80 people, groups for alleged 1MDB payments

Oct. 7, 2019 1:26 AM EDT

KUALA LUMPUR, Malaysia (AP) — Malaysia's anti-graft agency on Monday ordered 80 people and groups to pay fines totaling about $100 million for allegedly receiving funds from the 1MDB state investment fund. Former Prime Minister Najib Razak's brother Nazir Razak, who heads the country's second-largest bank,...

Ex-Mexican governor wanted in Texas waives extradition to US

Oct. 5, 2019 5:17 PM EDT

SAN ANTONIO (AP) — A former governor of a Mexican state along the U.S.-Mexico border will face money-laundering and fraud charges in South Texas after waiving extradition to the United States. The San Antonio Express-News reports Jorge Juan Torres López had been indicted in 2013 in Corpus Christi on...

Accused ringleader faces more charges in good Samaritan ruse

Oct. 3, 2019 4:45 PM EDT

CAMDEN, N.J. (AP) — A man already charged in state court with scamming donors out of more than $400,000 with a fake feel-good story about a homeless veteran is facing federal charges. The U.S attorney’s office charged Mark D'Amico on Thursday with wire fraud conspiracy and money laundering...

Estonian bank enters liquidation over money laundering case

Oct. 1, 2019 6:26 AM EDT

HELSINKI (AP) — Denmark's largest bank says its Estonian branch, which was involved in a 200 billion-euro ($220 billion) money laundering scandal, has entered liquidation after winding down banking activities in the Baltic country. Frederik Bjoern, Danske Bank's chairman of the liquidation committee, said...

Cars taken from Equatorial Guinea leader's son sold for $27M

Sep. 29, 2019 8:45 PM EDT

GENEVA (AP) — Car lovers from around the world splashed out more than $27 million at an auction Sunday for dozens of luxury cars seized from the son of Equatorial Guinea's president in a Swiss money-laundering probe. The 25 lots sold by auction house Bonhams included a white-and-cream 2014 Lamborghini...

Dutch bank ABN AMRO in money laundering investigation

Sep. 26, 2019 3:31 AM EDT

THE HAGUE, Netherlands (AP) — Dutch bank ABN AMRO says it is under investigation for possible breaches of the Netherlands' money laundering and terrorism financing legislation. The bank announced the probe in a short statement Thursday and said it will cooperate fully with investigators. Earlier this year,...