Latest Money laundering News

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...

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...

FILE - Iin this Jan.13, 2020 file photo, former president of the IAAF (International Association of Athletics Federations) Lamine Diack arrives at the Paris courthouse, Monday, Jan. 13, 2020. A Paris court is delivering its verdict Wednesday Sept. 16, 2020, in the trial of Lamine Diack on corruption, money laundering and breach of trust charges against the one-time supremo of global track and field athletics, and according to prosecutors, creamed off millions for himself, with his son.(AP Photo/Thibault Camus, File)

Former IAAF head Lamine Diack sentenced to 2 years in prison

Sep. 16, 2020 12:59 PM EDT

PARIS (AP) — Former track federation president Lamine Diack was sentenced Wednesday to two years in prison for corruption during his nearly 16-year tenure at the IAAF, most notably a scheme that allowed Russian athletes who paid millions in hush money to keep competing when they should have been suspended...

FILE - In this Feb. 13, 2020 file photo, Brazilian former President Luiz Inacio Lula da Silva arrives for a meeting with the Italian Cgil union, in Rome. Prosecutors in Brazil’s sprawling Car Wash corruption investigation on Monday, Sept. 24, charged former the former President with money laundering, less than a year after the country’s top court ordered him freed from jail while he appealed his conviction in another case. (AP Photo/Andrew Medichini, File)

Brazil's da Silva faces new charge of money laundering

Sep. 14, 2020 9:38 PM EDT

RIO DE JANEIRO (AP) — Prosecutors in Brazil's sprawling Car Wash corruption investigation on Monday charged former President Luiz Inácio Lula da Silva with money laundering, less than a year after the country's top court ordered him freed from jail while he appealed his conviction in another case. ...

Fifth indicted in a scheme to rig state education contracts

Sep. 11, 2020 4:45 PM EDT

JACKSON, Miss. (AP) — A Memphis lawyer has been indicted for conspiring with a former top official in the Mississippi Department of Education to rig contracts and steal public money, authorities said Friday. Errol Harmon, 47, is charged with conspiracy, bribery, and interstate transportation in aid of...

Switzerland agrees terms for returning seized Uzbek funds

Sep. 11, 2020 11:03 AM EDT

BERLIN (AP) — Switzerland said Friday it has agreed in principle with Uzbekistan on the terms under which money seized as part of a money-laundering investigation against the eldest daughter of former Uzbek President Islam Karimov will be returned to the Central Asian nation. The “framework...

Ex-Driscoll's exec sentenced for stealing from berry giant

Sep. 10, 2020 9:01 PM EDT

SAN JOSE, Calif. (AP) — A former executive for one of the world's largest berry suppliers was sentenced to federal prison Thursday and ordered to repay nearly $1.5 million. Marc Marier, 42, of Napierville, Illinois, was sentenced in a San Jose federal courtroom to 29 months in prison after pleading guilty...

Hong Kong arrests 15 on suspicion of stock manipulation

Sep. 10, 2020 6:53 AM EDT

HONG KONG (AP) — Hong Kong police have arrested 15 people on suspicion of manipulating the stock price of media tycoon Jimmy Lai’s company Next Digital and making millions in profit. The arrests Thursday come after Next Digital’s stock price surged over 1,000% within a span of days last month...

In this Jan. 29, 2020 photo made available by the U.S. Fish and Wildlife Service, confiscated hammerhead shark fins are displayed at the Port of Miami. Federal authorities say they indicted 12 people and seized nearly $8 million in cash, jewels and precious metals after disrupting a criminal enterprise that dealt drugs and sold illegally harvested shark fins to buyers overseas. U.S. Attorney Bobby Christine in Savannah, Georgia, told a news conference Thursday, Sept. 3, 2020 that the U.S. Fish and Wildlife Service uncovered the conspiracy while investigating the illegal practice of cutting the fins off live sharks and dumping them back into the water to die. (U.S. Fish and Wildlife Service via AP)

Indictment accuses 12 of illegally trading shark fins, drugs

Sep. 4, 2020 12:13 PM EDT

SAVANNAH, Ga. (AP) — Federal authorities said Thursday that they have charged 12 people and seized nearly $8 million in cash, jewels and precious metals after disrupting a criminal enterprise that dealt drugs and sold illegally harvested shark fins to buyers overseas. U.S. Attorney Bobby Christine of...

FILE - In this Oct. 8, 2018, file photo, former Pakistani Prime Minister Nawaz Sharif leaves after appearing in a court in Lahore, Pakistan. A Pakistani court on Tuesday Sept. 1, 2020 warned the country's ailing former Prime Minister Nawaz Sharif to return home by Sept. 10 to face a corruption hearing or risk being declared a fugitive from justice. Sharif has been in London since authorities last November released him so he could travel and seek medical treatment abroad. (AP Photo/K.M. Chaudary, File)

Pakistan warns ex-PM Sharif must return to face graft case

Sep. 1, 2020 7:21 AM EDT

ISLAMABAD (AP) — A Pakistani court on Tuesday warned the country's ailing former Prime Minister Nawaz Sharif to return home by Sept. 10 to face a corruption hearing or risk being declared a fugitive from justice. Sharif has been in London since authorities last November released him so he could travel and...