Latest Money laundering News

Maduro ally appears in court to face corruption charges

Oct. 18, 2021 17:14 PM EDT

MIAMI (AP) — A businessman who prosecutors say was a major conduit for corruption by Nicolás Maduro's inner circle appeared for the first time in Miami federal court Monday after a weekend extradition that has further strained relations between the U.S. and Venezuela's socialist...

Venezuela halts talks after Maduro ally's extradition to US

Oct. 16, 2021 23:29 PM EDT

MIAMI (AP) — Venezuela’s government said Saturday it would halt negotiations with its opponents in retaliation for the extradition to the U.S. of a close ally of President Nicolás Maduro who prosecutors believe could be the most significant witness ever about corruption in the South...

Spanish court allows extradition to US of Venezuelan suspect

Oct. 15, 2021 10:57 AM EDT

MADRID (AP) — Spain’s National Court consented Friday to the extradition to the United States of ex-Venezuelan leader Hugo Chávez’s former nurse, who is charged in Miami with money laundering. The court’s magistrates “consider that all requirements are met”...

EU agencies crack down on pandemic recovery fund fraud

Oct. 15, 2021 07:55 AM EDT

THE HAGUE, Netherlands (AP) — European Union agencies are launching a year-long operation to crack down on fraud targeting the bloc's multibillion-euro COVID-19 pandemic recovery fund, EU police agency Europol announced Friday. Operation Sentinel will coordinate the...

Man admits role in nearly $7M paycheck protection scheme

Oct. 14, 2021 09:04 AM EDT

NEWARK, N.J. (AP) — A man admitted in federal court in New Jersey that he participated in a scheme to fraudulently try to obtain nearly $7 million in Paycheck Protection Program loans. Gregory Blotnick, 34, pleaded guilty Wednesday to wire fraud and money laundering. ...

Former Georgia insurance commissioner sentenced to 7 years

Oct. 12, 2021 14:37 PM EDT

ATLANTA (AP) — Georgia's former insurance commissioner will spend more than seven years in prison, as he finally accepted responsibility Tuesday for a $2.5 million fraud even as a federal judge lambasted him for lying from the stand during his July trial. U.S. District...

UK bank NatWest faces fine over money laundering failures

Oct. 07, 2021 08:22 AM EDT

LONDON (AP) — British bank NatWest faces a potentially hefty fine after admitting Thursday to three charges relating to anti-money laundering failures. The case, which was heard at Westminster Magistrates’ Court, related to 365 million pounds ($495 million) deposited...

German police raid ring suspected of laundering $162 million

Oct. 06, 2021 10:44 AM EDT

BERLIN (AP) — Police carried out large-scale raids in 25 German cities Wednesday, after a chance discovery last year put investigators on the trail of a money-laundering network alleged to have funneled millions in ill-gotten gains abroad. Officials said the raids,...

New trial set for Backpage founders after recent mistrial

Oct. 05, 2021 15:43 PM EDT

PHOENIX (AP) — A new trial has been scheduled on Feb. 22 for the founders of the classified site Backpage.com after the first attempt at trying them on prostitution facilitation and money laundering charges ended in a mistrial. A judge declared the mistrial three weeks...

3 Omaha residents face fraud charges over COVID loans

Sep. 30, 2021 15:39 PM EDT

OMAHA, Neb. (AP) — Three Omaha residents face fraud charges related to applications for loans intended to help small businesses affected by the COVID-19 pandemic, according to federal prosecutors. Tamika Cross, 42, Ronnie Cross, 44, and Davida Anderson, 51, have been...