Latest Money laundering News
Former high-ranking Democratic legislator in New Mexico pleads not guilty in federal fraud case
ALBUQUERQUE, N.M. (AP) — A former high-ranking Democratic legislator in New Mexico has pleaded not guilty to numerous federal charges stemming from a corruption investigation into allegations that millions of dollars meant for educational programs in the state's largest school district were...
From overcapacity to TikTok, the issues covered during Janet Yellen's trip to China
BEIJING (AP) — U.S. Treasury Secretary Janet Yellen and her team are leaving China and returning to Washington after trying to tackle the major questions of the day between the countries. Here's a look at what she tried to accomplish, what was achieved, and where things stand for the world's two...
'Panama Papers' trial starts. 27 people charged in the worldwide money laundering case
PANAMA CITY (AP) — The trial of 27 people charged in connection with the worldwide “Panama Papers” money laundering started Monday in a Panamanian criminal court. Those on trial include the owners of the Mossack-Fonseca law firm that was at the heart of the 2016 massive...
New US-China talks will address a top American complaint about Beijing's economic model, Yellen says
GUANGZHOU, China (AP) — U.S. Treasury Secretary Janet Yellen said Saturday that upcoming U.S.-China talks will tackle a top Biden administration complaint that Beijing's economic model and trade practices put American companies and workers at an unfair competitive disadvantage. ...
Nigeria seeks to try crypto exchange Binance executives over alleged money laundering, tax evasion
ABUJA, Nigeria (AP) — Nigerian authorities asked in court Thursday for cryptocurrency exchange Binance and two of its executives to be tried for alleged money laundering and tax evasion, the first legal step following weeks of a criminal investigation into the trading platform. ...
US treasury secretary is in China to talk trade, anti-money laundering and Chinese 'overproduction'
GUANGZHOU, China (AP) — Treasury Secretary Janet Yellen arrived in China on Thursday for five days of meetings in a nation determined to avoid open conflict with the United States, yet the world's two largest economies still appear to be hashing out the rules on how to compete against each other....
Lebanon's billionaire prime minister denies allegations of money laundering in France
PARIS (AP) — Lebanon's billionaire caretaker prime minister has denied allegations of money laundering after a complaint was filed in France by two anti-corruption groups this week. The complaint against Najib Mikati was formally filed Tuesday with France’s National Financial...
Deputy chief of Thailand's national police surrenders for arrest on money laundering charge
BANGKOK (AP) — A deputy chief of Thailand’s national police force involved in many high-profile cases turned himself in to fellow officers on Tuesday after a court issued a warrant for his arrest on money laundering charges. Police Gen. Surachate Hakparn had recently been...
Two go on trial in Switzerland over 'kleptocracy' scandal involving Saudi oil firm, Malaysian bank
GENEVA (AP) — Two managers of a Saudi oil exploration company went on trial in Switzerland on Tuesday for alleged fraud and money laundering over a scandal years ago linked to a Malaysian sovereign wealth fund that the U.S. Justice Department once described as the “biggest kleptocracy case”...
US missionary group pledges to appeal the convictions of 11 members in Nicaragua
MEXICO CITY (AP) — The U.S.-based missionary group Mountain Gateway said Friday it will file appeals against the convictions of 11 members of the group who were jailed by Nicaragua in December on money laundering charges. The 11 are Nicaraguans who worked with the Texas-based...
