Latest Money laundering News

South African court rules Zuma's corruption case to continue

Oct. 26, 2021 06:54 AM EDT

JOHANNESBURG (AP) — Former South African President Jacob Zuma’s effort to get a prosecutor removed from his corruption case has been dismissed by the Pietermaritzburg High Court. Zuma filed a special application to have prosecutor Billy Downer taken off his case,...

Feds seize $12M, allege its part of money laundering scheme

Oct. 23, 2021 13:13 PM EDT

DETROIT (AP) — Federal prosecutors in Detroit have seized about $12 million in cash that they allege was part of a money laundering scheme operating between the U.S. and the United Arab Emirates. A forfeiture complaint unsealed Thursday in U.S. District Court in Detroit...

Ex-Boston Grand Prix CFO pleads guilty to fraud, tax charges

Oct. 22, 2021 09:22 AM EDT

BOSTON (AP) — The former chief financial officer of the organization that tried to bring an IndyCar race to Boston has pleaded guilty to multiple fraud and tax evasion charges connected to the race and other business interests, and for improperly receiving almost $700,000 in pandemic relief...

Maryland man convicted of money laundering conspiracy

Oct. 22, 2021 08:35 AM EDT

GREENBELT, Md. (AP) — A Maryland man has been convicted of charges stemming from a scheme to defraud account holders at a credit union, a federal prosecutor says. The U.S. Attorney's Office in Maryland says in a news release that a federal jury convicted Francis Arthur,...

Nicaragua arrests 2 business leaders in continuing crackdown

Oct. 21, 2021 15:52 PM EDT

MANAGUA, Nicaragua (AP) — Nicaragua’s national police arrested two leaders of the country’s top private business association Thursday, just one day after a regional body called for the immediate release of political prisoners. A police statement said Michael Healy...

US sentence reduced for Hugo Chavez's former bodyguard

Oct. 20, 2021 12:38 PM EDT

MIAMI (AP) — Hugo Chávez's former bodyguard, who became one of the earliest and most-effective witnesses for U.S. investigations into corruption in Venezuela, is scheduled to be released from prison in the coming months. On Tuesday, a Miami federal judge reduced from...

Credit Suisse faces penalties over Mozambique loan deals

Oct. 20, 2021 11:04 AM EDT

ZURICH (AP) — Credit Suisse has announced settlements totaling nearly $700 million with British and U.S. authorities over lending to Mozambique state-owned companies that Swiss regulators say violated anti-money laundering rules. The Swiss financial markets authority...

Mother of Taiwan slay victim blasts Hong Kong authorities

Oct. 20, 2021 03:49 AM EDT

HONG KONG (AP) — The Hong Kong mother whose daughter was killed in Taiwan in 2018 on Wednesday lambasted authorities in the Chinese city for letting the man who confessed to the crime walk free, while Hong Kong blamed self-ruled Taiwan for “political manipulation” in the case. ...

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...