Latest Money laundering News

Lawyer says US bid to extradite North Korean is 'political'

Sep. 20, 2019 8:50 AM EDT

KUALA LUMPUR, Malaysia (AP) — A lawyer for a North Korean man facing potential extradition from Malaysia to the United States to face money laundering charges said Friday that the request was baseless and "political in nature." Mun Chol Myong, 54, has lived in Malaysia for a decade and was arrested in May...

Prosecutors: 58 accused of Texas health care, opioid fraud

Sep. 18, 2019 3:26 PM EDT

DALLAS (AP) — Federal prosecutors say 58 people across Texas have been charged with assorted health care fraud that's been blamed for $66 million in losses and unlawful distribution of opioids. The Justice Department on Wednesday announced that the individual cases include 20 people charged with diverting...

Man linked to Russian agent asks for delay in fraud case

Sep. 17, 2019 3:58 PM EDT

SIOUX FALLS, S.D. (AP) — An attorney for a South Dakota man linked to an admitted Russian covert agent is asking a judge to delay his client's trial on accusations he bilked at least $2.3 million from dozens of people in a bogus investment scam. Businessman and conservative political operative Paul...

Sudan court says trial of al-Bashir to resume next week

Sep. 14, 2019 1:21 PM EDT

CAIRO (AP) — A Sudanese court says the trial of former President Omar al-Bashir on corruption and money laundering charges will resume next week. The court on Saturday heard the testimony of five witnesses, including from Hatem Hassan Bakhit, the director of al-Bashir's office. Bakhit had previously...

LA man will plead guilty to smuggling cocaine to Australia

Sep. 13, 2019 6:42 PM EDT

LOS ANGELES (AP) — A Los Angeles man has agreed to plead guilty to smuggling nearly 90 pounds of cocaine to Australia by concealing it in items such as water heaters, air conditioners and lampstands. Prosecutors announced Friday that Vardges Markosyan of North Hollywood has agreed to enter pleas to...

Man sentenced for role in large-scale pot trafficking ring

Sep. 12, 2019 12:33 PM EDT

NEW HAVEN, Conn. (AP) — A Connecticut man who prosecutors say was part of a marijuana trafficking operation that flew about two tons of pot into the state on a small aircraft has been sentenced to about 2 ½ years in prison. Federal prosecutors say 34-year-old Terrell Givens, of Beacon Falls, was...

Jailed Tunisia presidential candidate starts hunger strike

Sep. 12, 2019 8:58 AM EDT

TUNIS, Tunisia (AP) — A lawyer for a jailed presidential candidate in Tunisia said his client has started a hunger strike to defend his right to take part in Sunday's election. In a statement published Thursday on Facebook, lawyer Ridha Belhaj said he met with Nabil Karoui, who was jailed Aug. 23 pending...

Player's agent arrested in money laundering soccer probe

Sep. 11, 2019 9:44 AM EDT

BRUSSELS (AP) — Police have arrested two people, including a player's agent, as part of an international money laundering and corruption investigation in soccer. Brussels prosecutors said that several raids took place in Monaco, Belgium and London on Tuesday and Wednesday. Belgian police cooperated with...

Brazil police arrest son of ex-official in bribes case

Sep. 10, 2019 1:14 PM EDT

RIO DE JANEIRO (AP) — Brazilian federal police arrested the son of a former energy minister Friday as part of an investigation into corruption and money laundering involving construction of the huge Belo Monte dam. The warrant against Marcio Lobao authorized a renewable, five-day temporary arrest....

Italy police detains 10 for alleged terrorism financing

Sep. 7, 2019 7:26 AM EDT

ROME (AP) — Italian police have detained 10 people in the central Abruzzo region for alleged tax crimes and money laundering aimed at financing Islamic extremist groups. Investigators said at a news conference Saturday that the eight Tunisians and two Italians are suspected of financing with "enormous sums...