Latest Money laundering News

Gold, watches and other luxury items totaling $1.75B seized in Singapore money laundering scheme

Sep. 21, 2023 21:46 PM EDT

KUALA LUMPUR, Malaysia (AP) — Singapore police say they have uncovered more luxury watches, gold bars and other assets from a massive money laundering scheme that was busted last month, bringing the total amount of assets seized or frozen to 2.4 billion Singapore dollars ($1.75 billion). ...

Ovidio Guzmán López, son of Sinaloa cartel leader ‘El Chapo,’ pleads not guilty to US drug, money laundering charges

Sep. 18, 2023 14:29 PM EDT
CHICAGO (AP) — Ovidio Guzmán López, son of Sinaloa cartel leader ‘El Chapo,’ pleads not guilty to US drug, money laundering charges.

Miami city commissioner charged with bribery and money laundering

Sep. 14, 2023 18:29 PM EDT

MIAMI (AP) — A city of Miami commissioner accused of bribery and money laundering was arrested Thursday on multiple corruption charges, officials said. Miami Commissioner Alex Diaz de la Portilla and a co-defendant, Miami attorney William Riley Jr., were both booked into the...

Lawyers argue indicted Backpage employees sought to keep prostitution ads off the site

Sep. 12, 2023 20:02 PM EDT

PHOENIX (AP) — A former executive and two operations managers for classified site worked vigorously to keep the platform free of ads for prostitution even as strategies on how to do so constantly shifted, their attorneys said Tuesday at a federal trial in Phoenix. ...

2 siblings are sentenced in a North Dakota fentanyl probe. 5 fugitives remain

Sep. 08, 2023 16:37 PM EDT

Two siblings were sentenced in federal court this week for their part in a sprawling operation that prosecutors say trafficked fentanyl from China to the U.S. and Canada, some of the last cases stemming from an investigation into the overdose death of an 18-year-old in North Dakota. ...

Founders of crypto mixer arrested, sanctioned after US cracks down on Tornado Cash

Aug. 23, 2023 18:43 PM EDT

WASHINGTON (AP) — U.S. government officials on Wednesday started cracking down on the co-founders of the virtual currency mixer Tornado Cash, just days after a federal judge decided that the government had the authority to sanction them. Treasury’s Office of Foreign Assets...

Kansas City Superfan 'ChiefsAholic' charged with stealing almost $700,000 in bank heists

Aug. 17, 2023 12:38 PM EDT

KANSAS CITY, Mo. (AP) — A Kansas City Chiefs superfan known as “ChiefsAholic” and familiar for attending games dressed as a wolf in the NFL team's gear has been indicted by a federal grand jury that accuses him of armed robbery and money laundering in a string of bank heists across four...

Son of Colombia's president freed while he is investigated for illicit enrichment, money laundering

Aug. 05, 2023 01:01 AM EDT

BOGOTA, Colombia (AP) — A Colombian judge on Friday night ordered President Gustavo Petro’s son freed from detention while he is investigated on allegations of illicit enrichment and money laundering. Nicolás Petro was arrested early Saturday, and this week was charged with the...

The son of Colombia's president says his father's election campaign received money of dubious origin

Aug. 03, 2023 21:16 PM EDT

BOGOTA, Colombia (AP) — The son of Colombian President Gustavo Petro acknowledged Thursday that his father’s 2022 election campaign received money of dubious origin, according prosecutors investigating the son for alleged illicit enrichment and money laundering. Nicolás Petro,...

Son of Colombia's president is charged with money laundering

Aug. 01, 2023 19:49 PM EDT

BOGOTA, Colombia (AP) — The son of Colombia’s president was charged Tuesday with money laundering and illicit enrichment at a hearing where prosecutors said he took thousands of dollars from drug traffickers and used it to buy luxurious homes and expensive cars. Nicolás Petro,...