Latest Money laundering News

Treasury warns that anti-woke banking laws like Florida's are a national security risk

Jul. 19, 2024 09:54 AM EDT

WASHINGTON (AP) — The Treasury Department is warning that state laws that restrict banks from considering environmental, social and governance factors could harm efforts to address money laundering and terrorism financing. The Associated Press obtained a copy of the letter sent...

Ex-senator, Illinois governor candidate McCann gets 3 1/2 years for fraud and money laundering

Jul. 10, 2024 15:57 PM EDT

SPRINGFIELD, Ill. (AP) — A former Illinois state senator and candidate for governor was sentenced Wednesday in federal court to 3 1/2 years in prison after pleading guilty to fraudulent use of campaign funds, money laundering and tax evasion. U.S. District Court Judge Colleen...

Brazil's Bolsonaro indicted for alleged money laundering for undeclared diamonds from Saudi Arabia

Jul. 05, 2024 19:33 PM EDT

SAO PAULO (AP) — The indictment of former Brazilian President Jair Bolsonaro for money laundering and criminal association in connection with undeclared diamonds from Saudi Arabia marked the far-right leader’s second formal accusation, with more potentially in store. The...

Brazil's federal police indict ex-President Bolsonaro for money laundering and criminal association, source confirms

Jul. 04, 2024 17:30 PM EDT
SAO PAULO (AP) — Brazil's federal police indict ex-President Bolsonaro for money laundering and criminal association, source confirms.

Judge acquits 28 people accused in Panama Papers case, including law firm co-founder

Jun. 29, 2024 13:02 PM EDT

PANAMA CITY (AP) — A judge has acquitted 28 people accused of money laundering in an international case known as the Panama Papers, including the co-founder of a law firm that authorities say was at the center of a conspiracy to hide money linked to illegal activities. Jürgen...

Turkey welcomes removal from a key money-laundering watchlist, hoping to boost foreign investment

Jun. 28, 2024 07:50 AM EDT

ANKARA, Turkey (AP) — Turkey on Friday welcomed a decision by an international watchdog to remove it from a so-called “ gray list ” of countries that have not fully implemented measures to fight money laundering and terrorism financing. The announcement by the Financial Action...

Argentina's president promises to quash corruption then shocks with his Supreme Court pick

Jun. 21, 2024 00:12 AM EDT

BUENOS AIRES, Argentina (AP) — Campaigning last year as a libertarian outsider, Javier Milei electrified rallies with his vows to destroy Argentina’s corrupt political elite. But the eccentric economist-turned-president now faces accusations of hypocrisy over his Supreme Court nomination. ...

24 people charged in money laundering scheme involving Mexico's Sinaloa cartel, prosecutors say

Jun. 18, 2024 17:01 PM EDT

LOS ANGELES (AP) — A five-year investigation by U.S. officials has uncovered a complex partnership between one of Mexico’s most notorious drug cartels and Chinese underground banking groups in the U.S. that laundered money from the sale of fentanyl, cocaine and other drugs, federal prosecutors...

What will become of The Epoch Times with its chief financial officer accused of money laundering?

Jun. 05, 2024 16:32 PM EDT

NEW YORK (AP) — The arrest of an executive at The Epoch Times in a money-laundering scheme this week has drawn attention to a media outlet that has lived largely in the shadows since its founding in 2000 and a transformation during the Trump administration. Federal prosecutors in...

Epoch Times CFO is arrested and accused of role in $67M multinational money laundering scheme

Jun. 03, 2024 22:49 PM EDT

NEW YORK (AP) — The chief financial officer of The Epoch Times, a conservative multinational media company, is accused of taking part in a multi-year scheme to launder tens of millions of dollars in fraudulently obtained unemployment benefits and other funds, according to an indictment unsealed...