Latest Money laundering News

A man wearing a face mask amid the COVID-19 pandemic passes a mural of Venezuelan President Nicolas Maduro in Caracas, Venezuela, Wednesday, July 22, 2020. Analysts say that in recent months the pandemic has helped suck away the opposition’s scanty momentum and bolster Maduro’s already strong hand. (AP Photo/Ariana Cubillos)

US prosecutor in Miami targeting Venezuela graft is leaving

Aug. 14, 2020 12:03 AM EDT

MIAMI (AP) — A federal prosecutor who has jailed some of Venezuela’s biggest crooks is stepping down, The Associated Press has learned, leaving a void that could dampen U.S. efforts to expose criminal activity in the South American country amid rising tensions with the Trump administration. Michael...

Three stand up paddlers on the river Main in Frankfurt, Germany, as the sun sets, Tuesday, Aug. 4, 2020. (AP Photo/Michael Probst)

German authorities conduct raids in money laundering probe

Aug. 11, 2020 7:22 AM EDT

BERLIN (AP) — German authorities raided an import-export company and the home of a businessman in the state of Brandenburg on Tuesday on suspicion he was involved in a scheme to launder millions of euros (dollars) for Russian criminals, prosecutors said. The suspect is accused of receiving some 7 million...

Malaysian former Finance Minister and Penang Chief Minister Lim Guan Eng, center, leaves courthouse in Butterworth, Malaysia, Monday, Aug. 10, 2020. Lim pleaded not guilty to a second graft charge relating to a $1.5 billion undersea tunnel project. Lim has slammed the charges as political persecution by the new government. (AP Photo/Gary Chuah)

Malaysia's ex-finance minister, wife charged with graft

Aug. 11, 2020 1:54 AM EDT

PENANG, Malaysia (AP) — Malaysia's former finance minister accused the government of taking political vengeance Tuesday after a third graft charge was filed against him and his wife was charged with money laundering. Lim Guan Eng was part of a reformist government ousted in March and the new government...

US charges ex-Guatemala economy chief with money laundering

Aug. 5, 2020 6:15 PM EDT

MIAMI (AP) — United States prosecutors charged a former Guatemala economy minister Wednesday in a purported money laundering conspiracy that allegedly took drug proceeds and converted them into bribes for corrupt politicians. The U.S. Attorney’s Office for the Southern District of Florida alleges...

In this photo distributed by Colombia's Attorney Generals Office, officials pose with their backs to the camera by a pool on a property allegedly belonging to Alex Saab in Barranquilla, Colombia, Wednesday, July 22, 2020. Authorities seized a luxury mansion allegedly belonging to the businessman detained in Cape Verde on U.S. corruption charges related to Venezuelan President Nicolás Maduro. (Colombia's Attorney Generals Office via AP)

Court OKs extradition of man linked to Venezuela's Maduro

Aug. 4, 2020 10:24 AM EDT

CARACAS, Venezuela (AP) — A court in the West African nation of Cape Verde has approved the extradition to the United States of a Colombian businessman wanted on suspicion of money laundering on behalf of Venezuela's socialist government, his lawyers said Tuesday. The court made the decision to extradite...

Ohio House Speaker Larry Householder leaves the federal courthouse after an initial hearing following charges against him and four others alleging a $60 million bribery scheme Tuesday, July 21, 2020, in Columbus, Ohio. (AP Photo/Jay LaPrete)

AP EXPLAINS: A look at $60M bribery probe unfolding in Ohio

Jul. 30, 2020 6:17 PM EDT

COLUMBUS, Ohio (AP) — The arrest July 21 of powerful Republican House Speaker Larry Householder and four associates in a $60 million federal bribery case has upended both politics and policy-making in Ohio. The Ohio House removed Householder from his post Thursday in a unanimous, bipartisan vote and...

FILE - In this Oct. 16, 2015 file photo, Emilio Lozoya, CEO of Petroleos Mexicanos (PEMEX), attends a meeting in Paris, France. The former head of Mexico's state oil company was arrested Wednesday, Feb. 12, 2020 in Spain on a international warrant issued by Mexico, authorities in both countries said. Mexico issued international arrest warrants against Lozoya in 2019 as a result of corruption investigations, including into his alleged ties to Odebrecht, the Brazilian construction company that secured contracts across Latin America through a network of bribes. (AP Photo/Jacques Brinon, File)

Former oil boss faces more charges in Mexico corruption case

Jul. 29, 2020 4:27 PM EDT

MEXICO CITY (AP) — A former government oil company chief who says he was “used” by “an organized apparatus of power” faced a new round of charges Wednesday, after a judge ruled he could stay out of prison while on trial. Emilio Lozoya, who will have to wear a monitoring bracelet...

In this Friday, April 5, 2019, photo, Serbia's finance minister Sinisa Mali, left, speaks with Serbia's President Aleksandar Vucic in Belgrade, Serbia. Serbia's finance ministry has launched an investigation into money laundering and financing of terrorism against dozens of rights organizations, independent journalists and opposition politicians who have been exposing alleged government corruption. (AP Photo/Darko Vojinovic)

Serbia cracks down on rights groups, government critics

Jul. 28, 2020 2:04 PM EDT

BELGRADE, Serbia (AP) — Serbia's finance ministry has launched a probe into possible money laundering and financing of terrorism against dozens of rights groups, independent journalists and opposition politicians who have criticized alleged government corruption and anti-democratic policies. The ministry...

Former Malaysian Prime Minister Najib Razak speaks at the court house in Kuala Lumpur, Malaysia, Tuesday, July 28, 2020. A court has sentenced Najib to serve 12 years in prison after finding him guilty in the first of several corruption trials linked to the multibillion-dollar looting of a state investment fund that brought down his government two years ago. (AP Photo/Vincent Thian)

Malaysian ex-PM Najib given 12 years in jail in 1MDB scandal

Jul. 28, 2020 11:31 AM EDT

KUALA LUMPUR, Malaysia (AP) — A Malaysian court sentenced former Prime Minister Najib Razak to serve 12 years in prison on Tuesday after finding him guilty in the first of several corruption trials linked to the multibillion-dollar looting of the 1MDB state investment fund that brought down his government...

FILE - In this April 3, 2009, file photo Najib Razak, left, swears in as new Malaysian Prime Minister in front of Malaysian King Sultan Mizan Zainal Abidin at National Palace in Kuala Lumpur, Malaysia. Najib was found guilty Tuesday, July 28, 2020, in his first corruption trial over the multibillion-dollar looting of 1MDB. A massive financial scandal linked to the 1MDB wealth sovereign fund helped sink Najib's political career and ended the six-decade rule of his coalition in 2018 national elections. (Bernama via AP, File)

A timeline of events in the downfall of Malaysia's ex-leader

Jul. 28, 2020 1:56 AM EDT

KUALA LUMPUR, Malaysia (AP) — A massive financial scandal linked to the 1MDB wealth sovereign fund helped sink former Malaysian Prime Minister Najib Razak's political career and ended the six-decade rule of his coalition in 2018 national elections. Najib was found guilty Tuesday in his first corruption...