Latest Money laundering News

FILE - This June 13, 2016 file photo shows Drug Enforcement Administration (DEA) agents in Florida. On Friday, Feb. 21, 2020, the FBI arrested U.S. federal narcotics agent Jose Irizarry and his wife, Nathalia Gomez Irizarry, at their residence in Puerto Rico, according to a law enforcement official familiar with the arrest. He has been charged with conspiring to launder money with the very same Colombian drug cartels he was supposed to be fighting. (Joe Burbank/Orlando Sentinel via AP, File)

AP Exclusive: DEA agent accused of conspiring with cartel

Feb. 22, 2020 10:10 AM EST

MIAMI (AP) — A once-standout U.S. federal narcotics agent known for spending lavishly on luxury cars and Tiffany jewelry has been arrested on charges of conspiring to launder money with the same Colombian drug cartel he was supposed to be fighting. Jose Irizarry and his wife were arrested Friday at their...

Brian Urlacher's brother charged in offshore gambling ring

Feb. 20, 2020 9:46 PM EST

CHICAGO (AP) — The brother of Chicago Bears Hall of Fame linebacker Brian Urlacher and nine others, including a police officer, have been charged with operating an offshore sports gambling business, federal prosecutors announced Thursday. Casey Urlacher, the mayor of the Illinois village of Mettawa, is...

Spanish judge summons Venezuelan TV owner in PDVSA probe

Feb. 20, 2020 10:53 AM EST

MADRID (AP) — A Spanish judge has named the owner of Venezuelan television network Globovisión in an investigation of alleged corruption and money laundering by Venezuela’s state-owned oil company PDVSA. National Court judge María Tardón issued an order on Thursday to summon...

Swiss bank penalized over alleged FIFA, Venezuela corruption

Feb. 20, 2020 2:58 AM EST

GENEVA (AP) — Switzerland’s financial market authority has penalized Julius Baer bank for violating its obligations to fight money laundering over a nearly nine-year span. The sanctions are related to alleged corruption linked to Venezuela’s state-owned oil company and global soccer body...

FILE - In this  Jan. 10, 2020, file photo, former Nissan Chairman Carlos Ghosn speaks to Japanese media during an interview in Beirut, Lebanon. Nissan filed a civil suit Wednesday, Feb. 12, 2020 seeking 10 billion yen ($91 million) in damages from the Japanese automaker's former Chairman Carlos Ghosn. (Meika Fujio/Kyodo News via AP, File)

France steps up investigation around Ghosn, Omani dealership

Feb. 19, 2020 2:13 PM EST

PARIS (AP) — French prosecutors are turning up the heat on disgraced car industry executive Carlos Ghosn, opening a judicial inquiry into alleged money laundering, fraud and misuse of company assets during his time at the helm of the Renault-Nissan alliance. The prosecutor's office in the Paris suburb of...

President Donald Trump talks to the media before he boards Air Force One for a trip to Los Angeles to attend a campaign fundraiser, Tuesday, Feb. 18, 2020, at Andrews Air Force Base, Md. (AP Photo/Evan Vucci)

President Trump goes on clemency spree, and the list is long

Feb. 19, 2020 6:18 AM EST

WASHINGTON (AP) — President Donald Trump went on a clemency blitz Tuesday, commuting former Illinois Gov. Rod Blagojevich's 14-year prison sentence and pardoning former New York City police commissioner Bernie Kerik, among a long list of others. Those who got a break from Trump include financier Michael...

Florida woman in fraud case among those with Trump clemency

Feb. 18, 2020 6:53 PM EST

ORLANDO, Fla. (AP) — A Florida woman convicted in a $205 million Medicare fraud scheme is among the 11 federal inmates around the nation on whose behalf President Donald Trump has taken clemency actions. Trump commuted 48-year-old Judith Negron's sentence Tuesday. Her husband, Hector Negron, sat his two...

Exterior view of the Peace Palace housing the World Court in The Hague, Netherlands, Monday, Feb. 17, 2020. Lawyers for Equatorial Guinea told United Nations judges Monday that French authorities illegally seized a mansion in Paris which they insist operated as the African nation's embassy. The building was seized as part of a money laundering investigation into the son of the central African nation's president. (AP Photo/Mike Corder)

Equatorial Guinea: France illegally seized 'embassy'

Feb. 17, 2020 7:26 AM EST

THE HAGUE, Netherlands (AP) — Lawyers for Equatorial Guinea told United Nations judges Monday that French authorities illegally seized a mansion in Paris that the African nation insists operated as its embassy. The building was seized as part of a money laundering investigation into the son of the central...

2 charged in multimillion-dollar prostitution operation

Feb. 15, 2020 11:52 AM EST

DENVER (AP) — A Colorado woman and an Israeli man are charged with laundering millions of dollars that U.S. prosecutors say came from a high-end prostitution operation they ran for years. Tracy Reynolds of Alamosa, Colorado, was arrested Tuesday at the Tampa, Florida, airport, where the 45-year-old was...

Cyprus urged to go after laundering of foreign illicit cash

Feb. 12, 2020 3:17 AM EST

NICOSIA, Cyprus (AP) — Cyprus needs to step up its fight against the laundering of illicit cash generated outside the east Mediterranean island nation, a leading European financial watchdog said Wednesday. Moneyval, which is part of the Council of Europe, the continent's leading human rights organization,...