Latest Money laundering News

Prosecutors allege fraud, kickbacks and murder-for-hire plot

Dec. 13, 2018 4:13 PM EST

RALEIGH, N.C. (AP) — A Russian couple who lived a lavish life behind the gates of a sprawling North Carolina mansion hid an explosive secret, prosecutors said this week: They were living off a scheme that produced $150 million in kickbacks from subcontractors seeking business with Russia's military. On top...

Colombian ex-official sentencing delayed in bribery scheme

Dec. 13, 2018 1:43 PM EST

MIAMI (AP) — Sentencing has been postponed for a former Colombian anti-corruption official who pleaded guilty to U.S. money-laundering conspiracy charges as part of a bribery scheme. A sentencing hearing originally set Thursday in Miami federal court will instead occur Monday for Luis Gustavo Moreno...

Malaysian ex-PM slapped with new charge over 1MDB scandal

Dec. 12, 2018 5:47 AM EST

KUALA LUMPUR, Malaysia (AP) — Former Malaysian Prime Minister Najib Razak was charged Wednesday with tampering with the final audit report on a defunct state investment fund, adding to a long list of corruption allegations against him since his ouster in May elections. Najib was charged along with Arul...

Hong Kong businessman guilty of bribery in African oil deal

Dec. 5, 2018 6:18 PM EST

NEW YORK (AP) — A federal jury convicted a Hong Kong businessman Wednesday of bribing the presidents of two African nations to secure oil rights for a Chinese energy conglomerate, a case that stretched from the halls of the United Nations and highlighted the often blurry line between nongovernmental...

Police arrest 84 in European crackdown on Italian mob

Dec. 5, 2018 2:32 PM EST

THE HAGUE, Netherlands (AP) — In an investigation that underscored an Italian crime syndicate's role as a leading player in international cocaine trafficking, police in four countries arrested at least 84 suspected mobsters Wednesday in a series of carefully coordinated raids. Those detained allegedly work...

Malaysian fugitive financier, 4 others face new 1MDB charges

Dec. 5, 2018 6:27 AM EST

KUALA LUMPUR, Malaysia (AP) — Malaysian police said Wednesday they have filed new criminal charges against fugitive financier Low Taek Jho and four others over the multibillion-dollar looting of state investment fund 1MDB. Low is wanted for his alleged role as the mastermind in a massive money laundering...

The Latest: Police arrest about 90 in raids on Italian mafia

Dec. 5, 2018 6:12 AM EST

BERLIN (AP) — The Latest on raids on the Italian mob across Europe (all times local): 12:10 p.m. Police say they have arrested about 90 suspected mafia members in a series of coordinated raids in four European countries. The arrests in Italy, Germany, the Netherlands and Belgium came as part of an...

4 men charged in Panama Papers investigation

Dec. 4, 2018 7:54 PM EST

NEW YORK (AP) — Federal authorities announced a raft of conspiracy and tax fraud charges Tuesday against four men in the first U.S. prosecution related to the so-called Panama Papers. The 11-count indictment unsealed in Manhattan stems from what prosecutors described as an "intercontinental money...

The Latest: Attorney says his client will be vindicated

Dec. 4, 2018 7:52 PM EST

NEW YORK (AP) — The Latest on charges in the Panama Papers investigation (all times local): 7:30 p.m. An attorney for one of the four men charged in an international tax scheme related to the so-called Panama Papers says his client will be vindicated at trial. Jeffrey Neiman represents Harald Joachim Von...

Arguments in UN-linked business bribery trial draw to close

Dec. 4, 2018 5:20 PM EST

NEW YORK (AP) — A U.S. prosecutor told a jury Tuesday that a "cheating" Hong Kong businessman undermined faith in the international market by lining the pockets of two African presidents to secure oil rights for a Chinese energy conglomerate. But a defense attorney for Dr. Chi Ping Patrick Ho called the...