Latest Money laundering News

US official lauds Cyprus' anti-money laundering efforts

Apr. 19, 2019 7:40 AM EDT

NICOSIA, Cyprus (AP) — A senior U.S. Treasury Department official says Cyprus has done "outstanding" work to curtail money laundering. Treasury Department Assistant Secretary Marshall Billingslea says Cyprus has made "enormous progress and improvements" in its legal framework as well as in law enforcement....

Japanese father, son appear in Las Vegas in $1.5B fraud case

Apr. 18, 2019 8:27 PM EDT

LAS VEGAS (AP) — Two former investment executives from Japan pleaded not guilty in Las Vegas on Thursday to criminal fraud charges in what prosecutors have called a $1.5 billion international Ponzi scheme. Junzo Suzuki, 70, and his son, Paul Suzuki, 40, arrived in custody in the U.S. on Wednesday, and...

Affidavit details fraud case of man linked to Russian agent

Apr. 16, 2019 7:31 AM EDT

A South Dakota man linked to an admitted Russian covert agent is accused of obtaining at least $2.3 million from 78 people for bogus investments dating to at least 1997, according to documents unsealed Monday. Businessman and conservative political operative Paul Erickson, of Sioux Falls, has pleaded not guilty...

Loughlin, Giannulli plead not guilty in college bribery scam

Apr. 15, 2019 4:22 PM EDT

BOSTON (AP) — "Full House" actress Lori Loughlin and her fashion designer husband, Mossimo Giannulli, pleaded not guilty Monday to charges that they paid $500,000 in bribes to get their daughters into the University of Southern California. The couple is among 50 prominent parents, athletic coaches and...

Prosecutors ask Peru judge to keep ex-president behind bars

Apr. 15, 2019 11:42 AM EDT

LIMA, Peru (AP) — Prosecutors in Peru are asking a judge to keep former President Pedro Pablo Kuczynski behind bars as he is investigated for suspected money laundering related to Latin America's biggest graft scandal. Deputy prosecutor Hernan Mendoza made the request Monday morning, saying the former Wall...

Test taker pleads guilty in college admissions bribery scam

Apr. 12, 2019 4:57 PM EDT

BOSTON (AP) — A former Florida prep school administrator pleaded guilty Friday to taking college entrance exams for students in exchange for cash to help wealthy parents get their kids into elite universities. Mark Riddell admitted to secretly taking the ACT and SAT in place of students, or correcting...

The Latest: Test taker pleads guilty in college bribery scam

Apr. 12, 2019 3:08 PM EDT

BOSTON (AP) — The Latest on dozens of people charged in the sweeping college admissions scam (all times local): 3 p.m. A former Florida prep school administrator has pleaded guilty to rigging students' entrance exam scores in a nationwide college admissions cheating scheme. Mark Riddell pleaded guilty in...

Judge orders detention of former Peruvian president

Apr. 10, 2019 5:31 PM EDT

LIMA, Peru (AP) — A Peruvian judge on Wednesday ordered the 10-day detention of former President Pedro Pablo Kuczynski as part of a money laundering probe into his consulting work for the company at the heart of Latin America's biggest graft scandal. Special police agents gathered outside Kuczynski's...

Malaysia former first lady hit with fresh corruption charge

Apr. 10, 2019 12:45 AM EDT

KUALA LUMPUR, Malaysia (AP) — The wife of Malaysia's former Prime Minister Najib Razak was hit Wednesday with a new corruption charge over a solar energy contract. Rosmah Mansor pleaded not guilty to accepting a 5 million ringgit ($1.22 million) bribe through her aide from a manager at Jepak Holdings as a...

Loughlin, husband, others hit with money laundering charge

Apr. 9, 2019 9:44 PM EDT

BOSTON (AP) — Federal prosecutors added money laundering to the list of accusations against actress Lori Loughlin, her fashion designer husband, Mossimo Giannulli, and 14 other prominent parents Tuesday in the college admissions bribery case, increasing the pressure on them to plead guilty as other parents...