Latest Money laundering News

Former Maldives president arrested over money laundering

Feb. 18, 2019 12:15 PM EST

MALE, Maldives (AP) — A Maldives court ordered the arrest and detention of former President Yameen Abdul Gayoom on Monday on charges of money laundering. The criminal court in Male, the capital, ordered Yameen held in custody after prosecutors argued at a hearing that he could attempt to influence...

Maldives court orders detention of former Maldives President Yameen Abdul Gayoom over alleged money laundering

Feb. 18, 2019 6:58 AM EST
MALE, Maldives (AP) — Maldives court orders detention of former Maldives President Yameen Abdul Gayoom over alleged money laundering.

AP Interview: Maldives ex-president says debt under audit

Feb. 14, 2019 8:47 AM EST

NEW DELHI (AP) — Ex-Maldives President Mohamed Nasheed said Thursday that the country is seeking to reduce the more than $3 billion he estimates it could owe China, some of which he said came in the form of "ill-gotten wealth" for the previous government of President Yameen Abdul Gayoom. A close adviser to...

EU wants 23 states on laundering, terror financing blacklist

Feb. 13, 2019 6:09 AM EST

BRUSSELS (AP) — The European Union Commission on Tuesday proposed to put 23 non-EU countries and territories on a blacklist of those it believes to pose a high risk when it comes to money laundering or terrorist financing. Justice Commissioner Vera Jourova said Wednesday that the list, including such...

Malaysian ex-PM Najib combative ahead of 1MDB graft trial

Feb. 11, 2019 6:53 AM EST

KUALA LUMPUR, Malaysia (AP) — From appearing in an R&B music video and trolling social media to vilify the new government, former Malaysian Prime Minister Najib Razak has been combative before the start of his graft trial, linked to the multibillion-dollar looting of the 1MDB state investment fund that...

The Latest: Malaysian ex-leader's graft trial delayed

Feb. 11, 2019 5:23 AM EST

KUALA LUMPUR, Malaysia (AP) — The Latest on the trial of former Malaysian Prime Minister Najib Razak on graft charges (all times local): 5:30 p.m. A defense lawyer says former Malaysian leader Najib Razak's graft trial, scheduled for Tuesday, has been postponed by a court ruling. Najib has pleaded not...

Indicted political operative popped up in unlikely places

Feb. 8, 2019 1:10 PM EST

PIERRE, S.D. (AP) — Paul Erickson, the boyfriend of admitted Russian covert agent Maria Butina accused this week of fraud, has turned up in the unlikeliest of places — from landing a top spot on Pat Buchanan's 1992 presidential campaign to representing a man involved in one of the most salacious...

Swiss close case against son of Equatorial Guinea leader

Feb. 7, 2019 11:43 AM EST

BERLIN (AP) — Swiss prosecutors say they have closed an investigation involving the son of the president of Equatorial Guinea and two other people. Geneva prosecutors opened the probe on suspicions of money laundering and mismanagement of public assets in 2016. They seized 25 cars in Geneva and a yacht in...

Maldives ex-president to be charged with money laundering

Feb. 7, 2019 2:24 AM EST

MALE, Maldives (AP) — Police in the Maldives have asked the country's prosecutor general to charge a former president with money laundering and his former Cabinet minister with aiding him. A police statement Wednesday night said that investigators have found grounds to charge Yameen Abdul Gayoom and his...

Boyfriend of admitted covert Russian agent accused of fraud

Feb. 6, 2019 10:46 PM EST

PIERRE, S.D. (AP) — The boyfriend of a Russian woman who admitted she was a secret agent for the Kremlin has been charged with fraud in South Dakota, the U.S. Attorney's Office announced Wednesday. Businessman and conservative political operative Paul Erickson, 56, pleaded not guilty Wednesday to 11 counts...