Latest Money laundering News

Global money laundering monitor says COVID fraud on the rise

Oct. 23, 2020 11:14 AM EDT

PARIS (AP) — The international organization that monitors protections against money laundering and terrorism financing said Friday that fraud related to coronavirus is on the rise. The Financial Action Task Force said fraud linked to counterfeit medical supplies, economic stimulus measures and online scams...

FILE - In this Oct.4, 2017 file photo, police officers escort Alexander Vinnik, center as they leave a courthouse at the northern Greek city of Thessaloniki. The Russian bitcoin fraud suspect Alexander Vinnik goes on trial on Monday in Paris for allegedly having used ransomware in a fraud involving 200 victims and estimated to a global amount of 135 million euros. Alexander Vinnik, who is also wanted in the United States and in Russia, is facing up to ten years in prison in a four-day trial in France over charges of extorsion, money laundering and criminal association. (AP Photo/Giannis Papanikos, File)

Trial of Russian in alleged bitcoin fraud to wrap in Paris

Oct. 23, 2020 10:14 AM EDT

PARIS (AP) — French prosecutors requested on Friday a 10-year jail term and a fine of 750,000 euros ($888,634) against Alexander Vinnik, who is accused of being behind a 135 million-euro ($160 million) fraud campaign that used ransomware and the cryptocurrency bitcoin. The 41-year-old Russian, who is also...

Acting Assistant Attorney General Brian Rabbitt, of the Justice Department's Criminal Division and other officials, speak, Thursday,  Oct. 22, 2020, at the Justice Department in Washington. A subsidiary of Goldman Sachs pleaded guilty on Thursday and agreed to pay more than $2 billion in a foreign corruption probe tied to the Malaysian 1MDB sovereign wealth fund, which was looted of billions of dollars in a corruption scandal.  The company, Goldman Sachs Malaysia, entered the plea in federal court in Brooklyn. (Yuri Gripas/The New York Times via AP, Pool)

Goldman Sachs subsidiary pleads to US charges in 1MDB probe

Oct. 22, 2020 5:49 PM EDT

WASHINGTON (AP) — A subsidiary of Goldman Sachs pleaded guilty on Thursday and agreed to pay more than $2.9 billion in a foreign corruption probe tied to the Malaysian 1MDB sovereign wealth fund, which was looted of billions of dollars in a corruption scandal. In addition, several current and former top...

President Donald Trump speaks with reporters as walks to board Marine One on the South Lawn of the White House, Wednesday, Oct. 21, 2020, in Washington. Trump is en route to North Carolina. (AP Photo/Alex Brandon)

Trump grants clemency to five backed by ally Alice Johnson

Oct. 21, 2020 7:50 PM EDT

WASHINGTON (AP) — President Donald Trump on Wednesday granted clemency to five people convicted of committing drug and financial crimes, all of them cases that were pushed by prison reform advocate and Trump ally Alice Johnson. White House press secretary Kayleigh McEnany said Wednesday in a statement...

FILE - In this Oct.4, 2017 file photo, police officers escort Alexander Vinnik, center as they leave a courthouse at the northern Greek city of Thessaloniki. The Russian bitcoin fraud suspect Alexander Vinnik goes on trial on Monday in Paris for allegedly having used ransomware in a fraud involving 200 victims and estimated to a global amount of 135 million euros. Alexander Vinnik, who is also wanted in the United States and in Russia, is facing up to ten years in prison in a four-day trial in France over charges of extorsion, money laundering and criminal association. (AP Photo/Giannis Papanikos, File)

Trial of Russian charged in bitcoin fraud begins in Paris

Oct. 19, 2020 8:03 AM EDT

PARIS (AP) — The trial of a Russian man alleged to have used ransomware in a 135 million euros ($157 million) bitcoin fraud will begin Monday. Alexander Vinnik, who is also wanted in the United States and in Russia, faces up to ten years in prison at his Paris trial over charges of extortion, money...

AP source: Ex-Mexico defense minister arrested in Los Angeles on warrant for drug trafficking, money laundering charges

Oct. 16, 2020 12:24 AM EDT
LOS ANGELES (AP) — AP source: Ex-Mexico defense minister arrested in Los Angeles on warrant for drug trafficking, money laundering charges.
FBI Pittsburgh Special Agent Michael Christman speaks in a video presented by Portuguese police chief inspector Paulo Goncalves, at left, during a news conference at the police headquarters in Lisbon, Thursday, Oct. 15, 2020. European and American officials say that they have arrested 20 individuals for allegedly belonging to an international ring that laundered millions of euros stolen by cybercriminals in an international police operation led by Portuguese investigators and the F.B.I. (AP Photo/Armando Franca)

Cybercrime money-launders busted by European police, FBI

Oct. 15, 2020 12:23 PM EDT

LISBON, Portugal (AP) — European and American officials said Thursday that they have arrested 20 people in several countries for allegedly belonging to an international ring that laundered millions of euros stolen by cybercriminals through malware schemes. The international police operation...

Mexico freezes 1,352 alleged criminal accounts in capital

Oct. 13, 2020 3:38 PM EDT

MEXICO CITY (AP) — Police and Mexico’s federal anti-money laundering agency said Tuesday they have frozen 1,352 bank accounts that allegedly moved about $125 million on behalf of 14 crime gangs, including some of Mexico’s biggest drug cartels. While Mexico City officials have long denied...

Malaysia court denies N Korean's move to stop US extradition

Oct. 8, 2020 3:10 AM EDT

KUALA LUMPUR, Malaysia (AP) — A North Korean man failed Thursday in a court bid in Malaysia to challenge his potential extradition to the United States to face money laundering charges, but he immediately appealed to the country's top court. Defense counsel Gooi Soon Seng said the High Court ruled that...

FILE- In this Aug. 5, 2019 file photo, Maldives' former Vice President Ahmed Adeeb, waves to journalists as he enters the police head quarters after being arrested in Male, Maldives. The former vice president of the Maldives has been sentenced to 20 years in prison after he pleaded guilty to money laundering and embezzlement under orders from the former president. (AP Photo, File)

Maldives ex-vice president jailed again for money laundering

Oct. 6, 2020 4:08 AM EDT

MALE, Maldives (AP) — The former vice president of the Maldives has been sentenced to 20 years in prison after he pleaded guilty to money laundering and embezzlement under orders from the former president. The Criminal Court on Monday night also fined Ahmed Adeeb $129,800. The prison sentence, which will...