Latest Money laundering News

US sentence reduced for Hugo Chavez's former bodyguard

Oct. 20, 2021 12:38 PM EDT

MIAMI (AP) — Hugo Chávez's former bodyguard, who became one of the earliest and most-effective witnesses for U.S. investigations into corruption in Venezuela, is scheduled to be released from prison in the coming months. On Tuesday, a Miami federal judge reduced from...

Credit Suisse faces penalties over Mozambique loan deals

Oct. 20, 2021 11:04 AM EDT

ZURICH (AP) — Credit Suisse has announced settlements totaling nearly $700 million with British and U.S. authorities over lending to Mozambique state-owned companies that Swiss regulators say violated anti-money laundering rules. The Swiss financial markets authority...

Mother of Taiwan slay victim blasts Hong Kong authorities

Oct. 20, 2021 03:49 AM EDT

HONG KONG (AP) — The Hong Kong mother whose daughter was killed in Taiwan in 2018 on Wednesday lambasted authorities in the Chinese city for letting the man who confessed to the crime walk free, while Hong Kong blamed self-ruled Taiwan for “political manipulation” in the case. ...

Maduro ally appears in court to face corruption charges

Oct. 18, 2021 17:14 PM EDT

MIAMI (AP) — A businessman who prosecutors say was a major conduit for corruption by Nicolás Maduro's inner circle appeared for the first time in Miami federal court Monday after a weekend extradition that has further strained relations between the U.S. and Venezuela's socialist...

Venezuela halts talks after Maduro ally's extradition to US

Oct. 16, 2021 23:29 PM EDT

MIAMI (AP) — Venezuela’s government said Saturday it would halt negotiations with its opponents in retaliation for the extradition to the U.S. of a close ally of President Nicolás Maduro who prosecutors believe could be the most significant witness ever about corruption in the South...

Spanish court allows extradition to US of Venezuelan suspect

Oct. 15, 2021 10:57 AM EDT

MADRID (AP) — Spain’s National Court consented Friday to the extradition to the United States of ex-Venezuelan leader Hugo Chávez’s former nurse, who is charged in Miami with money laundering. The court’s magistrates “consider that all requirements are met”...

EU agencies crack down on pandemic recovery fund fraud

Oct. 15, 2021 07:55 AM EDT

THE HAGUE, Netherlands (AP) — European Union agencies are launching a year-long operation to crack down on fraud targeting the bloc's multibillion-euro COVID-19 pandemic recovery fund, EU police agency Europol announced Friday. Operation Sentinel will coordinate the...

Man admits role in nearly $7M paycheck protection scheme

Oct. 14, 2021 09:04 AM EDT

NEWARK, N.J. (AP) — A man admitted in federal court in New Jersey that he participated in a scheme to fraudulently try to obtain nearly $7 million in Paycheck Protection Program loans. Gregory Blotnick, 34, pleaded guilty Wednesday to wire fraud and money laundering. ...

Former Georgia insurance commissioner sentenced to 7 years

Oct. 12, 2021 14:37 PM EDT

ATLANTA (AP) — Georgia's former insurance commissioner will spend more than seven years in prison, as he finally accepted responsibility Tuesday for a $2.5 million fraud even as a federal judge lambasted him for lying from the stand during his July trial. U.S. District...

UK bank NatWest faces fine over money laundering failures

Oct. 07, 2021 08:22 AM EDT

LONDON (AP) — British bank NatWest faces a potentially hefty fine after admitting Thursday to three charges relating to anti-money laundering failures. The case, which was heard at Westminster Magistrates’ Court, related to 365 million pounds ($495 million) deposited...