Latest Money laundering News

Pakistan court grants bail to opposition leader

Apr. 22, 2021 07:02 AM EDT

LAHORE, Pakistan (AP) — A Pakistani court granted bail on Thursday to the country's opposition leader, about seven months after he was arrested by an anti-graft body over alleged involvement in money laundering. Shahbaz Sharif is the leader of the opposition in the...

ABN AMRO pays multimillion fine in money laundering probe

Apr. 19, 2021 04:00 AM EDT

THE HAGUE, Netherlands (AP) — ABN AMRO has agreed to pay 480 million euros ($574 million) as part of a settlement with prosecutors who accused the Dutch state-owned bank of “serious shortcomings” in tackling money laundering, prosecutors and the bank said Monday. ...

AG: Woman ran prostitution business out of her day spa

Apr. 13, 2021 14:32 PM EDT

BOSTON (AP) — A Massachusetts woman faces multiple charges for allegedly running a prostitution business out of the day spa she owns, state authorities said Tuesday. Geralda De Matos Garland, 57, of Revere, pleaded not guilty Monday in Chelsea District Court to...

Portugal ex-PM to stand trial for money laundering, forgery

Apr. 09, 2021 13:19 PM EDT

A Lisbon judge ruled Friday to put former Portuguese Prime Minister José Sócrates on trial for alleged money-laundering and forgery but said the statute of limitations had expired on more than a dozen corruption allegations. Judge Ivo Rosa said that 1.7 million euros...

Swiss banker to Venezuelan kleptocrats becomes star witness

Apr. 08, 2021 16:13 PM EDT

MIAMI (AP) — Matthias Krull pulls up his pant leg and slides a gardening shear on the ankle monitor that for two years has been a constant reminder of his crimes. With a court order in hand, and a child’s voice echoing from the next room, the former Swiss banker...

Correction: Backpage-Judge story

Apr. 07, 2021 22:14 PM EDT

PHOENIX (AP) — An appeals court has rejected a bid by the former operators of Backpage.com to recuse a judge in Arizona from presiding over their upcoming trial on prostitution facilitation charges because of statements made by the judge’s husband about human trafficking and the...

Backpage founders lose bid for new judge at upcoming trial

Apr. 07, 2021 15:42 PM EDT

PHOENIX (AP) — An appeals court has rejected a bid by the former operators of Backpage.com to recuse a judge in Arizona from presiding over their upcoming trial on prostitution facilitation charges because of statements made by the judge’s husband about human trafficking and the...

Malaysian ex-PM Najib appeals graft conviction in 1MDB saga

Apr. 05, 2021 10:01 AM EDT

PUTRAJAYA, Malaysia (AP) — A Malaysian court on Monday began hearing an appeal by ex-Prime Minister Najib Razak to overturn his conviction and 12-year jail sentence linked to the massive looting of the 1MDB state investment fund that brought down his government in 2018. ...

NY CFO pleads guilty to laundering scheme involving diamonds

Apr. 02, 2021 18:00 PM EDT

NEW HARTFORD, N.Y. (AP) — A New York company’s chief financial officer acknowledged stealing nearly $776,000 to invest it partly in African diamonds, according to federal prosecutors. Michael Bartusek pleaded guilty to wire fraud, money laundering and filing a false...

Feds: Businessman agrees to guilty plea in investment scheme

Apr. 01, 2021 15:04 PM EDT

INDIANAPOLIS (AP) — An Indianapolis businessman plans to plead guilty to federal charges alleging that he operated a fraudulent investment scheme involving more than 100 people who invested more than $11 million. Federal prosecutors said in court documents filed...