Latest Money laundering News

Spain court seeks to try Assad’s uncle for money laundering

Nov. 22, 2019 7:33 AM EST

MADRID (AP) — A Spanish judge is recommending that Syrian ex-Vice President Rifaat Assad, the exiled uncle of Bashar Assad, and 13 others be put on trial i on charges of criminal organization and money laundering. Judge José de la Mata alleges that Rifaat Assad and the others, including eight sons,...

Ex-South African leader files leave to appeal in graft case

Nov. 22, 2019 6:53 AM EST

JOHANNESBURG (AP) — Former South African president Jacob Zuma has filed notice to appeal a court ruling that cleared the way for him to be prosecuted for corruption. Zuma’s lawyers are arguing in Pietermaritzburg High Court on Friday to be granted leave to appeal. The court had dismissed his...

Korean man sentenced in California for $60M scam

Nov. 21, 2019 10:34 PM EST

OAKLAND, Calif. (AP) — A Korean man who took part in a $60 million foreign-exchange trading scam based in California has been sentenced to 10 years in federal prison. The U.S. attorney’s office Thursday announced that Jin K. Chung of Seoul was sentenced in Oakland after pleading guilty to money...

Waterbury school board member faces multiple charges

Nov. 21, 2019 3:49 PM EST

WATERBURY, Conn. (AP) — A member of a Connecticut school board and her husband are facing charges after authorities intercepted more than 5 pounds of cocaine. The Republican-American reports that Waterbury Board of Education member Melissa Adorno faces money laundering, forgery and other charges....

Australian bank Westpac faces massive fine for breaches

Nov. 20, 2019 5:33 AM EST

PERTH, Australia (AP) — Major Australian bank Westpac is facing a potentially massive fine after being accused of 23 million breaches of the anti-money laundering and counterterrorism financing act. The financial crime regulator AUSTRAC said Wednesday it was pursuing Westpac, one of Australia’s four...

Brazilian police seek arrest of Paraguay ex-President Cartes

Nov. 19, 2019 4:30 PM EST

RIO DE JANEIRO (AP) — Brazilian police are seeking the arrest of former President Horacio Cartes of Paraguay as part of an investigation into money laundering. On Tuesday, Brazilian authorities alleged Cartes provided $500,000 to a criminal organization at the request of Dario Messer, a Brazilian associate...

Malta offers pardon for possible info in reporter’s slaying

Nov. 19, 2019 7:36 AM EST

VALLETTA, Malta (AP) — A man arrested in a money-laundering case in Malta claims to have information identifying the mastermind behind the car-bomb assassination of a leading investigative journalist, Maltese officials said Tuesday. Maltese Prime Minister Joseph Muscat said he has offered an official...

German authorities conduct money laundering raids

Nov. 19, 2019 6:09 AM EST

BERLIN (AP) — German authorities have conducted raids in five states in connection with money laundering and illegal transfers abroad. German news agency dpa reports that some 850 officers, including tax fraud investigators, raided 63 buildings across the country and in the Netherlands. Some 27 suspects...

South Dakota man linked to Butina pleads in fraud case

Nov. 18, 2019 8:11 PM EST

SIOUX FALLS, S.D. (AP) — A South Dakota man who was linked to an admitted Russian covert agent agreed to plead guilty in a fraud scheme that authorities said bilked at least $2.3 million from 78 people, according to a court filing Monday. Businessman and conservative political operative Paul Erickson...

Professor who wrote corruption book charged with laundering

Nov. 18, 2019 7:14 PM EST

NEW YORK (AP) — A Florida professor of international studies who co-wrote a book about organized crime was arrested Monday on federal charges that he laundered corruption proceeds from Venezuela. Bruce Bagley, 73, of Coral Gables, Florida, was freed on $300,000 bail after an appearance in Miami federal...