Latest Money laundering News

Horse mounted police officers patrol Via della Conciliazione, the street leading to St. Peter's Basilica at the Vatican, on the occasion of the Feast of Rome's Patrons Saints Peter and Paul, in Rome Monday, June 29, 2020. (Mauro Scrobogna/LaPresse via AP)

Vatican watchdog sees record cooperation levels despite raid

Jul. 3, 2020 9:13 AM EDT

The Vatican’s financial watchdog agency has reported record levels of internal cooperation despite being thrown into turmoil in October when Vatican police raided its offices as part of an investigation into a 350 million-euro (nearly $400 million) London real estate deal. The Financial Information...

FILE - This Feb. 2, 2012 file photo shows former lobbyist Jack Abramoff speaking in Washington. U.S. officials say Abramoff, a once-powerful lobbyist who spent time in federal prison for fraud and corruption, has been charged in a San Francisco court in an investor fraud case involving cryptocurrency and lobbying disclosure. U.S. Attorney David Anderson said Thursday, June 25, 2020, Abramoff of Silver Spring, Maryland, has agreed to plead guilty to criminal conspiracy charges and could face up to five years in jail. (AP Photo/Charles Dharapak, File)

Lobbyist Abramoff charged in cryptocurrency fraud case

Jun. 25, 2020 9:32 PM EDT

SAN FRANCISCO (AP) — Jack Abramoff, a once-powerful lobbyist who spent time in federal prison for fraud and corruption, has been charged in a San Francisco court in an investor fraud case involving cryptocurrency and lobbying disclosure, federal authorities announced Thursday. U.S. Attorney David Anderson...

Sweden fines bank for not properly fighting money laundering

Jun. 25, 2020 12:16 PM EDT

STOCKHOLM (AP) — A big Scandinavian bank has been fined for not taking strong enough action to reduce the risk of money laundering. The fine comes after several banks in the region were caught handling dirty money flowing mainly through units in the Baltic states. Sweden’s financial supervisory...

Thai police say they have busted major money-laundering ring

Jun. 25, 2020 9:08 AM EDT

BANGKOK (AP) — Police in Thailand say they have broken up a money-laundering ring that transferred a total of 10 billion baht ($323 million), much of it linked to drug trafficking. A Chinese businessman arrested in Bangkok, Qaing Ma, is believed to be a key figure in the operation, police Maj. Gen....

San Francisco permit expediter charged in corruption probe

Jun. 24, 2020 7:37 PM EDT

SAN FRANCISCO (AP) — An influential San Francisco contractor and permit expediter is expected to plead guilty to conspiracy charges in a public corruption case centering around a former public works director, federal prosecutors announced Wednesday. Walter Wing Lok Wong, 70, is charged with conspiring to...

Atlanta reality TV star charged with misusing relief funds

Jun. 24, 2020 5:31 PM EDT

ATLANTA (AP) — A reality television star who appeared on the show “Love & Hip Hop: Atlanta” was indicted Wednesday for allegedly using coronavirus relief funds intended to help small businesses survive to pay for luxuries such as a Rolls-Royce and custom jewelry, federal officials said....

FILE - In this Dec. 13, 2017, file photo, Juan Angel Napout, of Paraguay, arrives to federal court in the Brooklyn borough of New York. The criminal convictions of former soccer officials Juan Ángel Napout and José Maria Marin have been upheld in a 3-0 decision by a U.S. federal appeals court. “Napout and Marin argue principally that their convictions rest upon impermissible extraterritorial applications of the honest services wire fraud statute,” the panel wrote in a decision announced Monday, June 22, 2020. (AP Photo/Seth Wenig, File)

Convictions of FIFA officials upheld by US appeals court

Jun. 22, 2020 4:07 PM EDT

NEW YORK (AP) — The criminal convictions of former soccer officials Juan Ángel Napout and José Maria Marin were upheld Monday in a 3-0 decision by the 2nd U.S. Circuit Court of Appeals. The pair were among the group arrested in 2015 at FIFA meetings in Zurich. U.S. prosecutors alleged bribes were...

FILE - In this Wednesday, Dec. 13, 2017 file photo, Russian cybercrime suspect Alexander Vinnik arrives at Greece's supreme court in Athens. New Zealand police said Monday, June 22, 2020, they have seized $90 million from Vinnik, a Russian bitcoin fraud suspect who is in French custody but is also wanted in the United States. New Zealand Police Commissioner Andrew Coster said it had worked closely with the U.S. Internal Revenue Service in the case. He said the money likely reflected illicit profits from thousands of victims. (AP Photo/Petros Giannakouris, File)

New Zealand seizes $90M from Russian bitcoin fraud suspect

Jun. 22, 2020 3:58 AM EDT

WELLINGTON, New Zealand (AP) — New Zealand police said Monday they have seized $90 million from Alexander Vinnik, a Russian bitcoin fraud suspect who is in French custody but is also wanted in the United States. New Zealand Police Commissioner Andrew Coster said it had worked closely with the U.S. Internal...

Kansas brothers plead guilty to oil, gas fraud

Jun. 20, 2020 3:21 PM EDT

KANSAS CITY, Mo. (AP) — Two Kansas City-area brothers have pleaded guilty in a scheme to defraud oil and gas investors out of millions of dollars. Phil Hudnall, 49, of Lenexa, Kansas, pleaded guilty Friday to one count of conspiracy to commit money laundering, The Kansas City Star reports. Brian Hudnall,...

Ex-governor from northern Mexico pleads guilty in US court

Jun. 18, 2020 1:26 PM EDT

MEXICO CITY (AP) — A former northern Mexico governor has pleaded guilty to money laundering in a United States federal court. Former Coahuila state Gov. Jorge Juan Torres López pleaded guilty in Corpus Christi, Texas, according to a statement from the U.S. Justice Department Wednesday. The...