Latest Money laundering News
Business owners should not forget anti-money laundering rule currently in legal limbo
Small business owners should not forget about a rule — currently in legal limbo — that would require them to register with an agency called the Financial Crimes Enforcement Network, or FinCEN, by Jan. 1. The registration is part of the Corporate Transparency Act, an anti-money...
Son-in-law of top foe of Venezuela’s president sentenced to 30 months on money laundering charge
MIAMI (AP) — The son-in-law of a prominent Venezuelan opposition leader was sentenced Tuesday to two and a half years in prison for his role in a vast conspiracy to siphon $1.2 billion from the state-owned oil company, some of which allegedly landed into accounts controlled by President Nicolás...
Notorious drug lord Osiel Cárdenas returned to Mexico after US sentence, is quickly re-arrested
MEXICO CITY (AP) — Notorious drug lord Osiel Cárdenas Guillén has been returned to Mexico after serving a U.S. sentence and was quickly re-arrested and sent to a maximum security prison to face Mexican charges. There had been nervousness about the impending return of Cárdenas...
Man sentenced for helping pregnant Chinese women travel to give birth in the US
LOS ANGELES (AP) — A California man was sentenced Monday to nearly 3 1/2 years in prison for running an extensive business that helped pregnant Chinese women travel to the United States to deliver babies who would automatically have American citizenship. U.S. authorities had sought...
Indonesia arrests a Chinese man wanted by Beijing over money laundering charges
JAKARTA, Indonesia (AP) — Indonesian authorities have arrested a Chinese man sought by Beijing for allegedly helping transfer and laundering almost $18 million from a criminal online gambling group in China, officials said Thursday. Yan Zhenxing was detained Monday by immigration...
UK dismantles massive money laundering operations tied to Russian oligarchs and cybercriminals
LONDON (AP) — British authorities have dismantled two massive money laundering operations linked to Russia that were used by oligarchs, organized crime groups, cybercriminals and drug dealers, the National Crime Agency said Wednesday. The international sting, known as Operation...
Belgian authorities open fraud probe into former EU justice chief days after his mandate ended
BRUSSELS (AP) — Belgian authorities said Wednesday they have opened a fraud investigation into the former European Union justice chief, just days after his mandate ended. An Schoonjans, a spokesperson for the Brussels prosecutor general’s office, told The Associated Press that an...
Namibia may elect its first-ever female president in elections this week
OSHAKATI, Namibia (AP) — Namibia's Vice President Netumbo Nandi-Ndaitwah could become the country’s first female president if she wins the presidential election Wednesday. At least 1.4 million people, or about half of the population, have registered to vote in the elections, with...
Steve Bannon's trial in a border wall charity scheme case delayed until February
NEW YORK (AP) — Steve Bannon 's border wall fundraising trial was postponed to February as prosecutors disclosed Monday that the former Trump White House strategist himself once suggested the nonprofit venture was “a scam.” Bannon — who recently finished serving federal...
Guatemalan court overturns order that freed journalist José Rubén Zamora, orders his return to jail
GUATEMALA CITY (AP) — A Guatemalan appeals court on Friday overturned the order freeing journalist José Rubén Zamora and ordered his return to jail. Zamora, founder of El Periódico newspaper, had spent more than two years in jail awaiting trial before a judge granted him house...
