Latest Money laundering News

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...

Indiana mayor indicted over alleged bribe for contract

Nov. 18, 2019 5:23 PM EST

MUNCIE, Ind. (AP) — A central Indiana mayor was arrested Monday after being indicted for allegedly taking a $5,000 bribe in exchange for a public contract. The theft of government funds charge unsealed Monday alleges Muncie Mayor Dennis Tyler accepted the bribe from an unidentified company in exchange for...

Feds charge at least 10 men in Nigerian online romance scam

Nov. 14, 2019 4:51 PM EST

TULSA, Okla. (AP) — At least 10 men in several states have been charged in a Nigerian romance money laundering scheme that swindled victims out of more than $1.5 million. U.S. Attorney Trent Shores said during a news conference in Tulsa on Wednesday that many of the victims were seniors, the Tulsa World...

Former grain trader gets 8 years in prison for $11M scam

Nov. 12, 2019 4:58 PM EST

FARGO, N.D. (AP) — A former North Dakota grain trader who admitted to bilking farmers, elevators and commodity brokers out of millions of dollars was sentenced Tuesday to eight years in federal prison. U.S. District Judge Daniel Hovland, who imposed the prison sentence, also ordered Hunter Hanson to pay...

Pakistan to remove ailing ex-PM from no-fly list

Nov. 12, 2019 9:09 AM EST

ISLAMABAD (AP) — Pakistan says its ailing ex-prime minister will be allowed to travel abroad for medical treatment. Nawaz Sharif was released on bail last month after his jail sentence was temporarily suspended on medical grounds. He had remained on a no-fly list. Sharif, 69, received a seven-year jail...