Latest Money laundering News
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...
Insurance magnate pleads guilty as government describes $2B scheme
CHARLOTTE, N.C. (AP) — An insurance magnate who was once a big political donor in North Carolina is in federal custody after pleading guilty in connection to what prosecutors call a $2 billion scheme to defraud insurance regulators, policyholders and others through a myriad of companies from...
Cyprus is committed to expanding defense ties with the US, says its president
NICOSIA, Cyprus (AP) — The president of Cyprus said Sunday his administration is committed to expanding defense and security cooperation with the U.S., as his meeting with American President Joe Biden last week charted a course for the “next ambitious steps” in bilateral relations that are...
Malaysian court orders Najib to enter defense in his 2nd graft trial linked to 1MDB scandal
KUALA LUMPUR, Malaysia (AP) — Malaysia's High Court on Wednesday ordered imprisoned former Prime Minister Najib Razak to enter a defense in his second corruption trial over the multibillion-dollar looting of the 1MDB state investment fund. Najib set up the 1Malaysia Development...
Nigeria releases American crypto executive after dropping money laundering case
WASHINGTON (AP) — An American cryptocurrency executive held in Nigeria for the past eight months has been released after authorities there announced they were ending his money laundering trial on health and diplomatic grounds. Tigran Gambaryan, Binance’s head of financial crime...
A Venezuelan media tycoon is charged in a bribery conspiracy in Florida
MIAMI (AP) — A Venezuelan media tycoon was charged Wednesday in federal court in Florida for what authorities say was his money laundering role in a conspiracy to siphon more than $1 billion from the oil company owned by the South American country’s government. A federal grand...
A court says former Albanian president Meta must stay in custody during corruption investigation
TIRANA, Albania (AP) — An Albanian court on Wednesday ruled that former President Ilir Meta should stay in custody while the left-wing Freedom Party leader faces allegations of corruption, money laundering and the hiding of personal income and property. Prosecutors have not yet...
JPMorgan sets aside more money for potential bad loans but says consumers are on 'solid footing'
NEW YORK (AP) — JPMorgan's net income fell 2% in the third quarter as the bank had to set aside more money to cover bad loans, but the results topped Wall Street estimates and shares rose in morning trading. Net income fell to $12.9 billion from $13.2 billion in the year-ago...
TD Bank to pay $3 billion in historic money-laundering settlement with the Justice Department
WASHINGTON (AP) — TD Bank will pay approximately $3 billion in a historic settlement with U.S. authorities who said Thursday that the financial institution's lax practices allowed significant money laundering over multiple years. Canada-based TD Bank pleaded guilty to conspiracy to...
