Latest Money laundering News

US: 2 Estonians arrested in $575M cryptocurrency fraud

Nov. 22, 2022 10:39 AM EST

SEATTLE (AP) — Police in Estonia have arrested two men accused in a $575 million cryptocurrency fraud, U.S. authorities said Monday. An indictment unsealed in U.S. District Court in Seattle charged Estonian citizens Sergei Potapenko and Ivan Turogin, both age 37, with wire fraud...

Corruption case announced against jailed Mexican ex-official

Nov. 15, 2022 19:22 PM EST

MEXICO CITY (AP) — Mexico’s anti-money-laundering agency said Tuesday it has found evidence of corruption on the part of the country’s former attorney general. Former Attorney General Jesus Murillo Karam has been jailed since August on charges he committed abuses during the...

Documents show big foreign gov't spending at Trump hotel

Nov. 15, 2022 14:20 PM EST

NEW YORK (AP) — The Trump hotel in Washington took in more than $750,000 from six foreign governments at sensitive moments in their U.S. relations, with guests spending as much as $10,000 per room a night, according to documents from the Trump family company's former accountants released Monday...

DEA’s most corrupt agent: Parties, sex amid 'unwinnable war'

Nov. 14, 2022 16:01 PM EST

SAN JUAN, Puerto Rico (AP) — José Irizarry accepts that he’s known as the most corrupt agent in U.S. Drug Enforcement Administration history, admitting he “became another man” in conspiring with Colombian cartels to build a lavish lifestyle of expensive sports cars, Tiffany jewels and...

Venezuela's bid to save 'diplomat' from US charges takes hit

Nov. 08, 2022 16:16 PM EST

MIAMI (AP) — For two years, Venezuela's socialist government has fought to extricate from the U.S. criminal justice system an insider businessman it claims was on an ultra-secret mission to ally Iran when he was arrested on a U.S. warrant during a routine fuel stop in Africa. But...

Germany: Banks searched in money laundering probe of Russian

Nov. 08, 2022 07:11 AM EST

BERLIN (AP) — Police raided two branches of Swiss bank UBS in Germany in connection with alleged money laundering by a Russian businessman, German officials and media said Tuesday. Frankfurt prosecutor Georg Ungefuk did not identify the suspect by name, but said the raids were...

'Hushpuppi' gets prison term for money laundering conspiracy

Nov. 07, 2022 19:40 PM EST

LOS ANGELES (AP) — A Nigerian social media influencer who called himself Ray Hushpuppi and flaunted a lavish lifestyle fueled by his efforts to launder millions of stolen dollars was sentenced Monday in Los Angeles to more than 11 years in federal prison. Ramon Abbas, 40, also was...

Danske Bank books $1.9 bln provision to settle Estonia case

Oct. 27, 2022 08:56 AM EDT

HELSINKI (AP) — Danish lender Danske Bank said on Thursday that it would book a 14 billion Danish kroner ($1.9 billion) provision in the third quarter for impending fines related to the bank’s involvement in a massive money laundering scandal in the Baltic nation of Estonia. ...

Feds: Theft of frozen beef in Nebraska uncovers crime ring

Oct. 26, 2022 18:12 PM EDT

LINCOLN, Neb. (AP) — An investigation into the theft this summer of several semitrailers loaded with frozen beef from Nebraska has led to arrests and uncovered a multimillion-dollar theft ring targeting meatpacking plants in six Midwestern states, federal authorities said. The U.S....

Myanmar downplays blacklisting by money laundering watchdog

Oct. 24, 2022 05:19 AM EDT

BANGKOK (AP) — Myanmar’s central bank has promised improvements and warned against currency manipulation after an international watchdog put the military-controlled country on a terrorism and financial crimes blacklist. The Financial Action Task Force recommended that Myanmar be...