Money laundering

December 21, 2017 - 7:11 am
GENEVA (AP) — Switzerland's financial markets regulator says the Swiss division of U.S. bank J.P. Morgan "seriously breached" anti-money laundering rules relating to Malaysian sovereign wealth fund 1MDB. The agency, FINMA, says the Wall Street bank "failed to adequately identify" increased money...
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FILE - In this June 7, 2010, file photo former Agriprocessors executive Sholom Rubashkin appears at the Black Hawk County Courthouse in Waterloo, Iowa. President Donald Trump on Dec. 20, 2017, commuted the prison sentence of Rubashkin, a Iowa kosher meatpacking executive sentenced to 27 years in prison for money laundering — the first time he's used the presidential power. The decision to intervene on behalf of Rubashkin, who ran the Iowa headquarters of a family business that was the country's largest kosher meat-processing company, came at the urging of multiple members of Congress and other high-ranking officials who argued Rubashkin's sentence was too harsh, the White House said. (Matthew Putney/The Courier via AP)
December 20, 2017 - 8:27 pm
WASHINGTON (AP) — President Donald Trump on Wednesday commuted the sentence of an Iowa kosher meatpacking executive who had been sentenced to 27 years in prison for money laundering, marking the first time he's used the presidential power. The decision to intervene on behalf of Sholom Rubashkin,...
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FILE - In this Wednesday, Nov. 19, 2014 file picture, Romania's former King Michael waves to supporters during an appearance at the Elisabeta Palace in Bucharest, Romania. Thousands of Romanians on Thursday Dec. 14, 2017 paid their respects to the late King Michael I whose coffin is lying in state at the Royal Palace before his funeral this weekend. Michael, who ruled Romania twice and was forced to abdicate by the communists in 1947, died Dec. 5 in Switzerland at age 96. (AP Photo/Octav Ganea, File)
December 16, 2017 - 1:58 am
BUCHAREST, Romania (AP) — King Michael, who ruled Romania twice before being forced to abdicate by the communists in 1947, died at age 96 in Switzerland this month. The late monarch's remains were flown by military plane to Romania this week and received with great fanfare. Romanian politicians,...
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FILe - In this Oct. 22, 2015, file photo, Brazilian Football Confederation President Marco Polo del Nero listens to questions during a press conference in Rio de Janeiro, Brazil. FIFA has suspended Brazilian soccer federation president Marco Polo del Nero for 90 days while he is under an ethics investigation. Del Nero has remained in power in Brazil despite being charged by American authorities with racketeering and money laundering in 2015. FIFA says Del Nero has been provisionally banned from all soccer activities as formal ethics investigation proceedings are conducted. (AP Photo/Felipe Dana, File)
December 15, 2017 - 9:59 pm
RIO DE JANEIRO (AP) — Marco Polo del Nero was suspended as president of Brazil's soccer confederation on Friday, two years after he was indicted in the United States on charges of racketeering conspiracy, wire fraud conspiracy and money laundering conspiracy. FIFA said Del Nero was under an ethics...
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December 14, 2017 - 7:09 pm
CENTRAL ISLIP, N.Y. (AP) — A Long Island woman is accused of laundering bitcoin and other cryptocurrencies and wiring the money overseas to help the Islamic State group, according to federal prosecutors. Zoobia Shahnaz, a 27-year-old Pakistani-born resident of Brentwood, was being held without bail...
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A 21 meters (69 feet) high Christmas tree coming from Poland is backdropped by the dome of St. Peter's Basilica, at the Vatican, Thursday, Dec. 7, 2017. (Fabio Frustaci/ANSA via AP)
December 08, 2017 - 2:38 am
VATICAN CITY (AP) — European evaluators have praised the Vatican's financial watchdogs for efficiently flagging suspicious transactions but have once again faulted Vatican prosecutors for failing to bring any money laundering cases to trial. The Council of Europe's Moneyval evaluators issued a...
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F1 Force India team boss Vijay Mallya is surrounded by members of the media as he stands outside to smoke during the lunch break on the first day of his extradition case at Westminster Magistrates Court in London, Monday, Dec. 4, 2017. Mallya, the United Breweries Group chairman and co-owner of the Force India F1 team is wanted in India to face fraud allegations. He was arrested in April by the Metropolitan Police's extradition unit on behalf of authorities in India. (AP Photo/Matt Dunham)
December 04, 2017 - 12:00 pm
LONDON (AP) — Indian tycoon Vijay Mallya insisted he was innocent of money-laundering accusations Monday after the evacuation of a London court building forced him to face a swarm of journalists he had sought to avoid. The start of Mallya's extradition hearing was delayed by 70 minutes because of...
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December 04, 2017 - 1:18 am
As the trial detailing widespread corruption in world soccer enters a fourth week, prosecutors are close to concluding their case in a Brooklyn federal courthouse. One sleepy juror was dismissed last week, one defendant was admonished by the judge, and the FIFA president thanked American...
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FILE - In this Nov. 30, 2016 file photo, Venezuela's Minister of Petroleum and Mining Eulogio Del Pino speaks to journalists prior to the start of a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria. Venezuelan authorities said Thursday, Nov. 30, 2017, that they've arrested Del Pino in a widening corruption probe into the state-run oil industry. (AP Photo/Ronald Zak, File)
November 30, 2017 - 11:18 am
CARACAS, Venezuela (AP) — Venezuelan authorities on Thursday arrested two former top officials in a widening corruption probe into the state-run oil industry that some see as an attempt by President Nicolas Maduro to consolidate power within his socialist party ahead of next year's presidential...
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In this courtroom sketch, Assistant U.S. Attorney David Denton points at defendant Mehmet Hakan Atilla, right, during opening arguments of a trial, Tuesday, Nov. 28, 2017, in New York federal court. Denton said Atilla, deputy CEO of Halkbank, was the architect of a "massively successful" scheme to dupe U.S. banks into letting Iran move money around the world. Judge Richard Berman is seated at the bench, background left. (Elizabeth Williams via AP)
November 29, 2017 - 10:43 am
NEW YORK (AP) — A wealthy Turkish-Iranian gold trader told a New York jury Wednesday that he began cooperating with U.S. authorities in an Iranian sanctions-evasion case after lawyers failed in efforts to free him with a prisoner exchange. Reza Zarrab, soft-spoken and wearing tan scrubs, testified...
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