Money laundering

FILE - In this Dec. 11, 2017, file photo, former Trump campaign chairman Paul Manafort arrives at federal court in Washington. Recently unsealed criminal charges against President Donald Trump’s ex-campaign chairman could also pose legal risks for the banks that lent him millions of dollars. For years Paul Manafort has borrowed heavily against multiple properties in New York. The banks’ exposure could be worst of all for a bank dubbed “Lender B” in court papers. (AP Photo/Susan Walsh, File)
February 22, 2018 - 7:39 pm
WASHINGTON (AP) — Dramatically escalating the pressure and stakes, special counsel Robert Mueller filed additional criminal charges Thursday against President Donald Trump's former campaign chairman and his business associate. The filing adds allegations of tax evasion and bank fraud and...
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FILE - In this Wednesday, Jan. 1, 2014 file photo, Gov. of Bank of Latvia Ilmars Rimsevics holds a euro note in Riga, Lavia. The Latvian official on the European Central Bank’s top policymaking council, Ilmars Rimsevics, will miss a scheduled meeting Wednesday Feb. 21, 2018, amid an investigation into reported corruption. (AP Photo/Roman Koksarov, File)
February 22, 2018 - 10:49 am
A corruption scandal rocking euro member state Latvia underscores the limits of Europe's banking supervision and is likely to lead to reforms, experts said Thursday. Latvia, which is one of the 19 countries using the euro, has launched an investigation into corruption against its top banking chief...
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Deputy Attorney General Rod Rosenstein, announces that the office of special counsel Robert Mueller says a grand jury has charged 13 Russian nationals and several Russian entities, Friday, Feb. 16, 2018, in Washington. The defendants are accused of violating U.S. criminal laws to interfere with American elections and the political process. (AP Photo/Jacquelyn Martin)
February 20, 2018 - 2:25 pm
WASHINGTON (AP) — The Latest on the Russia probe (all times local): 3:25 p.m. An attorney for a prominent law firm is pleading guilty to lying to federal authorities about his interactions with a former Trump campaign associate. Alex van der Zwaan is entering the plea in federal court in Washington...
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February 14, 2018 - 9:58 am
WASHINGTON (AP) — The judge overseeing the criminal case against two of the men charged in special counsel Robert Mueller's investigation has chided lawyers for the number of sealed filings. Paul Manafort, the former campaign chairman for President Donald Trump, and his business associate Rick...
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February 03, 2018 - 8:11 am
LONDON (AP) — The British government has introduced new powers to seize suspicious assets that it says will help curb London's status as a haven for ill-gotten gains. A measure called unexplained wealth orders, which came into effect this week, allows authorities to seize assets over 50,000 pounds...
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February 01, 2018 - 9:07 am
GENEVA (AP) — Switzerland's market regulator said Thursday it has banned the Swiss affiliate of Russia's Gazprombank from taking new private clients over money laundering concerns over a 10-year period that emerged from the Panama Papers leak. The move marks the first and only time that Swiss...
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January 11, 2018 - 8:35 am
WASHINGTON (AP) — The Justice Department is forming a team of prosecutors to investigate drug trafficking and money laundering linked to the Iranian-backed Hezbollah militant movement, Attorney General Jeff Sessions said Thursday. The move follows reports that Obama administration officials...
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January 09, 2018 - 6:07 am
ROME (AP) — Police in Italy and Germany seized 50 million euros ($60 million) in mafia assets and arrested more than 160 people, accusing them of running a huge mob-controlled commercial and political empire involving everything from bread and wine sales to funeral services, migrant housing and...
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December 23, 2017 - 8:42 am
(AP) -- A man convicted of laundering money for New Orleans heroin dealers has been sentenced to 10 years in prison and a $100,000 fine, and must forfeit $700,000. Acting U.S. Attorney Duane Evans said in a news release, that 51-year-old Cornell Pendleton made $1.5 million in cash bank deposits...
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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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