Money laundering

Malaysia's former Prime Minister Najib Razak, center, walks in Kuala Lumpur High Court in Kuala Lumpur, Malaysia, Thursday, Sept. 20, 2018. Detained former Prime Minister Najib will face at least two dozen fresh charges of abuse of power and money laundering over the multimillion-dollar looting of a state investment fund, police and the anti-graft agency said Thursday. (AP Photo/Yam G-Jun)
September 20, 2018 - 3:51 am
KUALA LUMPUR, Malaysia (AP) — Malaysian former Prime Minister Najib Razak pleaded not guilty Thursday to 25 fresh charges of abuse of power and money laundering over the multimillion-dollar looting of a state investment fund. Najib was detained by the anti-graft agency Wednesday over the transfer...
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In this May 22, 2018, file photo, former Malaysian Prime Minister Najib Razak, center, arrives at Anti-Corruption Agency for questioning in Putrajaya, Malaysia. Malaysia's anti-graft agency says it has arrested former Najib over the multimillion-dollar looting of a state investment fund and that he will face further charges in court. The agency says Najib was detained at its office on Wednesday, Sept. 14, and will be taken to court on Thursday to face the charges. (AP Photo/Vincent Thian)
September 19, 2018 - 5:17 am
KUALA LUMPUR, Malaysia (AP) — Malaysia's anti-graft agency said former Prime Minister Najib Razak was arrested on Wednesday and will face further charges of abuse of power over the multimillion-dollar looting of a state investment fund. The agency said in a statement that Najib was detained at its...
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September 19, 2018 - 1:57 am
COPENHAGEN, Denmark (AP) — Denmark's largest bank says its chief executive is resigning, hours before it presents the conclusions of an internal report into alleged major money laundering via its Estonian branch. Thomas Borgen said in a statement Wednesday that "Danske Bank has not lived up to its...
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September 13, 2018 - 6:16 am
KUALA LUMPUR, Malaysia (AP) — A top lawyer for former Malaysian Prime Minister Najib Razak was charged Thursday with receiving 9.5 million ringgit ($2.3 million) in ill-gotten wealth from his client, who is himself accused of money laundering and corruption. Muhammad Shafee Abdullah was arrested...
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September 04, 2018 - 5:18 am
THE HAGUE, Netherlands (AP) — Dutch bank ING has paid 775 million euros ($897 million) to settle a huge money laundering case in the Netherlands, prosecutors said Tuesday. The country's financial prosecution service said in a statement that ING for years failed to adequately implement a law aimed...
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This undated photo released by the Weber County Sheriff's Office shows Jacob Kingston. Prosecutors say two executives of a Salt Lake City biodiesel company linked to a polygamous group could flee to Turkey if they are released ahead of trial on charges in a $500 million tax credit scheme. Washakie Renewable Energy CEO Jacob Kingston and CFO Isaiah Kingston have pleaded not guilty to charges alleging they created false production records to obtain renewable-fuel tax credits and then laundered the proceeds. The U.S. Attorney's Office for Utah also says in court documents unsealed ahead of a Wednesday, Aug. 29, 2018, court hearing that the men were tipped off before a 2016 raid by federal agents. (Weber County Sheriff's Office via AP)
August 29, 2018 - 4:35 pm
SALT LAKE CITY (AP) — Two Salt Lake City biodiesel executives linked to a polygamous group will stay in jail after prosecutors argued they could flee to Turkey if released ahead of trial in an alleged $511 million tax credit scheme. The men have access private jets, millions of dollars stashed...
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In this Aug. 10, 2018, photo, actor Jiratpisit Jaravijit, center, is escorted by Thai police officers to leave the Crimes Suppression Division in Bangkok, Thailand. Thai authorities are expected to step up their investigation of a financial scam involving the alleged theft of about $25 million worth of bitcoins from a Finnish investor who police say was bilked with promises of high returns from investments in a casino in Macau and in another cryptocurrency. The case, which surfaced with the arrest in a shopping mall parking lot of a young soap opera actor suspected of colluding with his sister and brother, has prompted Thailand’s central bank to warn investors against risks of bitcoin-related scams, underscoring the challenge for regulators trying to keep up with the fast-growing cryptocurrency markets. (AP Photo/Khanathit Srihirundaj)
August 27, 2018 - 7:31 am
BANGKOK (AP) — Thai authorities this week are expected to step up their investigation of a financial scam involving the alleged theft of about $25 million worth of bitcoins from a Finnish investor who police say was bilked with promises of high returns from investments in a casino in Macau and in...
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Former Malaysian Prime Minister Najib Razak, right, arrives at High Court of Malaya in Kuala Lumpur, Malaysia, Wednesday, Aug. 8, 2018. Najib will face a new charge of money laundering over a multibillion-dollar graft scandal at a state investment fund, the anti-corruption agency said. Najib in July pleaded not guilty to abuse of power and three counts of criminal breach of trust, just two months after the scandal led to his stunning election defeat. (AP Photo/Yam G-Jun)
August 07, 2018 - 8:55 pm
KUALA LUMPUR, Malaysia (AP) — Former Malaysian Prime Minister Najib Razak has been charged with three counts of money laundering related to the alleged multibillion-dollar looting of a state investment fund, adding to his troubles just three months after his stunning electoral defeat. Najib stood...
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People hold up masks depicting the Brazilian former president Luiz Inacio da Silva during the Lula Free festival in Rio de Janeiro, Brazil, Saturday, July 28, 2018. Popular Brazilian musicians and social movements organized a concert to call for the release of da Silva, who has been in prison since April, but continues to lead the preferences on the polls ahead of October's election. (AP Photo/Leo Correa)
July 28, 2018 - 5:46 pm
RIO DE JANEIRO (AP) — Some of Brazil's most popular artists are calling for jailed former president Luiz Inacio Lula da Silva to be freed in a concert being held in Rio de Janeiro. The leftist leader was convicted of corruption and money laundering, but his supporters say the sentence was...
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July 27, 2018 - 2:58 pm
PHOENIX (AP) — A new indictment in Arizona against operators of Backpage.com alleges the classified ad site gave free ads to prostitutes and cultivated arrangements with others who worked in the sex trade to get them to post ads with the company. The indictment filed Wednesday repeats allegations...
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