Money laundering

WWL AP Feed General
December 05, 2018 - 5:11 am
BERLIN (AP) — The Latest on raids on the Italian mob across Europe (all times local): 12:10 p.m. Police say they have arrested about 90 suspected mafia members in a series of coordinated raids in four European countries. The arrests in Italy, Germany, the Netherlands and Belgium came as part of an...
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WWL AP Feed General
November 30, 2018 - 5:56 pm
WASHINGTON (AP) — A former Justice Department official admitted his role Friday in a multimillion-dollar effort to try to get the United States to drop its investigation into a money laundering and bribery scheme that pilfered billions from a Malaysian investment fund. George Higginbotham's guilty...
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A police officer walks in the backyard of Deutsche Bank headquarters during a raid in Frankfurt, Germany, Thursday, Nov. 29, 2018. (AP Photo/Michael Probst)
November 29, 2018 - 9:23 am
BERLIN (AP) — Some 170 police officers, investigators and prosecutors raided the German offices of Deutsche Bank on Thursday on the suspicion bank employees helped clients set up offshore companies in tax havens to launder hundreds of millions of euros. The investigation emerged from an analysis of...
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WWL AP Feed General
November 22, 2018 - 11:01 am
AMSTERDAM (AP) — Dutch police who found 350,000 euros ($400,000) hidden inside a washing machine have detained a man on suspicion of — what else? — money laundering. Police said in a statement Thursday that officers were checking a house in western Amsterdam on Monday for unregistered residents...
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WWL AP Feed General
November 16, 2018 - 9:08 am
TYLER, Texas (AP) — An East Texas woman must serve nearly seven years in prison after pleading guilty to embezzling $1.8 million from some California companies and using the money to build a house. Federal prosecutors in Tyler say 49-year-old Lina Su, also known as Lina Perkins, was sentenced...
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FILE - In this April 23, 2015 file photo, Jho Low, Director of the Jynwel Foundation, poses at the launch of the Global Daily website in Washington, D.C. The Justice Department on Thursday, Nov. 1, 2018, charged the fugitive Malaysian financier in a money laundering and bribery scheme that pilfered billions of dollars from a Malaysian investment fund created to promote economic development projects in that country. The three-count indictment charges Low Taek Jho, who is also known as Jho Low, with misappropriating money from the state-owned fund and using it for bribes and kickbacks to foreign officials, to pay for luxury real estate, art and jewelry in the United States and to fund Hollywood movies, including "The Wolf of Wall Street." (Photo by Stuart Ramson/Invision for the United Nations Foundation/AP Images)
November 02, 2018 - 7:24 am
The young Malaysian tycoon wanted by the U.S. for his alleged role in ransacking a state investment fund says he's innocent, and he's been fighting back against the allegations while in hiding. For 36-year-old Taek Jho Low, or Jho Low, it's a far cry from earlier days of partying with jet-set...
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FILE - In this April 23, 2015 file photo, Jho Low, Director of the Jynwel Foundation, poses at the launch of the Global Daily website in Washington, D.C. The Justice Department on Thursday, Nov. 1, 2018, charged the fugitive Malaysian financier in a money laundering and bribery scheme that pilfered billions of dollars from a Malaysian investment fund created to promote economic development projects in that country. The three-count indictment charges Low Taek Jho, who is also known as Jho Low, with misappropriating money from the state-owned fund and using it for bribes and kickbacks to foreign officials, to pay for luxury real estate, art and jewelry in the United States and to fund Hollywood movies, including "The Wolf of Wall Street." (Photo by Stuart Ramson/Invision for the United Nations Foundation/AP Images)
November 01, 2018 - 2:52 pm
WASHINGTON (AP) — The Justice Department announced charges Thursday against a fugitive Malaysian financier and two former Goldman Sachs bankers accused in a money laundering and bribery scheme that pilfered billions of dollars from a Malaysian investment fund created to spur economic development...
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This wanted poster released by FBI shows Singaporean Tan Wee Beng, the director of both trading house Wee Tiong (S) Pte. Ltd. and ship management services company WT Marine Pte. Ltd. The Singaporean businessman facing criminal charges in the United States for allegedly violating sanctions against North Korea said he was taking the concerns “seriously.” In a note to stakeholders of his trading company Wee Tiong, seen by The Associated Press, Tan Wee Beng said he was still fully committed to his business. Tan was also blacklisted by the U.S. Treasury Department for allegedly doing business with the North and engaging in money laundering. Tan said he will work with lawyers and contact authorities for more information on the charges. (FBI via AP)
October 31, 2018 - 3:25 am
SINGAPORE (AP) — A Singaporean businessman facing criminal charges in the United States for allegedly violating sanctions against North Korea said he was taking the concerns "very seriously." In a note to stakeholders of his commodities trading company Wee Tiong, seen by The Associated Press, Tan...
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WWL AP Feed General
October 25, 2018 - 8:18 pm
WASHINGTON (AP) — The United States imposed sanctions Thursday on the Singapore-based director of a commodities company accused of laundering money for North Korea through the U.S. financial system. The Department of Justice also unsealed criminal charges against the person, Tan Wee Beng, accusing...
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WWL AP Feed General
October 17, 2018 - 11:25 pm
LIMA, Peru (AP) — An appeals judge has freed Peru's opposition leader Keiko Fujimori a week after she was arrested as part of an ongoing money laundering probe. The daughter of former strongman Alberto Fujimori cried as the judge read aloud his ruling Wednesday night. Several critics heckled...
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