Money laundering

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...
Read More
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...
Read More
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...
Read More
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...
Read More
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...
Read More
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,...
Read More
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,...
Read More
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...
Read More
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...
Read More
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...
Read More

Pages