Money Laundering

FILE - In this Sept. 16, 2016 file photo, Defense Secretary Gen. Salvador Cienfuegos, left, and Mexico's President Enrique Pena Nieto, salute during the annual Independence Day military parade in Mexico City's main square. U.S. prosecutors on Wednesday, Nov. 18, 2020, formally dropped a drug trafficking and money laundering case against Gen. Cienfuegos, a decision that came after Mexico threatened to cut off cooperation with U.S. authorities unless the general was sent home. (AP Photo/Rebecca Blackwell, File)
November 18, 2020 - 8:44 pm
NEW YORK (AP) — The United States on Wednesday dropped a high-profile drug trafficking and money laundering case against a former Mexican defense secretary, an extraordinary reversal that followed an intense pressure campaign from Mexico. The full scope of Mexico’s pressure was not clear and...
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October 23, 2020 - 10:14 am
PARIS (AP) — The international organization that monitors protections against money laundering and terrorism financing said Friday that fraud related to coronavirus is on the rise. The Financial Action Task Force said fraud linked to counterfeit medical supplies, economic stimulus measures and...
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Acting Assistant Attorney General Brian Rabbitt, of the Justice Department's Criminal Division and other officials, speak, Thursday, Oct. 22, 2020, at the Justice Department in Washington. A subsidiary of Goldman Sachs pleaded guilty on Thursday and agreed to pay more than $2 billion in a foreign corruption probe tied to the Malaysian 1MDB sovereign wealth fund, which was looted of billions of dollars in a corruption scandal. The company, Goldman Sachs Malaysia, entered the plea in federal court in Brooklyn. (Yuri Gripas/The New York Times via AP, Pool)
October 22, 2020 - 4:49 pm
WASHINGTON (AP) — A subsidiary of Goldman Sachs pleaded guilty on Thursday and agreed to pay more than $2.9 billion in a foreign corruption probe tied to the Malaysian 1MDB sovereign wealth fund, which was looted of billions of dollars in a corruption scandal. In addition, several current and...
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October 15, 2020 - 10:49 am
LISBON, Portugal (AP) — European and American officials said Thursday that they have arrested 20 people in several countries for allegedly belonging to an international ring that laundered millions of euros stolen by cybercriminals through malware schemes. The international police operation “...
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September 24, 2020 - 1:29 pm
NICOSIA, Cyprus (AP) — Cyprus’ top oversight body urged lawmakers on Thursday to rethink new legislation that empowers the government to grant citizenship to family members of wealthy investors under the country’s lucrative “golden passport” program. The Cyprus Audit Office said handing passports...
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FILE - In this Aug. 16, 2019, file photo, the logo for JPMorgan Chase & Co. appears above a trading post on the floor of the New York Stock Exchange in New York. Shares of some major banks are tumbling before the market open Monday, Sept . 21, 2020, following a report alleging those including JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon continued to profit from illicit dealings with disreputable people and criminal networks despite being previously fined for similar actions. (AP Photo/Richard Drew, File)
September 21, 2020 - 11:03 am
The financial sector was hit hard Monday following a report alleging that a number of banks, JPMorgan, HSBC, Standard Chartered Bank, Deutsche Bank and Bank of New York Mellon among them, have continued to profit from illicit dealings with disreputable people and criminal networks despite previous...
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FILE - Iin this Jan.13, 2020 file photo, former president of the IAAF (International Association of Athletics Federations) Lamine Diack arrives at the Paris courthouse, Monday, Jan. 13, 2020. A Paris court is delivering its verdict Wednesday Sept. 16, 2020, in the trial of Lamine Diack on corruption, money laundering and breach of trust charges against the one-time supremo of global track and field athletics, and according to prosecutors, creamed off millions for himself, with his son.(AP Photo/Thibault Camus, File)
September 16, 2020 - 10:33 am
PARIS (AP) — Former track federation president Lamine Diack was sentenced Wednesday to two years in prison for corruption during his nearly 16-year tenure at the IAAF, most notably a scheme that allowed Russian athletes who paid millions in hush money to keep competing when they should have been...
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FILE - In this May 22, 2019, file photo, Ariel Quiros, left, former owner of Jay Peak Resort, stands outside the federal courthouse in Burlington, Vt., after his arraignment on fraud charges over a failed plan to build a biotechnology plant using foreign investors' money. The Miami businessman, accused of being the mastermind behind a massive fraud case involving foreign investors' money in Vermont developments, is expected to plead guilty in next week in a plea deal in which prosecutors are seeking a sentence of more than eight years in prison. (AP Photo/Lisa Rathke, File)
August 14, 2020 - 10:13 am
BURLINGTON, Vt. (AP) — A Miami businessman accused of being the mastermind behind the largest fraud case in Vermont's history pleaded guilty on Friday over a failed plan to build a biotechnology plant using tens of millions of dollars in foreign investors' money. Ariel Quiros, 64, the former owner...
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A man wearing a face mask amid the COVID-19 pandemic passes a mural of Venezuelan President Nicolas Maduro in Caracas, Venezuela, Wednesday, July 22, 2020. Analysts say that in recent months the pandemic has helped suck away the opposition’s scanty momentum and bolster Maduro’s already strong hand. (AP Photo/Ariana Cubillos)
August 14, 2020 - 8:29 am
MIAMI (AP) — A federal prosecutor who has jailed some of Venezuela’s biggest crooks is stepping down, The Associated Press has learned, leaving a void that could dampen U.S. efforts to expose criminal activity in the South American country amid rising tensions with the Trump administration. Michael...
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Former Malaysian Prime Minister Najib Razak, center, wearing a face mask with his supporters arrives at courthouse in Kuala Lumpur, Malaysia, Tuesday, July 28, 2020. Najib arrived for a verdict in the first of several corruption trials linked to the multibillion-dollar looting of the 1MDB state investment fund. (AP Photo/Vincent Thian)
July 28, 2020 - 6:53 am
KUALA LUMPUR, Malaysia (AP) — A Malaysian court sentenced former Prime Minister Najib Razak to serve 12 years in prison on Tuesday after finding him guilty in the first of several corruption trials linked to the multibillion-dollar looting of the 1MDB state investment fund that brought down his...
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