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worldNews reuters.com

Head of Mexico's financial crimes unit resigns: sources

MEXICO CITY (Reuters) - The head of the Mexico's Financial Intelligence Unit, a part of the finance ministry tasked with combating and preventing money laundering, resigned on Wednesday, two sources with direct knowledge of the matter told Reuters.

politicsNews reuters.com

Senator Warren says U.S. needs to 'rethink' money laundering laws

WASHINGTON (Reuters) - Democratic Senator Elizabeth Warren said on Tuesday the United States needed to review outdated laws for combating money laundering which are creating an undue compliance burden for small and community banks.

worldNews reuters.com

Exclusive: Mexico's attorney general vows to crack down on money laundering

MEXICO CITY (Reuters) - Mexico’s acting attorney general said on Thursday prosecutors were already working to improve investigations and cooperation with other countries following an international report that blasted the country for failing to punish money launderers.

businessNews reuters.com

Citibank fined $70 million for anti-money laundering compliance shortcomings

WASHINGTON (Reuters) - A U.S. bank regulator has fined Citibank $70 million for failing to address shortcomings in its anti-money laundering policies.

companyNews reuters.com

UPDATE 1-Citibank fined $70 mln for anti-money laundering compliance shortcomings

WASHINGTON, Jan 4 (Reuters) - A U.S. bank regulator has fined Citibank $70 million for failing to address shortcomings in its anti-money laundering policies.

businessNews reuters.com

Western Union settles New York money laundering probe for $60 million

(Reuters) - Western Union Co will pay $60 million to resolve allegations that it failed for more than a decade to maintain a program to deter and report transactions involving suspected criminal fraud and money laundering, New York’s financial regulator said on Thursday.

companyNews reuters.com

Citibank fined $70 mln for anti-money laundering compliance shortcomings

WASHINGTON, Jan 4 (Reuters) - A U.S. bank regulator has fined Citibank $70 million for failing to address shortcomings in its anti-money laundering policies.

companyNews reuters.com

Western Union settles New York money laundering probe for $60 mln

Jan 4 (Reuters) - Western Union Co will pay $60 million to resolve allegations that it failed for more than a decade to maintain a program to deter and report transactions involving suspected criminal fraud and money laundering, New York’s financial regulator said on Thursday.

cnn.com

Manafort sues Mueller over Russia probe

Paul Manafort, the former Trump campaign chairman indicted on money laundering and other charges, filed a lawsuit challenging the broad authority of special counsel Robert Mueller and alleging the Justice Department violated the law in appointing Mueller. CNN's Evan Perez reports.

cnn.com

Manafort sues Mueller

Paul Manafort, the former Trump campaign chairman indicted on money laundering and other charges, filed a lawsuit challenging the broad authority of special counsel Robert Mueller and alleging the Justice Department violated the law in appointing Mueller.

businessNews reuters.com

Swiss find serious shortcomings at JPMorgan in 1MDB case

ZURICH (Reuters) - Swiss financial watchdog FINMA said on Thursday the Swiss subsidiary of U.S. bank JPMorgan had committed serious anti-money laundering breaches in relation to Malaysian sovereign wealth fund 1MDB.

companyNews reuters.com

JPMorgan breached anti-money laundering rules in 1MDB case - Swiss

ZURICH, Dec 21 (Reuters) - Swiss financial watchdog FINMA said on Friday the Swiss subsidiary of JPMorgan had committed serious anti-money laundering breaches in relation to Malaysian sovereign wealth fund 1MDB.

technologyNews reuters.com

Indian court acquits all accused in 2G telecoms case

NEW DELHI (Reuters) - An Indian court on Thursday acquitted a former telecoms minister, politicians and business executives of graft and money laundering charges in the grant of telecoms licenses due to lack of evidence in one of the country's biggest corruption scandals.

technologyNews reuters.com

India's special court acquits all accused in 2G telecoms case

NEW DELHI (Reuters) - A special court in India on Thursday acquitted a former telecoms minister, politicians and several business executives of graft and money laundering charges in the grant of telecoms licenses in one of the country's biggest graft scandals.

businessNews reuters.com

Brazil charges Swiss bank manager with laundering bribe money

BRASILIA (Reuters) - Federal prosecutors on Tuesday charged a Spanish-Swiss banker with laundering $21.7 million in graft money for Brazilian clients involved in the country's largest corruption scandal, including jailed former lower house speaker Eduardo Cunha.

worldNews reuters.com

Exclusive: Anti-money laundering group blasts Mexico in draft report

MEXICO CITY (Reuters) - Mexican prosecutors are failing to systematically punish money launderers and tax authorities are too lax with potential drug money fronts such as real estate and luxury goods firms, according to a draft report on Mexico's efforts to fight illicit finance.

domesticNews reuters.com

Honduran politician sentenced to three years in U.S. for money laundering

NEW YORK (Reuters) - A member of a prominent Honduran family who once served in the nation’s cabinet was sentenced to three years in prison on Friday after he pleaded guilty to a U.S. money laundering charge.

technologyNews reuters.com

EU agrees clampdown on bitcoin platforms to tackle money laundering

BRUSSELS (Reuters) - European Union states and legislators agreed on Friday on stricter rules to prevent money laundering and terrorism financing on exchange platforms for bitcoin and other virtual currencies, the EU said in a statement.

technologyNews reuters.com

EU agrees stricter bitcoin rules against money laundering, terrorist financing

BRUSSELS (Reuters) - The European Union agreed stricter rules to prevent money laundering and terrorist financing on bitcoin platforms on Friday.

technologyNews reuters.com

Prosecutors say Long Island woman tried to use bitcoin to aid Islamic State

(Reuters) - A suburban New York hospital technician accused of using bitcoin and other cryptocurrencies to launder money meant for the militant group Islamic State was arrested on charges of money laundering in support of a foreign terrorist organization and bank fraud, prosecutors said Thursday.

domesticNews reuters.com

New York woman charged with laundering money to help Islamic State

(Reuters) - U.S. prosecutors said Thursday that they had charged a Long Island, New York woman with laundering more than $85,000 in fraudulently obtained money through Bitcoin to help Islamic State.

domesticNews reuters.com

HSBC draws line under Mexican cartel case after five-years on probation

LONDON (Reuters) - HSBC drew a line under its punishment for lapses in anti-money laundering controls on Monday, saying the U.S. Department of Justice (DoJ) would end its deferred prosecution agreement, lifting the threat of further penalties.

technologyNews reuters.com

EU must look at regulating bitcoin, ECB's Nowotny says

VIENNA (Reuters) - The European Union needs to consider regulating bitcoin, European Central Bank ratesetter Ewald Nowotny said on Monday, citing the risk of money laundering.

worldNews reuters.com

Britain steps up battle against money laundering

LONDON (Reuters) - Britain's government said on Monday it will create a new national economic crime center to crack down harder on money laundering by drug dealers and people traffickers who are expected to net 90 billion pounds ($120.3 billion) this year.

companyNews reuters.com

HSBC announces end to suspended sentence for Mexican cartel case

LONDON, Dec 11 (Reuters) - HSBC on Monday said its deferred prosecution agreement with the U.S. Department of Justice has expired, marking an end to the threat of further punishment for lapses in its anti-money laundering controls.

worldNews reuters.com

Vatican should bring money-laundering cases to trial, watchdog agency says

VATICAN CITY (Reuters) - The Vatican needs to bring cases of suspected money laundering to trial, a European finance watchdog urged on Friday, saying the good progress made by its financial regulators needed to be matched by judicial muscle.

businessNews reuters.com

UK pushing to include Bitcoin under money-laundering rules

LONDON (Reuters) - Britain wants to increase regulation of Bitcoin and other digital currencies by expanding the reach of European Union anti-money-laundering rules that force traders to disclose their identities and report suspicious activity.

worldNews reuters.com

Venezuela arrests relative of powerful ex-oil boss Ramirez in graft probe

CARACAS (Reuters) - Venezuela has arrested Diego Salazar, a relative of former oil czar Rafael Ramirez, as part of an investigation into a money laundering scandal in Andorra, the South American country's state prosecutor said on Friday night.

companyNews reuters.com

UPDATE 9-Turkish gold trader implicates Erdogan in Iran money laundering

Nov 30 (Reuters) - A Turkish-Iranian gold trader on Thursday told jurors in a New York federal court that Turkish President Recep Tayyip Erdogan authorized a transaction in a scheme to help Iran evade U.S. sanctions.

companyNews reuters.com

UPDATE 8-Turkish gold trader implicates Erdogan in Iran money laundering

Nov 30 (Reuters) - A Turkish-Iranian gold trader on Thursday told jurors in a New York federal court that Turkish President Recep Tayyip Erdogan authorized a transaction in a scheme to help Iran evade U.S. sanctions.

companyNews reuters.com

UPDATE 7-Turkish gold trader implicates Erdogan in Iran money laundering

Nov 30 (Reuters) - A Turkish-Iranian gold trader on Thursday told jurors in a New York federal court that Turkish President Recep Tayyip Erdogan authorized a transaction in a scheme to help Iran evade U.S. sanctions.

companyNews reuters.com

UPDATE 6-Turkish gold trader implicates Erdogan in Iran money laundering

Nov 30 (Reuters) - A Turkish-Iranian gold trader on Thursday told jurors in a New York federal court that Turkish President Recep Tayyip Erdogan personally authorized a transaction in a scheme to help Iran evade U.S. sanctions.

companyNews reuters.com

UPDATE 5-Turkish gold trader implicates Erdogan in Iran money laundering

Nov 30 (Reuters) - A Turkish-Iranian gold trader on Thursday told jurors in a New York federal court that Turkish President Recep Tayyip Erdogan personally authorized a transaction in a scheme to help Iran evade U.S. sanctions.

companyNews reuters.com

UPDATE 4-Turkish gold trader implicates Erdogan in Iran money laundering

Nov 30 (Reuters) - A Turkish-Iranian gold trader on Thursday told jurors in a New York federal court that Turkish President Recep Tayyip Erdogan personally authorized a transaction in a scheme to help Iran evade U.S. sanctions.

domesticNews reuters.com

Turkish gold trader implicates Erdogan in Iran money laundering

(Reuters) - A Turkish-Iranian gold trader on Thursday told jurors in a federal court in New York that Turkish President Recep Tayyip Erdogan personally authorized a transaction on behalf of Iran.

domesticNews reuters.com

Turkish gold trader details money laundering scheme for Iran

NEW YORK (Reuters) - A Turkish-Iranian gold trader described in a U.S. court on Wednesday how he ran a sprawling international money laundering scheme aimed at helping Iran get around U.S. sanctions and spend its oil and gas revenues abroad.

companyNews reuters.com

UPDATE 3-Turkish gold trader details money laundering scheme for Iran

NEW YORK, Nov 29 (Reuters) - A Turkish-Iranian gold trader described in a U.S. court on Wednesday how he ran a sprawling international money laundering scheme aimed at helping Iran get around U.S. sanctions and spend its oil and gas revenues abroad.

companyNews reuters.com

Turkish gold trader begins testifying for U.S. prosecutors

NEW YORK, Nov 29 (Reuters) - A Turkish-Iranian gold trader on Wednesday began testifying for U.S. prosecutors in the trial of an executive at Turkey's state-owned Halkbank accused of taking part in a massive international money laundering scheme to help Iran evade U.S. sanctions.

worldNews reuters.com

Mexican leftist presidential candidate vows financial crime crackdown

MEXICO CITY (Reuters) - Mexican leftist presidential frontrunner Andres Manuel Lopez Obrador has pledged in his manifesto to clamp down on financial crime, and tighten money laundering, banking and tax regulations if elected next July.

cnn.com

The Manafort money laundering charges: What's in store?

domesticNews reuters.com

Court adjourns appeal hearing for U.S. extradition of Russian cyber crime suspect

ATHENS (Reuters) - Greece's Supreme Court adjourned an appeal hearing on Wednesday for the extradition to the United States of a Russian suspected of masterminding a $4 billion bitcoin laundering ring.

domesticNews reuters.com

New Jersey man sentenced for role in Russian uranium bribe scheme

WASHINGTON (Reuters) - A New Jersey man has been sentenced to a year and a day in prison for conspiracy to commit money laundering in connection with his role in arranging bribes for the awarding of contracts with Russia's state-owned nuclear energy corporation, the U.S. Justice Department said on Monday.

worldNews reuters.com

EU parliament questions independence of police, judiciary in Malta

BRUSSELS (Reuters) - European Union lawmakers have raised concerns over money laundering in Malta and the independence of its police and judiciary in a draft resolution, stepping up pressure on the island after the assassination of an investigative journalist.

businessNews reuters.com

British shell companies linked to 52 money laundering scandals

LONDON (Reuters) - British shell companies have been linked to 52 money laundering scandals involving 80 billion pounds ($105 billion) in the past 14 years, according to researchers at campaign group Transparency International.

companyNews reuters.com

UPDATE 1-Saudi princes accused of bribery, embezzlement, money laundering -official

RIYADH, Nov 6 (Reuters) - Bribery, embezzlement, money laundering and abuse of power are among the accusations levelled against dozens of Saudi princes, officials and businessmen detained in an anti-corruption probe, a Saudi official told Reuters on Monday.

companyNews reuters.com

Saudi princes accused of bribery, embezzlement, money laundering -official

RIYADH, Nov 6 (Reuters) - Bribery, embezzlement, money laundering and abuse of power are among the accusations levelled against dozens of Saudi princes, officials and businessmen detained in an anti-corruption probe, a Saudi official told Reuters on Monday.

worldNews reuters.com

Italy seizes 100 tonnes of diesel on ship sailing from Libya

ROME (Reuters) - Italian police said on Saturday they had seized more than 100 tonnes of contraband diesel from a ship which set sail from Libya and arrested the captain for smuggling and money-laundering.

worldNews reuters.com

Mexico report flags shortcomings in fight against corruption

MEXICO CITY (Reuters) - The Mexican government has noted serious shortcomings in its fight against corruption in a classified report seen by Reuters, which was prepared ahead of an international evaluation of the country's efforts to combat money laundering.

politicsNews reuters.com

Manafort money laundering charge in Russia probe may face challenges

(Reuters) - When the lawyer for the former campaign manager of President Donald Trump attacked the money laundering charge brought against his client as flimsy, some legal experts say he may have pinpointed a potential weakness in the indictment by U.S. special counsel Robert Mueller.

politicsNews reuters.com

Judge denies request to return to U.S. by Russian lawyer who met Trump Jr.

NEW YORK (Reuters) - A U.S. judge on Friday denied a request for Russian lawyer Natalia Veselnitskaya, who met with Donald Trump Jr. during the 2016 U.S. presidential campaign, to return to the United States to attend a hearing over an unpaid $6 million settlement in an international money laundering case.

politicsNews reuters.com

Judge proposes May 7 trial date for former Trump aide Manafort

WASHINGTON (Reuters) - A federal judge on Friday proposed a May 7 trial date for former Trump campaign manager Paul Manafort and associate Rick Gates, who were indicted on charges including money laundering, according to a court filing.

politicsNews reuters.com

U.S. judge orders former Trump aides to stay under home arrest

WASHINGTON (Reuters) - A U.S. judge on Thursday ordered President Donald Trump's former campaign manager Paul Manafort to remain under home arrest and wear an electronic monitoring device for now as he awaits a tentative trial date on money-laundering and other charges.

companyNews reuters.com

UPDATE 1-Lawmaker calls for probe of UK bank's ties in S. African money laundering case

Nov 1 (Reuters) - British lawmaker Peter Hain said on Wednesday he has asked finance minister Philip Hammond to refer an unidentified UK bank to regulators for an investigation into possible involvement in alleged money laundering involving South Africa's Gupta family.

politicsNews reuters.com

Court document shows Manafort wealth, ties to Russian oligarchs

WASHINGTON (Reuters) - Paul Manafort, former campaign manager for President Donald Trump, had three U.S. passports, millions in assets and ties to Russian oligarchs, according to federal court documents after his indictment on tax fraud and money laundering charges.

Manafort, Paul J nytimes.com

In Wealthy Enclaves He Frequents, Manafort’s Spending Fails to Impress

The document charging Paul Manafort with money laundering, tax evasion and foreign lobbying reads less like a 12-count federal indictment and more like the ultimate spendthrift whodunit.

politicsNews reuters.com

Russian lawyer who met Trump Jr. seeks return to U.S. to defend money laundering settlement

WASHINGTON (Reuters) - Russian lawyer Natalia Veselnitskaya, who met with Donald Trump Jr. during the 2016 U.S. presidential campaign, wants permission to return to the United States to defend a claim by prosecutors that her client's company has failed to pay a $6 million settlement in an international money laundering case.

sportsNews reuters.com

Associate of former FIFA vice president sentenced to 15 months

(Reuters) - A former general secretary of the Cayman Islands Football Association was sentenced to 15 months in prison on Tuesday after he pleaded guilty in a money laundering conspiracy, the second person sentenced in a U.S. investigation of bribery involving the world soccer governing body FIFA.

Money Laundering nytimes.com

Paul Manafort’s Trail of Scandals

President Trump’s former campaign chairman, Paul Manafort, has been charged with tax fraud and money laundering. But this isn’t Mr. Manafort’s first public scandal.

cnn.com

Pretending problem doesn't exist doesn't solve problem, American President learns

Here's how Donald Trump, aka the President of the United States, responded on Twitter to the news that his one-time campaign chairman Paul Manafort has been indicted on a dozen counts of money laundering and filing false lobbying forms for his work in foreign countries:

politicsNews reuters.com

Two ex-Trump aides charged in Russia probe, third pleads guilty

WASHINGTON (Reuters) - Paul Manafort, a former campaign manager for President Donald Trump, was charged on Monday with money laundering and another onetime aide pleaded guilty to lying to the FBI, in a sharp escalation of a federal probe into Russian meddling in the 2016 U.S. presidential election.

politicsNews reuters.com

Manafort, Gates plead not guilty to charges in Russia probe

WASHINGTON (Reuters) - Former Trump campaign manager Paul Manafort and his associate Rick Gates pleaded not guilty on Monday to money laundering and other charges filed in a probe looking into Russian interference in the 2016 U.S. presidential election.

Gates, Richard W III (1972- ) nytimes.com

Rick Gates Was a Protégé of Paul Manafort’s Before Being Indicted Alongside Him

Rick Gates, a former business associate of President Trump’s campaign chairman, Paul Manafort, has been charged along with his one-time mentor in a money laundering conspiracy.

cnn.com

What the Manafort indictment proves (and what it doesn't)

On Monday morning former Trump presidential campaign chairman Paul Manafort was indicted on charges of money laundering and filing false foreign lobbying reports, among other counts.

politicsNews reuters.com

Ex-Trump campaign manager Manafort indicted on conspiracy, other charges

WASHINGTON (Reuters) - Paul Manafort, a former campaign manager for President Donald Trump, was indicted on charges of money laundering and conspiracy against the United States, the most serious step yet in a special counsel investigation into Russian links with Trump's 2016 White House campaign.

politicsNews reuters.com

Manafort indicted on conspiracy, money laundering charges: special counsel

WASHINGTON (Reuters) - Paul Manafort, a former campaign manager for U.S. President Donald Trump, and an associate were indicted by a federal grand jury on 12 counts including conspiracy against the United States and money laundering, the federal special counsel's office said on Monday.

worldNews reuters.com

Spain arrests four former Venezuelan officials for U.S. probe

MADRID/CARACAS (Reuters) - Spanish authorities arrested a former Venezuelan deputy minister and three former executives at Venezuelan state companies for alleged links to money laundering and international corruption, Spain's Civil Guard said on Friday.

politicsNews reuters.com

Manhattan U.S. attorney adds to probes of ex-Trump aide Manafort: reports

WASHINGTON (Reuters) - The U.S. attorney's office in Manhattan is investigating Paul Manafort for potential money laundering, according to media reports, adding to other federal and state probes targeting President Donald Trump’s former campaign manager.

technologyNews reuters.com

Taiwan central bank governor says bitcoin trading should be regulated by anti-money laundering law

TAIPEI (Reuters) - Bitcoin trading should be added into Taiwan's notification system for money laundering prevention law, Taiwan central bank governor Perng Fai-nan said on Wednesday.

companyNews reuters.com

Canadian Scotiabank looks to sell gold trading unit on scandal - FT

Oct 18 (Reuters) - Canadian Bank of Nova Scotia has put its gold business up for sale in the aftermath of a massive money laundering scandal centred on a U.S. refinery that involved smuggled gold from South America, the Financial Times reported.

worldNews reuters.com

Son of Thailand's ex-PM Thaksin charged with money-laundering

BANGKOK (Reuters) - The only son of fugitive former Thai prime minister Thaksin Shinawatra has been formally charged with money-laundering, the Department of Special Investigations told Reuters on Wednesday.

worldNews reuters.com

Portuguese ex-PM Socrates indicted on corruption charges

LISBON (Reuters) - Former Portuguese Prime Minister Jose Socrates was indicted on graft and money laundering charges on Wednesday in the country's biggest corruption investigation, which prosecutors say exposed his illicit links to a business elite targeted by the inquiry.

technologyNews reuters.com

U.S., Russia in extradition tug-of-war over bitcoin fraud suspect in Greece

ATHENS (Reuters) - A Greek court on Wednesday backed the extradition to Moscow of a Russian citizen who also faces being sent to the United States on allegations of laundering billions of dollars in bitcoin.

technologyNews reuters.com

Russian cybercrime suspect in Greek court for second extradition request

ATHENS (Reuters) - A Russian wanted by the United States for allegedly laundering billions of dollars in bitcoin appeared in a Greek court on Wednesday for a hearing to consider his extradition to Moscow on different charges.

worldNews reuters.com

Sri Lanka arrests two over hacking of Taiwan bank accounts

COLOMBO (Reuters) - Two people have been arrested in Sri Lanka for suspected money laundering from a Taiwanese bank whose computer system was hacked to enable illicit transactions abroad, police said on Monday.

technologyNews reuters.com

Greek court clears U.S. extradition of Russian bitcoin fraud suspect

ATHENS (Reuters) - A Greek court cleared the way on Wednesday for the extradition to the United States of a Russian, also wanted by Moscow, suspected of laundering billions of dollars in digital currency bitcoin.

companyNews reuters.com

Goldman Sachs former banker banned from U.S. securities industry

Oct 3 (Reuters) - Wall Street's self-regulator said on Tuesday it has barred a former Goldman Sachs Group Inc senior banker, Tim Leissner, from the U.S. securities industry because he failed to cooperate with the regulator's investigation of alleged money-laundering connected with a Malaysian sovereign wealth fund.

worldNews reuters.com

Indian tycoon Mallya appears in UK court on new money-laundering accusations

LONDON (Reuters) - Indian businessman Vijay Mallya, who India wants to extradite from Britain on fraud charges, faces further accusations of money-laundering with some funds allegedly going to his Force India Formula One motor racing team, a London court heard on Tuesday.

worldNews reuters.com

Bitcoin fraud suspect wanted by U.S., Russia appears in Greek court

ATHENS (Reuters) - A Russian suspected of masterminding a money-laundering operation using bitcoin appeared in a Greek court on Friday for a hearing to consider his extradition to the United States.

companyNews reuters.com

CORRECTED-US, EU fines on banks' misconduct to top $400 bln by 2020-report

HONG KONG, Sept 27 (Reuters) - Regulators in the United States and Europe have imposed $342 billion of fines on banks since 2009 for misconduct, including violation of anti-money laundering rules, and that is likely to top $400 billion by 2020, a research report said on Wednesday.

environmentNews reuters.com

Tusk-smuggling case ends in prison for Canadian ex-mountie :U.S. judge

(Reuters) - A retried Royal Canadian Mounted Police officer was sentenced on Wednesday by a U.S. judge to five years and two months in prison, after pleading guilty to 10 money laundering charges related to a scheme to smuggle Arctic narwhal tusks.

worldNews reuters.com

Mauritius attorney general steps down amid money laundering probe

PORT LOUIS (Reuters) - The attorney general of the island nation of Mauritius stepped down on Wednesday after allegations he had helped launder gambling money.

cnn.com

Opinion: On Russia and North Korea, shell companies conceal truth

News reports and judicial rulings -- many of them focusing on the flow of Russian money into real estate in New York -- have highlighted the role that shell companies play in laundering the proceeds of international crime.

companyNews reuters.com

UPDATE 1-Ex-bank manager to face charges in Philippines for cyber heist, others cleared

MANILA, Sept 7 (Reuters) - Philippine prosecutors have recommended the filing of charges against a former bank manager for her part in laundering tens of millions of dollars stolen from Bangladesh's central bank last year, but they cleared two casino agents and a remittance firm.

businessNews reuters.com

Ex-bank manager to face charges in Philippines for cyber heist, others cleared

MANILA (Reuters) - Philippine prosecutors have recommended the filing of charges against a former bank manager for her part in laundering of tens of millions of dollars stolen from Bangladesh's central bank last year but cleared two casino agents and a remittance firm.

worldNews reuters.com

Stung by reputation, Taiwan looks to turn corner on money laundering

TAIPEI (Reuters) - After Taiwan's state-run Mega Financial Holding Co was fined $180 million by U.S. authorities for lax enforcement of anti-money-laundering rules at its New York branch, the bank started a rigorous training program for its staff.

worldNews reuters.com

Peru opposition leader investigated in connection with Odebrecht

LIMA (Reuters) - The Peruvian attorney general's office has opened a criminal probe into opposition leader Keiko Fujimori for allegedly laundering money for scandal-plagued Brazilian builder Odebrecht, Fujimori's attorney said on Tuesday.

domesticNews reuters.com

Ex-Honduran cabinet official pleads guilty in U.S. money laundering case

NEW YORK (Reuters) - A former member of Honduran President Juan Orlando Hernandez' cabinet pleaded guilty in a New York federal court on Tuesday to attempting to launder drug money from the Central American country, prosecutors said.

domesticNews reuters.com

U.S. sentences ex-Guinea minister to seven years in prison for laundering bribes

NEW YORK (Reuters) - A former Guinea government minister was sentenced to seven years in prison on Friday following his conviction of laundering $8.5 million in bribes that U.S. prosecutors say he took in exchange for helping a Chinese conglomerate secure mining rights.

technologyNews reuters.com

Russian hackers feel the heat as Trump seeks warmer Moscow ties

MOSCOW/SAN FRANCISCO (Reuters) - When Alexander Vinnik was arrested on money-laundering charges at a Greek hotel in late July, the status of his Jabber secure online messaging account was set to "away".

Economic Conditions and Trends nytimes.com

Portugal Dominated Angola for Centuries. Now the Roles Are Reversed.

Money flowing into Portugal is coming from a former colony. And while Angola is often cited for corruption, Portugal has been singled out for its laxness in reining in money laundering.

worldNews reuters.com

Brazilian police extend Car Wash graft probe

RIO DE JANEIRO (Reuters) - Brazilian police on Friday announced two new phases of their Car Wash anti-corruption probe into alleged graft, misappropriation of public funds and money laundering through the hiring of large companies by Petroleo Brasileiro.

businessNews reuters.com

Commonwealth Bank scraps CEO bonus over money-laundering allegations

MELBOURNE (Reuters) - Commonwealth Bank of Australia on Tuesday scrapped its chief executive's bonus for damaging the bank's reputation amid allegations it broke money-laundering and counter-terrorism financing rules, but said he retained the board's confidence.

businessNews reuters.com

Commonwealth Bank says 'coding error' explains alleged money-laundering breaches

SYDNEY (Reuters) - The Commonwealth Bank of Australia said on Monday a software "coding error" was responsible for the "vast majority" of the anti-money laundering law breaches it was accused of last week.

businessNews reuters.com

Australia's money-laundering watchdog launches civil lawsuit against CBA

SYDNEY (Reuters) - Australia's anti money-laundering regulator said on Thursday it launched civil legal proceedings against the Commonwealth Bank of Australia for breaches of money-laundering and counter-terrorism financing rules.

technologyNews reuters.com

Alleged bitcoin fraud 'mastermind' sought by U.S. held in Greek prison

ATHENS (Reuters) - A Russian national suspected of masterminding a money-laundering operation using bitcoin was transferred to prison in Greece on Friday, while the United States prepares documentation to back an extradition request for him.

worldNews reuters.com

Ex-Greek minister guilty of money laundering in Siemens scandal

ATHENS (Reuters) - A former Greek minister was found guilty on Friday of money laundering over contracts between the Greek unit of Siemens and then state-controlled telecoms group OTE.

domesticNews reuters.com

U.S. indicts suspected Russian 'mastermind' of $4 billion bitcoin laundering scheme

NEW YORK/ATHENS/MOSCOW (Reuters) - A U.S. jury indicted a Russian man on Wednesday as the operator of a digital currency exchange he allegedly used to launder more than $4 billion for people involved in crimes ranging from computer hacking to drug trafficking.

domesticNews reuters.com

Honduran politician pleads guilty to U.S. money laundering charge

NEW YORK (Reuters) - A member of a prominent Honduran family who once served in the nation's cabinet on Wednesday pleaded guilty to a U.S. money laundering charge.

technologyNews reuters.com

Russian held over bitcoin laundering linked to BTC-e exchange: sources

MOSCOW (Reuters) - A Russian national arrested in Greece on Wednesday on suspicion of laundering criminal funds by switching them into bitcoins is a key person behind the BTC-e crypto-currency exchange, two sources close to the exchange told Reuters.

technologyNews reuters.com

Greece arrests Russian suspected of running $4 billion bitcoin laundering ring

ATHENS (Reuters) - Greek police arrested a Russian man suspected of running a money laundering operation involving turning $4 billion from illicit business activities into the digital currency bitcoin, they said on Wednesday.