Money laundering

January 08, 2019 - 7:18 am
MANNING, S.C. (AP) — A fired police chief in South Carolina has been arrested by the FBI on charges including money laundering. News outlets report Gary Blair Shaffer pleaded not guilty and posted bail after he was taken in by the FBI Monday. A federal indictment says Shaffer stole about $78,000...
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December 24, 2018 - 4:38 am
NICOSIA, Cyprus (AP) — The chief of the Cyprus Association of Banks say Cypriot lenders are concerned that their adoption of some of the toughest anti-money laundering regulations in the world has not been fully recognized abroad. Association Director Michalis Kammas told The Associated Press...
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December 19, 2018 - 5:18 am
HELSINKI (AP) — The Baltic region's main news agency says ten former employees of the Estonian branch of Danske Bank have been arrested in connection with an ongoing probe into a major money laundering scandal that allegedly involved Russian money. The Baltic News Service cites Estonia's...
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December 18, 2018 - 4:22 pm
RALEIGH, N.C. (AP) — A Russian businessman who lived a lavish life in North Carolina will remain in jail while he's prosecuted on charges including money laundering and murder-for-hire. An online court docket shows a federal magistrate judge ordered Leonid Teyf to stay in custody pending trial. The...
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December 13, 2018 - 10:17 am
COLUMBIA, S.C. (AP) — A South Carolina businessman has been sentenced to federal prison for scheming investors out of more than $1 million. The State newspaper reports U.S. District Judge Cameron McGowan Currie sentenced Wade Caughman on Wednesday to nearly three years in prison on fraud and money...
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Former 1Malaysia Development Berhad CEO, Arul Kanda Kandasamy arrives at Kuala Lumpur High Court in Kuala Lumpur, Malaysia, Wednesday, Dec. 12, 2018. Arul and former Malaysia's Prime Minister, Najib Razak, face fresh charges for tempering 1MDB audit report. (AP Photo/Yam G-Jun)
December 11, 2018 - 11:17 pm
KUALA LUMPUR, Malaysia (AP) — Former Malaysian Prime Minister Najib Razak was charged Wednesday with tampering with the final audit report into a defunct state investment fund, adding to a long list of corruption allegations against him since his ouster in May elections. Najib was charged along...
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In this courtroom drawing, Assistant U.S. Attorney Douglas Zolkind, standing, addresses cooperating witness Cheikh Gadio, far right, during Hong Kong businessman Dr. Chi Ping Patrick Ho's bribery trial in New York, Wednesday, Nov. 28, 2018. Seated at far left is the defendant, Dr. Chi Ping Patrick Ho. On the bench is Judge Loretta Preska. The photo on the monitor shows the defendant and the President of Chad, Idriss Deby, taken during a meeting. (Elizabeth Williams via AP)
December 05, 2018 - 6:18 pm
NEW YORK (AP) — A federal jury convicted a Hong Kong businessman Wednesday of bribing the presidents of two African nations to secure oil rights for a Chinese energy conglomerate, a case that stretched from the halls of the United Nations and highlighted the often blurry line between...
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Masked police stand in an ice parlor in Duisburg, western Germany, Wednesday, Dec. 5, 2018 as authorities conduct coordinated raids in Germany, Italy, Belgium and the Netherlands in a crackdown on the Italian mafia. (Christoph Reichwein/dpa via AP)
December 05, 2018 - 7:53 am
THE HAGUE, Netherlands (AP) — Hundreds of police in Germany, Italy, Belgium and the Netherlands arrested at least 84 suspected mobsters and seized around 2 million euros ($2.3 million) Wednesday in a series of coordinated raids targeting a powerful branch of the Italian mafia. The raids were the...
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December 04, 2018 - 7:53 pm
NEW YORK (AP) — Federal authorities announced a raft of conspiracy and tax fraud charges Tuesday against four men in the first U.S. prosecution related to the so-called Panama Papers. The 11-count indictment unsealed in Manhattan stems from what prosecutors described as an "intercontinental money...
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November 30, 2018 - 6:56 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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