Money Laundering

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 - 7:23 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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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 - 5:24 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 - 6:58 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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October 31, 2018 - 4:58 pm
MIAMI (AP) — The former finance chief of Venezuela's state oil company pleaded guilty Wednesday to participating in an alleged $1.2 billion embezzlement scheme, a major breakthrough for U.S. prosecutors targeting corruption by people close to President Nicolas Maduro, including his stepsons...
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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 - 1:25 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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October 25, 2018 - 9:30 am
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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A rickshaw puller pedals past outdoor broadcasting vans of various television channels lined up outside Central Bureau of Investigation headquarters in New Delhi, India, Wednesday, Oct. 24, 2018. The government of India placed the director of the federal investigative agency and his deputy on leave on Wednesday days after the agency filed a case against the deputy alleging that he took bribes to settle a money laundering case. (AP Photo/Altaf Qadri)
October 24, 2018 - 5:32 pm
NEW DELHI (AP) — The government of India placed the director of the federal investigative agency and his deputy on leave on Wednesday days after the agency filed a case against the deputy alleging that he took bribes to settle a money laundering case. A government appointment committee headed by...
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In this Tuesday, Oct. 23, 2018 photo, former Greek finance minister Yannos Papantoniou is escorted by policemen to a police van at a court in Athens. Papantoniou, who headed the country's effort to join the euro, and will be held in pre-trial detention in Athens from Wednesday, Oct. 24, 2018, on money laundering charges stemming from bribes allegedly paid to secure a 2003 navy contract. (Yannis Liakos/InTime News via AP)
October 24, 2018 - 11:27 am
ATHENS, Greece (AP) — A former Greek finance minister who headed the country's effort to join the euro was jailed Wednesday while awaiting trial on corruption charges. Yannos Papantoniou and his wife Stavroula Kourakou were being held in a maximum-security Athens prison after a judge ordered pre-...
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United Malays National Organization's (UMNO) Pexresident Ahmad Zahid Hamidi waves as he walks into courtroom at Kuala Lumpur High Court in Kuala Lumpur, Malaysia, Friday, Oct. 19, 2018. The anti-graft agency said Zahid was detained at its office shortly after he was summoned as part of its probe into abuse of power, criminal breach of trust and money laundering at a welfare group. It said in a statement that Zahid will be taken to court on Friday to face several charges under anti-corruption and anti-money laundering laws. (AP Photo/Yam G-Jun)
October 18, 2018 - 10:56 pm
KUALA LUMPUR, Malaysia (AP) — Malaysia's former deputy prime minister was charged Friday with abuse of power, corruption and money laundering involving millions of dollars in another graft investigation against leaders ousted in shock election results earlier this year. Ahmad Zahid Hamidi, who now...
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Keiko Fujimori, the daughter of Peru's former President Alberto Fujimori, and leader of the opposition party, attends a hearing to appeal her detention in Lima, Peru, Wednesday, Oct. 17, 2018. An appeals judge has freed Keiko Fujimori a week after she was arrested during a money laundering investigation. (AP Photo/Martin Mejia)
October 17, 2018 - 11:39 pm
LIMA, Peru (AP) — Peru's opposition leader Keiko Fujimori was freed by an appeals judge late Wednesday, a week after she was arrested in an ongoing money laundering investigation. The daughter of former strongman Alberto Fujimori cried as the judge read aloud his ruling Wednesday night. Several...
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