Economy Oct 14 U.S. hits Bank of America with $1.2 billion fine, saying it violated money laundering and sanctions laws By Paul Wiseman, Farnoush Amiri, Associated Press
Politics Aug 03 Trump bank accounts were closed due to concerns over possible money laundering, Capital One says The court filing is tied to a lawsuit filed against Capital One by one of Trump’s financial holding companies shortly after he was sworn into office a second time. By Ken Sweet, Associated Press
Economy Jun 05 Treasury warns banks of 'red flags' tied to customers in the U.S. illegally The Financial Crimes Enforcement Network — also known a FinCEN — issued an advisory Friday to banks that tells them to watch out for identity theft, payroll tax fraud, and money laundering schemes tied to hiring unauthorized workers. By Fatima Hussein, Ken Sweet, Associated Press
World May 12 Zelenskyy's ex-chief of staff a suspect in a money-laundering probe, Ukraine officials say Two national agencies fighting corruption in Ukraine have named Ukrainian President Volodymyr Zelenskyy’s former chief of staff as an official suspect in a major graft investigation. By Hanna Arhirova, Associated Press
Politics Oct 23 Trump pardons Binance founder Changpeng Zhao Zhao served prison time after failing to stop criminals from using the platform to move money connected to child sex abuse, drug trafficking and terrorism. By Will Weissert, Associated Press
Oct 10 WATCH: Garland announces TD Bank will pay $3 billion in money-laundering settlement By Lindsay Whitehurst, Associated Press TD Bank will pay approximately $3 billion in a historic settlement with U.S. authorities who say the financial institution’s lax practices allowed significant money laundering over multiple years. Continue reading
Aug 28 Backpage founder Michael Lacey sentenced to 5 years in prison, fined $3M for money laundering By Jacques Billeaud, Associated Press Michael Lacey, a founder of the lucrative classified site Backpage.com, was sentenced Wednesday to five years in prison and fined $3 million for a single money laundering count in a sprawling case involving allegations of a yearslong scheme to promote and profit… Continue reading
Jul 04 Bolsonaro indicted by Brazil's police for money laundering linked to undeclared diamonds By Gabriela Sá Pessoa, Mauricio Savarese, Associated Press The indictment of former Brazilian President Jair Bolsonaro for money laundering and criminal association in connection with undeclared diamonds from Saudi Arabia marked the far-right leader’s second formal accusation, with more potentially in store. Continue reading
Apr 30 Binance founder Changpeng Zhao sentenced to 4 months in prison for allowing money laundering By Gene Johnson, Associated Press A judge on Tuesday credited Zhao for taking responsibility for his wrongdoing. But he said he was troubled by the Binance founder's decision to ignore U.S. banking requirements that would have slowed the company's explosive growth. Continue reading
Apr 08 'Panama Papers' money laundering trial begins By Associated Press The case centers on allegations the Mossack-Fonseca law firm set up shell companies to acquire properties in Panama with money from a sprawling corruption scheme in Brazil known as the Car Wash, or Lava Jato in Portuguese. Continue reading