Nation Oct 10 WATCH: Garland announces TD Bank will pay $3 billion in money-laundering settlement 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. By Lindsay Whitehurst, Associated Press
Nation Aug 28 Backpage founder Michael Lacey sentenced to 5 years in prison, fined $3M for money laundering 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… By Jacques Billeaud, Associated Press
World Jul 04 Bolsonaro indicted by Brazil’s police for money laundering linked to undeclared diamonds 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. By Gabriela Sá Pessoa, Mauricio Savarese, Associated Press
Economy Apr 30 Binance founder Changpeng Zhao sentenced to 4 months in prison for allowing money laundering 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. By Gene Johnson, Associated Press
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
Nov 04 Watch 6:00 The role of cryptocurrency in financing terrorist organizations By Ali Rogin, Harry Zahn Shortly after the Oct. 7 terrorist attack on Israel, the U.S. Treasury Department sanctioned a virtual currency exchange in Gaza that it said had facilitated transactions for Hamas using decentralized digital currencies. Former federal prosecutor Ari Redbord joins Ali Rogin… Continue watching
Jun 30 Prosecutors turn over more than 80,000 pages of material to Rep. George Santos in fraud case By Jake Offenhartz, Associated Press The New York Republican has pleaded not guilty to money laundering, wire fraud, theft of public services and making false statements to Congress. Continue reading
Jan 04 Cryptocurrency trading platform Coinbase to pay $100 million in settlement with New York regulators By Associated Press New York has announced a $100 million settlement with Coinbase over what state officials called significant failures in the cryptocurrency trading platform's systems for spotting potential criminal activity. Continue reading
Jan 03 Founder of cryptocurrency exchange FTX pleads not guilty to fraud By Larry Neumeister, Associated Press FTX founder Sam Bankman-Fried has pleaded not guilty in Manhattan federal court to charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform. Continue reading