Tag

Money Laundering

All articles tagged with #money laundering

justice6 days ago•19 min saved

Riverer Sentenced to Decade in Prison for Secret Venezuelan Lobbying

Former Florida congressman David Rivera was sentenced to 10 years in federal prison for his role in a secret $50 million lobbying campaign on behalf of the Venezuelan government. Rivera, a Republican and political mentor to Secretary of State Marco Rubio, was convicted of failing to register as a foreign agent and conspiracy to commit money laundering. The judge characterized the scheme as a fraudulent effort to bypass the Foreign Agents Registration Act, despite Rivera's defense that he advocated for the removal of President Nicolás Maduro. Rivera must also forfeit his Florida properties.

via The Washington Post|

#david-rivera #foreign-agents-registration-act #justice

global-politics-and-finance7 days ago•1 min saved

US Treasury Designates Russian Fintech A7 as Transnational Criminal Organization in Iran Sanctions Push

The US Treasury has designated the Kremlin-backed fintech A7 a 'transnational criminal organization,' freezing its US assets and banning American business dealings. The move targets A7's alleged role in helping Iran and other sanctioned entities evade Western restrictions via a network of shell companies. While the US frames this as part of 'Operation Economic Outcast' to isolate Iran, A7 denies any illicit ties, calling the accusations slander. This follows earlier EU and UK sanctions and precedes new US restrictions on Iranian industrial sectors.

via Financial Times|

#a7-fintech #global-politics-and-finance #iran-economy

global-finance15 days ago•1 min saved

A7 Network Laundered $6.9B via Forged Documents, FT Investigation Reveals

A Financial Times investigation reveals that A7, a Kremlin-backed fintech established by sanctioned Moldovan businessman Ilan Shor, moved at least $6.9 billion through global banks using an industrial-scale forgery operation. Backed by Russia’s state-owned Promsvyazbank, A7 utilized front companies in the UAE, Hong Kong, and Kyrgyzstan to bypass Western sanctions. The network expanded into Nigeria and Zimbabwe in September 2025, opening offices in Lagos and Harare, though the extent of its operations there remains unclear. Major banks including Standard Chartered, Citigroup, and JPMorgan Chase handled these flows, with Standard Chartered in Hong Kong alone receiving $1.1 billion from A7-linked entities. The scheme involved altering transaction details and removing Cyrillic characters to evade sanctions checks, with most funds ultimately flowing to Chinese bank accounts. UK regulators have warned that this case exposes critical gaps in periodic compliance checks, urging continuous monitoring of international payment networks.

via Financial Times|

#a7 #global-finance #money-laundering

crime16 days ago•61 min saved

Italian Police Uncover $3.6 Million in Cash Concealed Within Apartment Walls and Furniture

Italian law enforcement discovered approximately $3.6 million in physical currency hidden inside the walls, floors, and furniture of a residential apartment. The seizure highlights ongoing efforts to combat illicit financial activities through physical asset recovery. No specific suspects or charges have been detailed in the available reporting.

via Yahoo|

#cash-seizure #crime #investigation

world17 days ago•2 min saved

Leaked Files Expose Hidden Owners Behind Curaçao’s Global Online Casinos

A Berlin-based hacker breached the Curaçao Gaming Authority’s licensing system and obtained tens of thousands of confidential documents detailing the true ownership of hundreds of Curaçao-registered online casinos. The files show licences granted without verifying who actually runs the sites, exposing widespread use of anonymous owner structures (letterbox companies). Curaçao has become a hub for thousands of gambling sites, raising concerns about money laundering and regulatory evasion; the findings, published as Casino Secrets with international partners, underscore the global reach and opacity of these operators.

via Follow the Money - Platform for investigative journalism|

#curacao #gambling #letterbox-companies

world23 days ago•0 min saved

Saab pleads guilty to money laundering in US, cooperation could implicate Maduro

Alex Saab, a former Venezuelan official and ally of Nicolás Maduro, pleaded guilty in a US court to money laundering, agreeing to forfeit $195 million and to fully cooperate with prosecutors; he could face up to 20 years in prison. The plea comes as Maduro and his wife Cilia Flores face trial in New York on weapon and drug charges, with Saab’s cooperation potentially signaling testimony against Maduro. Saab was extradited to the US in May by Venezuela's acting president Delcy Rodríguez, and prosecutors allege he embezzled funds from a welfare program and routed proceeds to US bank accounts amid Venezuela's ongoing crisis.

via BBC|

#alex-saab #maduro #money-laundering

world24 days ago•132 min saved

Saab pleads guilty in U.S. money-laundering case tied to Maduro regime

Alex Saab, a longtime Maduro ally, pleaded guilty in a U.S. money-laundering case. Prosecutors say Saab acted as Maduro’s bag man, receiving payments in oil, gold and other resources. Saab told the court he takes daily medications for PTSD from his 2020 arrest, and he could be called as a witness against Maduro in related Manhattan drug prosecutions as U.S. sanctions push Venezuela’s dealings into new channels.

via apnews.com|

#alex-saab #maduro #money-laundering

world24 days ago•129 min saved

Maduro ally Saab expected to plead guilty in U.S. money-laundering case

Alex Saab, a longtime Maduro ally, is set to plead guilty in a U.S. federal money‑laundering case. Prosecutors say Saab and associates used shell companies to bribe Maduro-era officials who controlled contracts tied to Venezuela’s CLAP program, steering billions in oil revenue and procurement deals away from Western banks. The investigation also touched internal politics, with Rodríguez distancing herself from Saab by removing him from her Cabinet and severing his ties to foreign investment conduits.

via AP News|

#corruption #maduro #money-laundering

world25 days ago•208 min saved

Singapore auctions billions in seized luxury assets after major laundering bust

Singapore is auctioning off hundreds of seized luxury items—including Hermès, Cartier and Louis Vuitton pieces—along with cars, watches, Bearbricks, cash and real estate, from a multi‑billion‑dollar money‑laundering investigation that involved hundreds of officers. The assets, valued at over S$3 billion (about $2.4 billion), are being sold across 15 online and in‑person auctions to avoid flooding the market, with proceeds going to Singapore’s treasury. Deloitte is liquidating real estate while Hotlotz runs the auctions from Singapore’s high‑security Freeport; bidders worldwide can participate. Ten Chinese nationals were convicted; 17 suspects remain overseas, with many assets surrendered in exchange for Interpol notices being withdrawn.

via CNN|

#auctions #freeport #luxury-goods

world1 month ago•3 min saved

Romania indicts Andrew Tate on trafficking minors and money laundering

Romanian prosecutors charged Andrew Tate and his brother Tristan with trafficking minors, sex with a minor, and money laundering, accusing them of recruiting victims with false relationship claims, coercing a 15-year-old to produce explicit content for a webcam business, and diverting about $1.25 million through luxury car purchases. The indictment follows a UK extradition request and Tate’s July arrest in the US, but it’s unclear if Romania will pursue extradition; the case is moving through Romania's preliminary court process and has faced earlier evidentiary setbacks.

via Al Jazeera|

#andrew-tate #extradition #minors

world1 month ago•3 min saved

Romania Indicts Tate Brothers Over Minor Trafficking and Money Laundering

Romanian prosecutors have indicted Andrew Tate and his brother Tristan on trafficking minors, sex with a minor, and money laundering, alleging a 15-year-old girl was recruited in England and exploited via a Romanian webcam business, with more than $1.2 million tied to the scheme; the case follows their 2022 arrest and ongoing extradition battles, while both deny the allegations.

via NBC News|

#andrew-tate #diicot #money-laundering

world-news1 month ago•25 min saved

Romanian prosecutors indict Andrew Tate on minor trafficking and money-laundering charges

Romanian prosecutors indicted Andrew Tate on trafficking of a minor and money-laundering charges, alleging he recruited a 15-year-old girl for sexual exploitation in the UK and Romania between 2012 and 2021; Tristan Tate is charged as an accomplice. The brothers, detained in Miami while fighting extradition to Britain, are accused of earning about $1.25 million from the alleged crimes, and authorities seek to confiscate luxury cars linked to the case. Tate has denied the allegations and the case is part of ongoing proceedings in Romania and abroad.

via New York Post|

#andrew-tate #money-laundering #romania

politics1 month ago•3 min saved

Mass. state representative indicted over COVID relief funds scheme

Massachusetts State Rep. Francisco Paulino was indicted on eight wire-fraud counts and three unlawful-monetary-transaction counts for allegedly siphoning more than $700,000 in COVID-19 relief through his Madison Tax and Madison Mortgage businesses. His passport was seized, he pleaded not guilty, and authorities say the scheme involved unemployment claims and Economic Injury Disaster Loans; potential penalties could reach decades in prison per count if convicted.

via WCVB|

#covid-relief #indictment #money-laundering

world1 month ago•3 min saved

Global cybercrime crackdown nets dozens of arrests across 22 countries

An international operation (Operation Jackal IV) led to 58 arrests and 263 identified suspects across 22 countries, targeting West African cybercrime networks like the Black Axe syndicate and crimes such as romance scams, crypto fraud, and business email compromise, with authorities also citing related actions (Red Card 2.0 and First Light 2026) that yielded hundreds more arrests and multimillion-dollar seizures.

via BleepingComputer|

#cybercrime #interpol #money-laundering

world1 month ago•1 min saved

Liberia charges ex-VP Jewel Howard-Taylor in drug-trafficking probe

Liberia's justice ministry has charged former Vice President Jewel Howard-Taylor with drug trafficking and money laundering after detaining her at Roberts International Airport; prosecutors say she illegally imported, sold and transported controlled drugs and helped facilitate trafficking, as part of a crackdown on transnational drug networks, with three foreign nationals charged in absentia as part of the same case.

via BBC|

#drug-trafficking #jewel-howard-taylor #justice-ministry