Man convicted in Texas of laundering drug cartel money through Oklahoma racehorse operation
(9 days ago)
India's finance minister said that the ministry and banking regulator Reserve Bank of India are investigating the money laundering allegations made against three private-sector banks.
(2 months and 3 days ago)
An undercover sting investigation across India has shown up startling videos of bank executives of three leading private banks providing ready assistance to a reporter, posing as a minister's aide, for laundering black money into white.
(2 months and 6 days ago)
KANSAS CITY, Kan. — A 66-year-old Missouri lawyer has been sentenced to five years in federal prison after he was caught in an undercover sting conspiring to launder drug money. The U.S. Attorney’s Office for Kansas said in a release Monday that Ronald E. Partee of Kansas City, Mo., pleaded guilty earlier to one count of conspiracy to commit money laundering and one count of...
(19 days ago)
Experts estimate tens of billions of dollars are laundered in Hong Kong every year, much of it crime-related or drug-related money funneled from China or the gambling haven of Macau. The NYT reports.
(1 month and 9 days ago)
HSBC paid nearly $2B in 2012 to settle a money-laundering case brought by U.S. officials that dealt with illicit drug money from Mexico
(2 months and 17 days ago)
Today, a Senate Banking Committee hearing will examine the extent, causes, and consequences of banks' failure to adhere to anti-money laundering laws, and the laxity of regulators who are meant to keep the banks in line. The hearing -- entitled "Patterns of Abuse: Assessing Bank Secrecy Act Compliance and Enforcement" -- follows a string of banking scandals that have raised...
(2 months and 13 days ago)
India’s banking sector was at the centre of a growing money-laundering scandal last night after Delhi ordered the suspension of...
(10 days ago)
The sense of relief among the political class because of Cobrapost's investigation focusing on money laundering by banks may be short lived as the next edition of its expose could be about a few politicians who are allegedly into money laundering.
(2 months and 6 days ago)
Standard Chartered Bank violated money-laundering laws. The fifth-largest British bank, and 41st largest in the world, laundered an awful lot of money (at least $250 billion, to be precise). On Dec. 10, 2012, the U.S. government penalized it with a $327 million fine -- a paltry amount, considering the societal consequences of the crime and the zeal with which the government...
(1 month and 20 days ago)
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