money laundering

Lawrence Mayor Brian DePena was charged with wire fraud and money laundering for allegedly obtaining a $1.5 million COVID-19 small-business loan intended for his tire sales business. Prosecutors accuse DePena of using the funds instead to pay off high-interest mortgages, personal taxes, and to fund his mayoral campaign ahead of the 2021 election. The charges stem from accusations that he misappropriated government funds meant to support businesses during the pandemic.

A person was scammed by fraudsters impersonating the FBI and a New York prosecutor, who convinced them of a money laundering investigation. Coworkers intervened by researching the scam, leading the victim to secure their bank accounts, freeze credit, and contact authorities. The scammers continued calling after the victim alerted them to involve a defense attorney.

The Karnataka High Court ruled that the Enforcement Directorate's (ED) search and seizure operations cannot be treated as independent civil actions. The court emphasized that the ED's jurisdiction is tied to criminal proceedings, and property attachment is a tool to aid prosecution in money laundering cases.

Capital One closed President Donald Trump's bank accounts in 2021 due to financial activity flagged for potential money laundering. Trump's financial holding company sued Capital One, alleging illegal account closures for political reasons after the Jan. 6 Capitol attack. The bank denied political motives, stating the closures followed anti-money laundering policies.

Capital One closed Trump Organization accounts following a money laundering review. The closures resulted from months of analysis by Capital One’s anti-money laundering team in accordance with bank policies and regulatory guidance.

UBS was fined $125 million for repeated money laundering failures, marking the largest penalty under the Bank Secrecy Act for a broker-dealer. This is the second enforcement action by FinCEN against the firm.

Capital One closed US President Donald Trump's bank accounts in 2021 due to flagged financial activity resembling money laundering, as disclosed in a court filing. The filing relates to a lawsuit by one of Trump's financial holding companies against Capital One, with Trump alleging the closures were politically motivated following the January 6 attacks.

A federal judge revoked the bail of Luke Brugnara, a real estate investor, after he evaded a bench warrant and threatened to shoot people at Thornton State Beach. Brugnara faces charges of wire fraud and money laundering related to a pandemic-era fraud scheme and was recently arrested for firearm possession and making shooting threats.

Capital One closed President Donald Trump's bank accounts in 2021 due to concerns over potential money laundering, according to a court filing. Trump's financial holding company sued Capital One, alleging illegal account closures for political reasons, while the bank claims the closures followed anti-money laundering policies. JPMorgan Chase is also named in a separate lawsuit seeking $5 billion, with both banks denying political motivations for terminating Trump-related accounts.

Capital One closed President Donald Trump's bank accounts in 2021 due to financial activity flagged as potentially involving money laundering, according to a court filing. Trump's financial holding company sued Capital One, alleging the closures were politically motivated following the Jan. 6 Capitol attacks. The bank denies political intent, stating the closures followed anti-money laundering policies. A separate lawsuit against JPMorgan Chase seeks $5 billion, with both banks denying political reasons for ending their relationships with Trump and his businesses.

A cyberattack accessed data of 31,000 people in Liechtenstein's register of economic beneficiaries, which tracks individuals behind companies and foundations. The breach occurred overnight from Wednesday to Thursday, the system was secured and taken offline, with no evidence of data alteration or deletion. The government established a crisis unit to investigate the attack, which targets a database critical to combating money laundering and terror financing.

A cyberattack breached Liechtenstein's register of economic beneficiaries, accessing data of 31,000 people. The government secured the system, found no data altered or deleted, and established a crisis unit to investigate.

Capital One Financial closed over 300 Trump-affiliated bank accounts in 2021 following an anti-money laundering review. The Trump Organization's lawyers claimed the closures were politically motivated. The disclosure is the first time a bank has formally linked money laundering concerns to the Trump family business.

Researchers from China’s national police academy developed an AI algorithm with 90% accuracy to detect illicit cryptocurrency transactions, according to a study published in the Journal of Intelligence. The framework aims to combat money laundering through pseudonymous and cross-border crypto transactions.

Peru’s ex-president Humala has been released after his conviction was overturned. He and his wife were previously sentenced to 15 years for money laundering.

Peru's ex-president Ollanta Humala's 15-year jail sentence for money laundering and corruption charges was overturned. The conviction, alongside his wife, occurred in 2025.

The article examines the legal penalties for Uche Nnaji's alleged forgery and money laundering charges, stating he could face 47 to 57 years in prison if convicted. The analysis is based on Nigerian laws outlined in a six-count charge.

David Taylor, Michelle Brannon, and Kathleen Klein are accused of leading a forced labor conspiracy through the Kingdom of God Global Church, exploiting victims in call centers with abuse, threats, and control over their lives. A superseding indictment revealed new details, including alleged sexual abuse and coercive text messages demanding explicit images from women.

A scam began with a call from Wells Fargo about a fraudulent $3k charge for guns. The scammer directed the victim to a fake police station, falsely accused them of money laundering linked to child kidnapping and sex trafficking, and required daily check-ins via Webex. The scam was uncovered when a prosecutor could not provide her office address.

A court reduced the N2 billion bail bond for the Miyetti Allah leader in a money laundering trial. The original bail conditions required a surety with three years' tax clearance in Abuja and a property worth N2 billion in the Nigerian capital.

The Enforcement Directorate (ED) conducted raids in Hyderabad and Chennai as part of a ketamine trafficking and money laundering case, seizing ₹82.82 lakh in cash and $18,000.

Terrance Edward Brown, 44, was sentenced to an additional 18 years and 8 months in prison for leading a drug trafficking conspiracy while incarcerated. He was convicted of conspiracy to manufacture, distribute, and possess drugs including cocaine, fentanyl, para-fluorofentanyl, and heroin, as well as conspiracy to launder money.

Ex-Chairman of Chhattisgarh Public Service Commission, Taman Singh Sonwani, arrested in money laundering case related to recruitment scam. Allegedly conspired to leak question papers and manipulate selection process for illegal gratification, leading to relatives and influential persons being selected for senior posts.

A South Florida woman captured in Jamaica after fleeing was charged with conspiracy to commit wire fraud and money laundering related to a scheme that fraudulently obtained over $32 million in federal COVID-19 relief funds. The FBI's West Palm Beach agency is investigating.

North Korea has arrested hackers accused of laundering stolen funds from the country's bank using cryptocurrency. The case involves criminal activity related to financial crimes and digital currency.

A UK-based user reports a scam involving Kontoor where they were repeatedly charged to post five-star reviews, resulting in over £700 in losses and a current demand for £2000 to continue. The scam allegedly involves a system that stops due to 'insufficient funds,' requiring further deposits with no guarantee of refund.

The U.S. Treasury Department sanctioned two Mexican tequila and agave companies linked to the Jalisco New Generation Cartel, revealing a scheme that laundered tens of millions of dollars annually through the spirits industry.

Indonesia's top graft prosecutor was arrested on suspicion of money laundering. Police raids uncovered $26 million worth of gold bars and cash at a house he owns.

A scammer using an AI-generated voice from a verified CITI number alerted the victim about a suspicious firearms purchase charge, directed them to contact NYPD, and then claimed the victim was flagged for money laundering. The scammer extracted personal information from the victim, which was later confirmed as fraudulent.

John Griffith, Nike's head of Global Brand Marketing, and Brad Mosher are accused of stealing over $1 million from Nike through a kickback scheme involving inflated billing by Mosher's music licensing consultancy and a shell company. The alleged scheme, which ran from June 2020 to December 2022, involved 24 felony counts each, including racketeering and money laundering.

An Austin man was sentenced for wire fraud and money laundering related to a $1M scheme. The sentencing occurred on Wednesday, as part of a legal case involving financial crimes.

Yongxin Lin was arrested in Weddington for identity theft, money laundering, and possession of fraudulent identification after being found with nine IDs and three cellphones. Authorities allege he opened business accounts across North Carolina using multiple IDs, five of which belonged to real individuals.

Two Israeli banks plan to stop collaborating with Palestinian banks due to risks of terrorism financing and money laundering, raising concerns about a potential Palestinian economic crisis. Israeli officials cited these risks as the reason for the decision.

Xiao Rui, 37, was sentenced to six years and nine months in prison for money laundering and deception related to securing Hong Kong residency and laundering over HK$64 million, including funds tied to a bribe his father allegedly sought. The District Court convicted him on four money laundering counts and one charge of using false instruments between 2013 and 2023.

A user received a scam call claiming they had illegal goods and were involved in money laundering. The scammer used tactics like fake legal threats and impersonated RCMP and Canadian intelligence agencies. The victim refused to cooperate, reported the incident to authorities, and changed bank passwords.

Miami FBI agents accuse Victor Jose Tomassoni, a Venezuelan-Italian civil engineer, of laundering over $550,000 linked to North Korean IT workers evading U.S. sanctions. Prosecutors allege Tomassoni used shell companies to conceal funds from IT workers posing as foreign contractors, with authorities claiming the scheme benefited North Korea's regime.

Pakistan is establishing a crypto investigation unit to combat money laundering. The unit is part of Islamabad's efforts to enforce crypto regulations while licensing exchanges.

A Hong Kong fencer was sentenced to 41 months in prison for laundering HK$10.6 million through five bank accounts between August 4 and 27, 2021. The individual admitted to the crime and stated in mitigation that he opened the accounts to 'make a quick buck'.

A UN report reveals Southeast Asia-based criminal groups are leveraging technology to expand an illicit economy with global reach, causing estimated $88.3–$114.1 billion in scam-related losses by 2025. The report highlights risks to children from AI-generated child sexual abuse content, online gaming, and sex trafficking, alongside growing drug, wildlife, and human trafficking networks in Asia and beyond.

The Enforcement Directorate conducted raids in Bengaluru as part of a money laundering investigation linked to an ISIS radicalization case. The probe focuses on financial aspects of the terror-related activities.