Singapore has confiscated more than $4 billion in assets tied to criminal and money laundering activities over the past five years.
Tags: Money laundering
Los Angeles Man Sentenced to 4 Years in Prison for Laundering Over $15 Million for Drug Traffickers
A Los Angeles man was sentenced to four years in prison for his role in laundering over $15.5 million for international drug traffickers.
Spain, France Arrest 5 Members of Chinese Money Laundering Gang That Smuggle Over 1 Million Euros a Day
French and Spanish authorities have arrested five members of a suspected Chinese money laundering network in Spain this week.
Brazil's Former President Jair Bolsonaro Indicted in Money Laundering: Report
Brazil's former president Jair Bolsonaro was indicted by the country's Federal Police for alleged money laundering and criminal association.
Philadelphia Woman Charged for Stealing COVID-19 Relief Funds From Florida to Pay for Brazilian Butt Lift
A Philadelphia woman was charged for allegedly stealing COVID-19 relief funds intended for a Florida city to pay for a cosmetic procedure known as a Brazilian butt lift.
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Two New York pharmacy owners have been sentenced for orchestrating a money laundering scheme involving fraudulent Medicare filings.
Chinese "underground bankers" reportedly helped Mexico's Sinaloa Cartel launder over $50 million from drug trafficking, according to the US Justice Department.
The US DOJ alleged that the Mexican Sinaloa Cartel collaborated with wealthy Chinese nationals in California to launder up to $50 million from drug trafficking.
Russian billionaire Alisher Usmanov has filed a lawsuit against a German unit of UBS Group AG over anti-money laundering reports that triggered a criminal investigation of him.
Su Jianfeng, involved in Singapore’s largest money laundering case, pleaded guilty, and his sentencing was postponed to Monday. He and his wife agreed to forfeit 95% of seized assets worth $138 million.
Canada's financial watchdog has slapped Binance with a fine of nearly $4.38 million for violating anti-money laundering and terrorist financing laws.
Binance founder and former CEO Changpeng Zhao has publicly apologized for his past actions and "poor decisions" ahead of his sentencing.
The Biden administration wants to require investment advisers to detect and report suspected money laundering to the government.
Bitcoin money launderer Ian Freeman has been ordered to pay over $3.5 million in restitution to 29 primarily elderly victims.
