The Treasury Department's Financial Crimes Enforcement Network (FinCEN) imposed a $1 million civil penalty against the former chief compliance officer for MoneyGram International Inc.
Entries in money laundering (79)
A former top executive of Bechtel Corporation pleaded guilty Thursday for taking $5.2 million in kickbacks to rig bids for state-run power contracts in Egypt.
Last week, the UK’s Fianncial Conduct Authority published thematic financial crime risk reviews into 21 small banks and ten commercial insurance intermediaries. It also commenced a consultation exercise on its proposed guidance on financial crime systems and controls.
Brazilian police arrested 18 people Friday including a former engineering director as part of a corruption probe into state owned oil giant Petrobras.
Thailand's attorney general and the top anti-corruption agency have jointly agreed to indict former Tourism Authority of Thailand governor Juthamas Siriwan for taking bribes in connection with the Bangkok Film Festival.
Police are investigating an alleged money laundering operation at Cash for Gift Card stores in Denver, Colorado Springs and Pueblo.
The Treasury Department’s Financial Crimes Enforcement Network imposed new financial reporting rules on 2,000 businesses Thursday in the fashion district of Los Angeles after a massive raid last month uncovered a suspected widespread money laundering operation working for Mexican drug gangs.
A former top official from the Mexican state of Coahuila pleaded guilty in Texas last week to federal money laundering charges.
An American investment advisor based in the Cayman Islands was sentenced by a federal court in Virginia Friday to 30 months in prison for a money-laundering conspiracy, the DOJ and Internal Revenue Service (IRS) said.