Tag #Money Laundering

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foxnews.com

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May 31, 04:08

Utah Family Charged with Supporting Mexican Cartel Designated as Terrorist Organization

Two Utah family members were arrested and charged with conspiring to support the Jalisco New Generation cartel, a designated terrorist organization, through an alleged oil smuggling operation in Rio Hondo, Texas, resulting in the seizure of multiple assets.

Utah Family Charged with Supporting Mexican Cartel Designated as Terrorist Organization

Two Utah family members were arrested and charged with conspiring to support the Jalisco New Generation cartel, a designated terrorist organization, through an alleged oil smuggling operation in Rio Hondo, Texas, resulting in the seizure of multiple assets.

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What is the immediate impact of the charges against the Jensen brothers on the Jalisco New Generation cartel's operations and funding?

Two Utah residents, Maxwell Sterling Jensen (25) and James Lael Jensen (68), were charged with supporting the Jalisco New Generation cartel, a designated terrorist organization. Their alleged crimes include conspiring to conceal the source of funds from illegal crude oil smuggling and aiding in the fraudulent entry of 2,881 oil shipments. Authorities seized assets including tank barges, trucks, and vehicles.

foxnews.com

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May 30, 01:12

DHS Busts Armenian Fraud Ring, Recovers $30 Million in Stolen COVID Relief Funds

The Department of Homeland Security arrested fourteen members of an Armenian fraud ring in Los Angeles for stealing approximately $30 million in COVID relief and Small Business Administration loans; the raid involved multiple agencies, and at least one suspect faces deportation.

DHS Busts Armenian Fraud Ring, Recovers $30 Million in Stolen COVID Relief Funds

The Department of Homeland Security arrested fourteen members of an Armenian fraud ring in Los Angeles for stealing approximately $30 million in COVID relief and Small Business Administration loans; the raid involved multiple agencies, and at least one suspect faces deportation.

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What is the immediate impact of the DHS raid on the individuals involved and the flow of illicit funds?

In a second consecutive week of early-morning raids, the Department of Homeland Security (DHS) arrested fourteen members of an Armenian fraud ring in Los Angeles. This group allegedly stole $30 million in COVID relief and Small Business Administration loans. One suspect, William McGrayan, is described as the ringleader and faces potential deportation.

pda.kp.ru

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May 27, 04:10

International Meeting in Moscow Addresses Transnational Financial Crimes

Financial intelligence representatives from over 15 countries met in Moscow from May 26-30, 2025 for the 42nd Eurasian Group plenary week to discuss anti-money laundering, counter-terrorism financing, and cybersecurity threats, with a focus on improving regional cooperation and sharing best practice...

International Meeting in Moscow Addresses Transnational Financial Crimes

Financial intelligence representatives from over 15 countries met in Moscow from May 26-30, 2025 for the 42nd Eurasian Group plenary week to discuss anti-money laundering, counter-terrorism financing, and cybersecurity threats, with a focus on improving regional cooperation and sharing best practice...

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What specific actions are being taken to improve international cooperation in combating transnational financial crimes?

Representatives from 15+ countries convened in Moscow for the 42nd Eurasian Group (EAG) plenary week (May 26-30, 2025) to discuss combating transnational crime, including cybersecurity threats. Over 200 financial intelligence specialists from nearly 20 countries and observers from two dozen international organizations participated. A key event was the plenary session with Russian government representatives.

t24.com.tr

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May 26, 16:12

Syrian Man Accused of ISIS Financing Released in Turkey

A Syrian national, Imad Machnouk, accused of using his tourism and jewelry businesses to funnel money for ISIS between Turkey and Syria, was released from pre-trial detention on May 12th in Istanbul after posting a \$500,000 surety and applying for Turkish citizenship; his release comes two months a...

Syrian Man Accused of ISIS Financing Released in Turkey

A Syrian national, Imad Machnouk, accused of using his tourism and jewelry businesses to funnel money for ISIS between Turkey and Syria, was released from pre-trial detention on May 12th in Istanbul after posting a \$500,000 surety and applying for Turkish citizenship; his release comes two months a...

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What are the long-term implications of Machnouk's release for Turkey's efforts to combat terrorism financing, and what improvements are needed in anti-money laundering strategies?

The case underscores the complexities of combating terrorism financing, particularly through informal channels like the Hawala system. Machnouk's release, despite evidence of significant suspicious financial activity through his companies, raises questions about the effectiveness of current anti-money laundering measures and their application in cases involving international actors and politically sensitive situations. Future investigations and prosecutions should enhance surveillance of Hawala systems and strengthen international collaboration.

cbsnews.com

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May 24, 01:11

Texas Residents Indicted in Multi-Year Visa Fraud Scheme

Two Texas residents, a law firm, and a business entity were indicted for allegedly orchestrating a multi-year visa fraud scheme, exploiting EB-2, EB-3, and H-1B programs to help non-citizens unlawfully enter and remain in the U.S. for financial gain, according to federal prosecutors.

Texas Residents Indicted in Multi-Year Visa Fraud Scheme

Two Texas residents, a law firm, and a business entity were indicted for allegedly orchestrating a multi-year visa fraud scheme, exploiting EB-2, EB-3, and H-1B programs to help non-citizens unlawfully enter and remain in the U.S. for financial gain, according to federal prosecutors.

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What is the key impact of this alleged visa fraud scheme on the integrity of the U.S. immigration system?

Two Texas residents, Abdul Hadi Murshid and Muhammad Salman Nasir, along with a law firm and business entity, were indicted for a multi-year visa fraud scheme. They allegedly exploited EB-2, EB-3, and H-1B visa programs by creating fake jobs and submitting false applications to help non-citizens unlawfully enter the U.S. This resulted in the fraudulent obtaining of labor certifications and visas.

abcnews.go.com

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May 18, 07:09

Brazilian Crime Boss Arrested in Bolivia

Brazilian and Bolivian police arrested Marcos Roberto de Almeida, a leader of Brazil's First Capital Command (PCC) criminal organization, in Bolivia on Friday after he was found using a false identity document; Almeida had been on the run since 2020 after being sentenced to 12 years in prison for dr...

Brazilian Crime Boss Arrested in Bolivia

Brazilian and Bolivian police arrested Marcos Roberto de Almeida, a leader of Brazil's First Capital Command (PCC) criminal organization, in Bolivia on Friday after he was found using a false identity document; Almeida had been on the run since 2020 after being sentenced to 12 years in prison for dr...

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How did Bolivian authorities identify and apprehend Marcos Roberto de Almeida?

Almeida's arrest highlights the international reach of Brazil's PCC criminal organization and the effectiveness of international collaboration in combating organized crime. His use of a false identity document underscores the lengths criminals will go to evade capture. The operation demonstrates successful cooperation between Brazilian, Bolivian, and Interpol authorities.

foxnews.com

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May 30, 10:11

DHS Nets 14 in LA Fraud Ring Bust

Following last week's similar operation, the Department of Homeland Security conducted a raid in Los Angeles, arresting fourteen members of an Armenian fraud ring for stealing approximately $30 million in COVID relief and Small Business Administration loans; at least one suspect faces deportation.

DHS Nets 14 in LA Fraud Ring Bust

Following last week's similar operation, the Department of Homeland Security conducted a raid in Los Angeles, arresting fourteen members of an Armenian fraud ring for stealing approximately $30 million in COVID relief and Small Business Administration loans; at least one suspect faces deportation.

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How did the Armenian fraud ring utilize fraudulent documents and shell companies to facilitate their scheme?

This operation, involving multiple agencies including the IRS and SBA, highlights the ongoing efforts to combat transnational organized crime exploiting U.S. government programs. The suspects used fraudulent documents to create shell companies and obtain the funds, some of which was spent on luxury goods or sent to Armenia.

lexpress.fr

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May 28, 22:12

Corsican Crime Syndicate Receives €10 Million in Fines, Multiple Prison Sentences

A Corsican criminal group, led by Jacques Santoni, was convicted for money laundering in the "Email Diamant" case, receiving nearly €10 million in fines and sentences up to 13 years in prison; the court highlighted the group's lavish lifestyle and illicit funds.

Corsican Crime Syndicate Receives €10 Million in Fines, Multiple Prison Sentences

A Corsican criminal group, led by Jacques Santoni, was convicted for money laundering in the "Email Diamant" case, receiving nearly €10 million in fines and sentences up to 13 years in prison; the court highlighted the group's lavish lifestyle and illicit funds.

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How did the court's decision address the differing views presented by the prosecution and the defense, and what specific evidence supported the convictions?

The court's decision highlights the group's lavish lifestyle, which was deemed incompatible with their declared income, thus proving the existence of hidden funds. The convictions connect to broader concerns about organized crime's influence on Corsican economy and politics.

bbc.com

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May 27, 16:11

Israel Raids West Bank Businesses, Seizes $2 Million in Anti-Terror Operation

Israeli authorities conducted a large-scale security operation on May 27, 2025, targeting money exchange businesses in the West Bank, arresting suspects and seizing over $2 million, allegedly to disrupt Iranian funding of "terrorist" organizations.

Israel Raids West Bank Businesses, Seizes $2 Million in Anti-Terror Operation

Israeli authorities conducted a large-scale security operation on May 27, 2025, targeting money exchange businesses in the West Bank, arresting suspects and seizing over $2 million, allegedly to disrupt Iranian funding of "terrorist" organizations.

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How does this operation relate to broader efforts to counter "terrorist financing" and Iranian influence in the region?

This operation is part of intensified Israeli efforts to counter what they term "terrorist financing", escalating since the outbreak of the Gaza war. Israeli forces raided multiple cities, from Hebron to Jenin, arresting suspects and seizing significant sums of money from exchange shops within shopping centers. The operation involved elements from the Judea and Samaria Division, police, border guards, and the civil administration under the supervision of the Shin Bet.

dailymail.co.uk

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May 25, 16:11

Albanian Gangs' 'Sell the Work' Tactic Hinders UK Cocaine Trade Crackdown

Albanian drug gangs dominate the UK cocaine trade, using a 'sell cheap and sell more' strategy and a practice called 'selling the work' to replace arrested members, resulting in hundreds of millions of pounds being laundered back to Albania each year.

Albanian Gangs' 'Sell the Work' Tactic Hinders UK Cocaine Trade Crackdown

Albanian drug gangs dominate the UK cocaine trade, using a 'sell cheap and sell more' strategy and a practice called 'selling the work' to replace arrested members, resulting in hundreds of millions of pounds being laundered back to Albania each year.

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How does the financial flow from the UK cocaine trade back to Albania contribute to the gangs' sustainability and influence?

The systemic impact of Albanian organized crime is evident in their rapid adaptation to law enforcement efforts. Despite hundreds of arrests and convictions since 2005 by the NCA and Scotland Yard, new Albanian gangs continually emerge, fueled by the 'selling the work' tactic and the flow of hundreds of millions of pounds back to Albania, partly through methods such as bureau de change.

elpais.com

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May 18, 10:08

U.S.-Mexico Collaboration to Combat Drug Cartel Finances

The U.S. Treasury Department is working with Mexican banking authorities to enhance anti-money laundering efforts following the designation of six Mexican drug cartels as terrorist organizations, leading to asset freezes and increased scrutiny of financial flows.

U.S.-Mexico Collaboration to Combat Drug Cartel Finances

The U.S. Treasury Department is working with Mexican banking authorities to enhance anti-money laundering efforts following the designation of six Mexican drug cartels as terrorist organizations, leading to asset freezes and increased scrutiny of financial flows.

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How are Mexican drug cartels financing their operations, and what are the broader economic consequences?

This collaboration is occurring amidst heightened tensions between the U.S. and Mexico, fueled by ongoing drug cartel activity and trade disputes. The U.S. has already imposed financial sanctions on several individuals and entities linked to Mexican cartels, seizing millions of dollars in cash. This increased scrutiny aims to disrupt the cartels' financial networks.

lemonde.fr

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May 16, 19:13

Telegram Shuts Down Major Cryptocurrency Laundering Network

Telegram's shutdown of thousands of channels linked to the Cambodian group Haowang Guarantee, a branch of the Huione Group accused by the US Treasury of laundering nearly $4 billion, highlights the fight against cryptocurrency-related crime. Elliptic estimates Haowang Guarantee alone laundered $27 b...

Telegram Shuts Down Major Cryptocurrency Laundering Network

Telegram's shutdown of thousands of channels linked to the Cambodian group Haowang Guarantee, a branch of the Huione Group accused by the US Treasury of laundering nearly $4 billion, highlights the fight against cryptocurrency-related crime. Elliptic estimates Haowang Guarantee alone laundered $27 b...

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What is the immediate impact of Telegram's shutdown of Haowang Guarantee's channels on cryptocurrency-related crime?

Telegram has shut down thousands of channels linked to the Cambodian group Haowang Guarantee, a major branch of the Huione Group, effectively ceasing its operations. This follows an investigation by Wired and Elliptic, revealing the group's role in laundering nearly $27 billion in cryptocurrency. The US Treasury also launched actions against Huione Group, alleging involvement in laundering approximately $4 billion in illicit funds.

Showing 109 to 120 of 286 results