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Money Laundering

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PUTRAJAYA, Malaysia (AP) — Malaysia’s Appeal Court on Wednesday upheld the conviction and 12-year jail sentence of ex-Prime Minister Najib Razak linked to the massive looting of the 1MDB state investment fund that brought down his government in 2018.

GENEVA (AP) — Switzerland's financial markets watchdog on Thursday said it has reprimanded and set restrictions on two Swiss banks for violating their obligation to fight money laundering in connection with clients in Venezuela, notably with links to state-run oil giant PDVSA.

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MIAMI (AP) — A businessman accused of siphoning off millions in state contracts from Venezuela met secretly with U.S. law enforcement to provide intelligence against Nicolás Maduro’s government prior to being charged in 2019 with money laundering, according to new filings in a related case against a disgraced University of Miami professor.

MADRID (AP) — Spain’s National Court decided Wednesday to extradite the former security chief of late Venezuelan president Hugo Chávez to the United States to face charges of money laundering and belonging to a criminal organization involved in bribes of hundreds of millions of dollars.

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