Tag Archives: laundering

US indicts Singaporean for laundering funds for North Korea

US indicts Singaporean for laundering funds for North KoreaUS prosecutors unveiled charges Thursday against a Singapore businessman once lauded as a leading young entrepreneur, alleging he illegally laundered millions of dollars in funds for North Korea. A grand jury indictment charged Tan Wee Beng, 41, with working with several other unnamed actors to move money through the international banking system for North Korean banks between 2011 and 2018, violating international sanctions on North Korea. Separately, the US Treasury slapped sanctions on Tan and two companies he ran — Wee Tiong(S) Pte and WT Marine Pte, both of which did business with North Korea.



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Calls to crack down on Russian elites accused of laundering money through London real estate

Calls to crack down on Russian elites accused of laundering money through London real estateAfter a former Russian spy and his daughter were poisoned in England, officials are looking to get tough on Russian elites close to President Vladimir Putin who are buying up posh London properties.



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Turkish gold trader details money laundering scheme for Iran

Turkish gold trader details money laundering scheme for IranA Turkish-Iranian gold trader described in a U.S. court on Wednesday how he ran a sprawling international money laundering scheme aimed at helping Iran get around U.S. sanctions and spend its oil and gas revenues abroad. Reza Zarrab, who has pleaded guilty and is cooperating with U.S. prosecutors in the criminal trial of a Turkish bank executive, told jurors in federal court in Manhattan that he helped Iran use funds deposited in Turkey’s state-owned Halkbank to buy gold, which was smuggled to Dubai and sold for cash. The testimony, given through Turkish interpreters, came on the second day of the trial of Halkbank executive Mehmet Hakan Atilla, who has pleaded not guilty.



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Howard Dean Expects Jared Kushner To Be Indicted For Money Laundering

Howard Dean Expects Jared Kushner To Be Indicted For Money LaunderingHoward Dean: ‘Jared Kushner will be indicted for money laundering’ and ‘the next step will be Trump family’#TrumpRussia pic.twitter.com/qGIc7SO61r—

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Israel detains diamond magnate in money laundering probe

Israel detains diamond magnate in money laundering probeIsraeli police on Monday detained diamond magnate Beny Steinmetz and four others as part of an international money laundering investigation, authorities said. Tal Silberstein, an adviser to Austrian Chancellor Christian Kern, was also among those detained, as was the acting chairman of Israeli telecommunications firm Bezeq. It was the second time Steinmetz had been detained by Israeli authorities since December, when he was placed under house arrest as part of a corruption probe involving mining deals in the African nation of Guinea.



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Philippines' Duterte says anti-money laundering body to show his bank accounts

Philippines' Duterte says anti-money laundering body to show his bank accountsPhilippine President Rodrigo Duterte said on Friday he had ordered the anti-money laundering council to make public his bank accounts, a day after one of his staunchest critics revived allegations of millions of dollars of hidden assets. At a private dinner with retired military and police officers in Baguio City, Duterte said he was proud to have been made an honorary member of the Philippine Military Academy class of 1967 and added that “I would shame the class” by any involvement in corruption. “I’ve ordered the anti-money laundering council and everybody to give information on what my worth is in this, in terms of pesos on this planet, so I will not shame you,” the firebrand leader said.



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Oklahoma dentist who ran unsafe clinic gets home arrest for money laundering

(Reuters) – A former Oklahoma dentist was sentenced on Thursday to six months’ home confinement for a federal money-laundering charge stemming from complaints his unsanitary practice exposed at least one of his patients to hepatitis and could have exposed thousands to HIV. W. Scott Harrington, who pleaded guilty to fraudulently billing the Medicaid federal healthcare program, also received two years’ probation. Health officials shut down his two Tulsa-area dental clinics in 2013 and he surrendered his license in 2014 after the Oklahoma Dental Board cited Harrington for health and safety violations that put his patients at risk.
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