Topic
moneylaundering
9 stories, newest first.
Politics · Middle EastUAE Central Bank Bans Financial Transactions with Iran's Bank Melli
The UAE Central Bank has imposed sanctions on all branches of Bank Melli Iran operating within the country. The sanctions prohibit all financial transactions with Iran, including trade finance and transfers, due to non-compliance with UAE regulations.
Middle East3 min readTrust 42 · Craft 57 · Hype 20
Business & Economy · Middle EastUS seeks $61 million in crypto linked to Iran oil sales
US prosecutors are seeking to forfeit over $61 million in cryptocurrency allegedly linked to illicit Iranian oil sales. The funds were allegedly laundered through Binance accounts by two Chinese companies and intended to finance Iran's government, military, and the IRGC.
Middle East3 min readTrust 42 · Craft 57 · Hype 41
Politics · Latin AmericaAlex Saab to plead guilty in US money laundering case
Alex Saab, an ally of Venezuelan President Nicolás Maduro, is expected to plead guilty in a US federal money laundering case. He is accused of bribing officials to win contracts for food imports during a period of hardship in Venezuela.
Latin America3 min readTrust 42 · Craft 61 · Hype 20
Conflict & Security · Asia-PacificUS seizes crypto tied to Chinese scam marketplace Xinbi
The Justice Department and Treasury Department have taken action against Xinbi Guarantee, a Chinese-language marketplace operating on Telegram. Authorities seized Telegram channels and cryptocurrency wallets tied to the platform, which allegedly served as an escrow service for online scam centers.
Asia-Pacific3 min readTrust 60 · Craft 65 · Hype 45- Politics · United States
Sheryl Williams Stapleton pleads guilty to fraud and money laundering
Former New Mexico lawmaker Sheryl Williams Stapleton pleaded guilty to state fraud and money laundering charges. The plea agreement follows her federal conviction on similar charges and includes a 10 1/2-year prison sentence and over $1.8 million in restitution.
United States2 min readTrust 60 · Craft 65 · Hype 10 - Politics · United States
Massachusetts Rep. Paulino Arrested on Fraud Charges
Massachusetts State Representative Francisco Paulino has been arrested and charged with 11 counts of fraud and money laundering. He is accused of orchestrating a scheme to obtain over $700,000 in federal pandemic relief funds, allegedly using some for personal expenses and campaign contributions.
United States2 min readTrust 42 · Craft 60 · Hype 61 
Conflict & Security · Middle EastCambodia and US agencies seize $7 million in crypto linked to Sinaloa Cartel
Cambodian and U.S. anti-drug agencies have dismantled a cryptocurrency money laundering network tied to Mexico's Sinaloa Cartel. The operation resulted in the seizure of approximately $7 million in cryptocurrency, along with significant quantities of illegal drugs and precursor chemicals.
Middle East3 min readTrust 60 · Craft 60 · Hype 20
Conflict & Security · United StatesLuis Alberto Osorio pleaded guilty to trafficking 140 firearms to Mexican cartels
Luis Alberto Osorio, an Elko resident, pleaded guilty to purchasing 140 firearms, including military-style rifles, for Mexican drug cartels. The case, part of a Homeland Security Task Force initiative, involves charges of trafficking, money laundering, and employing undocumented workers. Sentencing is scheduled for February.
United States4 min readTrust 74 · Craft 95 · Hype 15
Business & Economy · United StatesTrump sued Capital One after bank closed accounts over money-laundering fears
Capital One closed bank accounts held by Donald Trump in 2021 after flagging financial activity linked to money-laundering risks, the bank disclosed in a court filing. Trump’s holding company sued, alleging political motives, but Capital One denied the claim.
United States4 min read
