Pakistan’s largest bank will shutter its only branch in the United States after regulators there announced they were seeking a US$ 630 million fine for failure to follow anti-money laundering measures, Reuters reported Monday.
US authorities are ramping up their money laundering investigations and will be looking into luxury real estate after they found that potentially illicit activity is behind more than 30% of cash purchases, media reported Thursday.
The US Department of Justiceannounced on Tuesday that three men pleaded guilty to illegally trafficking more than 60 alligator snapping turtles from Texas, where the speciesis threatened with statewide extinction.
A federal jury on Friday convicted the former CEO of medical device firm, ArthroCare Corporation, for orchestrating a securities fraud scheme that resulted in shareholder losses of over US$ 750 million, the US Department of Justice said.
A former state lottery worker in Iowa faces up to 25 years in prison for masterminding a multi-state lottery rigging scheme, the Associated Press reported Sunday.
A young man was charged on Friday with smuggling drugs from Mexico to the United States using a drone,authoritiesannounced Friday.
Two former executives of a foreign defense contractor weresentenced Friday for their part ina multi-million dollar bribery scandal that rocked the US Navy.
US law enforcement is intensifying a criminal investigation into a multi-billion dollar alleged fraud at Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MBD), Bloomberg reported Thursday.
United States investigators have uncovered a money laundering operation run by the Islamic State of Iraq and the Levant (ISIS) that transferred funds to an alleged ISIS supporter in the US using fake eBay transactions, The Wall Street Journal reported.
A Mexican soccer star who captained the national team was among 22 people sanctioned by the US on Wednesday for alleged drug cartel links, according to the US Treasury.
A Sinaloa cartel boss was arraigned in federal court on Monday on a drug smuggling indictment after he self-surrendered at the end of July at the border to Mexico.
A Russian citizen wassentenced Thursday to nearly four years in prison for taking part in a global computer fraud that generated millions in illicit revenue, US authorities announced.
One sitting and one former mayor in the US state of Pennsylvania have been charged in a long-term federal corruption investigation, according to indictments released Wednesday.
The US indicted Wednesday a Russian man suspected of laundering more than US$ 4 billion for people involved in computer hacking, drug trafficking and other crimes.
Prosecutors asked a US court to deny requests made by a Ukrainian oligarch and a Hungarian businessman to have racketeering and other charges against them dropped, calling the men "upper-echelon associates of Russian organized crime."
A complaint filed on July 21 accuses a California congressman and his staff director of lobbying against a US law that sanctions Russian officials linked to the 2009 death of a whistleblower.
The largest criminal marketplace on the dark web for the illicit trade of drugs, firearms, computer hacking tools and more was shut down Thursday, the US Department of Justice (DOJ) announced.
A former business associate of President Donald Trump has agreed to cooperate in an international money laundering investigation targeting a Kazakh family whom he helped make real estate deals with Trump, the Financial Times reported Thursday.
A new multinational effort was launched Wednesday to tackle grand corruption, a criminal category that can include bribery of public officials, embezzlement, abuse of power and money laundering of proceeds from crime.
Seven people were arraigned Thursday as part of a 40-count indictment alleging widespread public corruption in Oyster Bay, a town in Nassau County on Long Island, New York.
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