Here are a few recent articles that have caught our attention because they impact in one way or another the Caribbean and Latin America. For full story click on read more
Feds: Florida money-laundering network moved Medicare millions to Cuba
MIAMI — A South Florida money-laundering network secretly transferred more than $30 million in illegal Medicare profits through a remittance firm with shell companies in not only Canada and Trinidad, but also in Mexico, according to court records filed Monday.
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MoneyGram admits to fraud, fund laundering
DALLAS, Nov. 9 (UPI) -- MoneyGram International, a Dallas global money services business, admitted to money-laundering and wire fraud violations, the U.S. Justice Department said.
MoneyGram agreed to forfeit $100 million and enter into a deferred prosecution agreement with the Justice Department, admitting to criminally aiding and abetting wire fraud and failing to maintain an effective anti-money laundering program, the Justice Department said Friday in a release.
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California political watchdog names secret $11 million campaign contributors, claims they were 'money laundering'
SACRAMENTO -- Ending some but not all of the mystery behind an anonymous $11 million donation, an Arizona group revealed under court order Monday that the money it pumped into California's ballot wars was funneled through two groups -- one tied to David and Charles Koch, the billionaire brothers who have played a huge role in spreading anonymous political cash around the country.
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Appeals court upholds conviction of RI art dealer
PROVIDENCE, R.I. (AP) — The federal court of appeals has upheld the conviction of a Rhode Island art dealer who was condemned to 16 years in prison for his elaborate multimillion-dollar scheme to defraud investors.
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Justice Department gets tough on banks over money-laundering law
WASHINGTON — Banks are facing heightened investigation and steeper penalties from federal regulators and prosecutors for failure to comply with antimoney-laundering laws, an enforcement trend that may shave billions of dollars off bank balance sheets.
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HSBC chief flies out to Jersey after ‘crime’ leak fiasco
The head of HSBC’s UK bank, Antonio Simoes, has flown to Jersey this weekend to carry out his own inquiry into the leak of more than 4,000 British customers’ account details, said to include individuals with a history of links to drug and gun crime.
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HSBC Money Laundering Probe: UK Looking Into Claims Criminals Used Offshore Accounts To Launder Money
LONDON -- Britain's revenue and customs service is examining allegations that criminals may have used offshore accounts with HSBC, Europe's biggest bank, to launder money, it confirmed Friday.
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Government likely to probe money laundering allegations against HSBC
NEW DELHI: Government is likely to conduct a through inquiry into allegations that multinational HSBC Bank was involved in money laundering which may help terror groups operating in India.
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