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The Latest Breaking News from Money Laundering

US hits Bank of America with $1.2 billion fine, says it violated money laundering, sanctions laws

The US Treasury Department announced a $1.2 billion fine against Bank of America for violating anti-money laundering laws. This penalty marks the third-largest ever imposed by the department in its history. Alongside this fine, Bank of America settled for $11.6 million over sanctions violations related to various programs. The bank…

The Economic Times · 2h ago

Bank of America Hit With $1.2 Billion Fine Over Failure to Report $5 Billion in Suspicious Transactions

Bank of America faces over $1.21 billion in US penalties after regulators found anti-money laundering failures and delayed reporting of suspicious activity.

International Business Times UK · 4h ago

US hits Bank of America with $1.2 billion fine, saying it violated money laundering, sanctions laws

The U.S. Treasury Department says it’s imposing $1.2 billion in fines on Bank of America for allegedly violating anti-money laundering and sanctions laws

The Independent UK · 7h ago

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Maduro's $10 Million Fugitive Is in U.S. Custody: Alex Saab's Partner Faces Trial Over Venezuela's Missing Billions

Álvaro Pulido Vargas, a Colombian businessman accused of helping divert billions of dollars through Venezuelan government contracts, is finally in American custody. His arrest comes weeks after his longtime partner, Alex Saab, pleaded guilty and agreed to cooperate with U.S. prosecutors.

Latin Times · Oct 12

ED arrests two in trans-national narcotics syndicate operated by Salim Ismail Dola

The Enforcement Directorate (ED) has arrested two people in a money laundering investigation linked to the transnational drug trafficking syndicate allegedly operated by Salim Ismail Dola, who was brought back to India from Turkiye in April. The agency alleged that the accused were involved in the clandestine manufacture of mephedrone,…

The Economic Times · Oct 10

ED arrests Rakesh Kumar Gupta, chairman of media broadcast company in insolvency-linked case

Rakesh Kumar Gupta, chairman of Sadhna Group, was arrested under the Prevention of Money Laundering Act. The Enforcement Directorate claims he manipulated insolvency processes to settle large tax dues for a fraction of the owed amount. Allegations include substantial cash transactions linked to cryptocurrency and questionable payments to connected creditors.…

The Economic Times · Oct 10

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