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Saturday, March 16, 2013 3:38:00 PM
Gee Lizzy, who woulda thunk it!!??
DEA Launders Money for Mexico Drug Cartels
CRITICS SAY LAUNDERING HELPS CARTELS, BLURS SOVEREIGNTY
(NEWSER) - One element of the United States' efforts to find and track Mexican drug money is surprising: Undercover US agents have laundered and smuggled millions of dollars for the drug cartels, reports the New York Times . American officials, particularly those with the DEA, say these laundering operations provide invaluable intel, allowing... More »
Obama Declares Big Banks Too Big to Jail
DECISION NOT TO PROSECUTE BANK'S MONEY LAUNDERING SPARKS OUTRAGE
(NEWSER) - The Obama administration officially bought into the idea that big banks are "too big to jail" yesterday, by deciding to fine HSBC instead of criminally prosecuting its vast money laundering operation—which funneled cash to Mexican drug cartels and Saudi banks with ties to al-Qaeda. The stated reason? The... More
More Bad News for JPMorgan
REGULATORS POINT FINGER AT WEAKNESSES IN ITS ANTI-MONEY-LAUNDERING PROCEDURES
(NEWSER) - More bad news for JPMorgan Chase: The banking giant is expected to be hit with formal action by US regulators over perceived weaknesses in its anti-money-laundering system, as part of a wider crackdown on the financial industry, reports the Wall Street Journal . It doesn't look like there will be... More »
Regulators Go After US Banks on Money Laundering
JPMORGAN CHASE MIGHT FACE ACTION SOON OVER WEAK OVERSIGHT
(NEWSER) - Big US banks are in for another round of bad publicity, this time over the good old-fashioned problem of money laundering. The New York Times reports that regulators are about to crack down on JPMorgan Chase and possibly Bank of America for failing to keep track of big transfers of... More »
Feds Seize $150M Linked to Hezbollah
BANK ACCUSED OF HELPING GROUP LAUNDER CASH
(NEWSER) - The US has seized $150 million believed to have been part of a massive Hezbollah money-laundering scheme. Prosecutors say the money, held in a New York account linked to the now-defunct Lebanese Canadian Bank, was connected to a scheme in which the profits from drug trafficking and other crimes was... More »
British Bank Settles Laundering Case for $340M
STANDARD CHARTERED WAS ACCUSED OF SCHEMING WITH IRANIAN GOVERNMENT
(AP) - New York's financial regulator said his agency has reached a $340 million settlement with Standard Chartered Bank to resolve an investigation into whether the British bank schemed with the Iranian government to launder $250 billion from 2001 to 2007. The bank will pay the civil penalty to the state... More »
Feds Probe Sands Casinos for Money Laundering
BUT SANDS OWNER SHELDON ADELSON ISN'T UNDER INVESTIGATION
(NEWSER) - Federal authorities are investigating the Sands casinos for allegedly helping shady figures launder millions of dollars, the Wall Street Journal reports. A businessman in Mexico and a former California executive—high rollers who have run afoul of the law—made the money transfers years ago. Now the US attorney's... More »
Feds Bust Cartel Boss' Horse Racing Team
'NEW YORK TIMES' BLOWS LID OFF ZETA OPERATION
(NEWSER) - Hundreds of federal agents descended on the stables of a New Mexico horse racing company today, busting up what appears to have been a staggeringly transparent drug money laundering operation. Tremor Enterprises was officially owned by brick mason/trucker José Treviño Morales, but was funded by his brother Miguel Á... More »
Vatican Bank Chief Bounced
'I HAVE PAID FOR MY TRANSPARENCY,' ETTORE GOTTI TEDESCHI SAYS
(NEWSER) - The chief of the secretive Vatican bank has been given the boot for allegedly letting standards slip at the institution. Ettore Gotti Tedeschi was forced to resign after the bank's board of directors unanimously passed a no-confidence vote against him for failing "to carry out duties of primary... More »
Feds Helped Mexican Drug Honcho Move Millions
TRANSFERRED CASH, DRUGS ACROSS INTERNATIONAL BORDERS
(NEWSER) - The New York Times last month revealed that undercover US agents have laundered and smuggled millions of dollars for Mexico's drug cartels—and today the paper shines a light on one such operation, in which federal agents helped one drug trafficker and his Colombian supplier move cash and cocaine... More »
http://www.newser.com/tag/5802/1/money-laundering.html
DEA Launders Money for Mexico Drug Cartels
CRITICS SAY LAUNDERING HELPS CARTELS, BLURS SOVEREIGNTY
(NEWSER) - One element of the United States' efforts to find and track Mexican drug money is surprising: Undercover US agents have laundered and smuggled millions of dollars for the drug cartels, reports the New York Times . American officials, particularly those with the DEA, say these laundering operations provide invaluable intel, allowing... More »
Obama Declares Big Banks Too Big to Jail
DECISION NOT TO PROSECUTE BANK'S MONEY LAUNDERING SPARKS OUTRAGE
(NEWSER) - The Obama administration officially bought into the idea that big banks are "too big to jail" yesterday, by deciding to fine HSBC instead of criminally prosecuting its vast money laundering operation—which funneled cash to Mexican drug cartels and Saudi banks with ties to al-Qaeda. The stated reason? The... More
More Bad News for JPMorgan
REGULATORS POINT FINGER AT WEAKNESSES IN ITS ANTI-MONEY-LAUNDERING PROCEDURES
(NEWSER) - More bad news for JPMorgan Chase: The banking giant is expected to be hit with formal action by US regulators over perceived weaknesses in its anti-money-laundering system, as part of a wider crackdown on the financial industry, reports the Wall Street Journal . It doesn't look like there will be... More »
Regulators Go After US Banks on Money Laundering
JPMORGAN CHASE MIGHT FACE ACTION SOON OVER WEAK OVERSIGHT
(NEWSER) - Big US banks are in for another round of bad publicity, this time over the good old-fashioned problem of money laundering. The New York Times reports that regulators are about to crack down on JPMorgan Chase and possibly Bank of America for failing to keep track of big transfers of... More »
Feds Seize $150M Linked to Hezbollah
BANK ACCUSED OF HELPING GROUP LAUNDER CASH
(NEWSER) - The US has seized $150 million believed to have been part of a massive Hezbollah money-laundering scheme. Prosecutors say the money, held in a New York account linked to the now-defunct Lebanese Canadian Bank, was connected to a scheme in which the profits from drug trafficking and other crimes was... More »
British Bank Settles Laundering Case for $340M
STANDARD CHARTERED WAS ACCUSED OF SCHEMING WITH IRANIAN GOVERNMENT
(AP) - New York's financial regulator said his agency has reached a $340 million settlement with Standard Chartered Bank to resolve an investigation into whether the British bank schemed with the Iranian government to launder $250 billion from 2001 to 2007. The bank will pay the civil penalty to the state... More »
Feds Probe Sands Casinos for Money Laundering
BUT SANDS OWNER SHELDON ADELSON ISN'T UNDER INVESTIGATION
(NEWSER) - Federal authorities are investigating the Sands casinos for allegedly helping shady figures launder millions of dollars, the Wall Street Journal reports. A businessman in Mexico and a former California executive—high rollers who have run afoul of the law—made the money transfers years ago. Now the US attorney's... More »
Feds Bust Cartel Boss' Horse Racing Team
'NEW YORK TIMES' BLOWS LID OFF ZETA OPERATION
(NEWSER) - Hundreds of federal agents descended on the stables of a New Mexico horse racing company today, busting up what appears to have been a staggeringly transparent drug money laundering operation. Tremor Enterprises was officially owned by brick mason/trucker José Treviño Morales, but was funded by his brother Miguel Á... More »
Vatican Bank Chief Bounced
'I HAVE PAID FOR MY TRANSPARENCY,' ETTORE GOTTI TEDESCHI SAYS
(NEWSER) - The chief of the secretive Vatican bank has been given the boot for allegedly letting standards slip at the institution. Ettore Gotti Tedeschi was forced to resign after the bank's board of directors unanimously passed a no-confidence vote against him for failing "to carry out duties of primary... More »
Feds Helped Mexican Drug Honcho Move Millions
TRANSFERRED CASH, DRUGS ACROSS INTERNATIONAL BORDERS
(NEWSER) - The New York Times last month revealed that undercover US agents have laundered and smuggled millions of dollars for Mexico's drug cartels—and today the paper shines a light on one such operation, in which federal agents helped one drug trafficker and his Colombian supplier move cash and cocaine... More »
http://www.newser.com/tag/5802/1/money-laundering.html
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