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Latest news related to Anti-Money Laundering.

KANSAS CITY, MO—Beth Phillips, United States Attorney for the Western District of Missouri, announced today that a Blue Springs, Mo., man has been convicted by a federal jury of money laundering related to his wife’s embezzlement of nearly $825,000 from her Sugar Creek, Mo., employer. Thomas D. Hutchens, 41, of...
A 39-year-old Potomac man was sentenced to 15 months in prison Wednesday for laundering drug money through his businesses. Todd D. Lubar, who owns businesses in Maryland and Pennsylvania, pleaded guilty July 6 to accepting $20,000 from an undercover agent with the intent of laundering the money through one of...
Nigeria is leading seven other West African countries with highest rate of money laundering. A report by the Inter-Governmental Action Group Against Money Laundering in West Africa (GIABA) in 2010 put Nigeria on the top of seven countries of the region which lose an estimated sum of US$73 billion (about...
A Blue Springs man has been convicted by a federal jury of money laundering related to his wife’s embezzlement of nearly $825,000 from her Sugar Creek employer. Thomas D. Hutchens, 41, of Blue Springs, was found guilty of seven counts of money laundering in federal court Friday. Hutchens was indicted by...
A Baton Rouge-area businessman is accused of conspiring to launder drug money and disguising the sale of motorcycles to drug dealers. Kevin Calmes, 39, was indicted Thursday. He faces 80 years in prison and a fine of $2.5 million. The investigation surrounds Calmes Motorsports in Denham Springs. U.S. Attorney Donald J. Cazayoux,...
Money launderers for ruthless Mexican drug gangs long have had a formidable ally: international banks. Despite strict rules set by international regulatory bodies that require banks to "know their customer," inquire about the source of large cash deposits and report suspicious activity, they have failed to do so in many...