CID initiates legal action against former Padma Bank chairman Nafeez Sarafat and three others over claims of laundering Tk1,613 crore
Money Laundering Charges Against Former Padma Bank Chairman The Criminal Investigation Department (CID) has charged former Padma Bank Chairman Chaudhry Nafeez Sarafat along with three others in a significant money laundering case involving Tk 1,613 million. Based on the CID’s initial investigation, Sarafat, along with Dr. Hasan Taher Imam, acquired a license for an asset […]
Tijuana Mayor Warns of Legal Action Against Sources Discussing His Money Laundering Case
The mayor of Tijuana, Baja California, is considering legal action against media outlets that are reporting on a money laundering investigation involving him. This investigation is tied to two businessmen believed to be linked with the Jalisco New Generation Cartel and the Sinaloa Cartel. This week, Miguel Burgueno Ruiz acknowledged receiving a notification from Mexico’s […]
MIT Graduates Reportedly Searched for “Money Laundering” Prior to Executing $25 Million Crypto Theft
MIT Graduates Indicted for Cryptocurrency Heist When talking about tech education, MIT certainly stands out in the U.S. But not every graduate hits the mark, as seen recently with two alumni who were arrested for allegedly pulling off a swift $25 million cryptocurrency heist. The brothers, Anton Perer Bueno and James Perer Bueno, face federal […]
Commissioner from Texas Border City Charged with Federal Money Laundering
McAllen Mayor Faces Federal Charges Related to Second-Hand Clothing Business The mayor of McAllen, Texas, is currently confronting serious federal accusations of money laundering and smuggling tied to his second-hand clothing operation. His wife was also arrested in connection with the case, which led law enforcement to conduct multiple raids on clothing warehouses throughout the […]
Two men charged in money laundering operation reportedly connected to Maduro’s children
FBI Charges Two Men in Money Laundering Case Linked to Maduro’s Children The FBI has charged two men implicating them in a money laundering operation associated with the children of Venezuelan leader Nicolas Maduro. This follows a multi-year investigation that began in 2019, when the Miami field office of the FBI noted that Arick Komarczyk […]
Treasury Connects Mexican Banks and Chinese Networks to Cartel Money Laundering
The US Treasury Department is intensifying its investigation into how drug cartels manage their finances. Recently, officials have collaborated with various criminal groups, particularly focusing on China’s money laundering network, notorious for transferring significant sums of money. A recent notification from the Treasury’s Financial Crime Enforcement Network (FinCEN) alerted financial institutions about the techniques used […]
The Treasury Department is urging US banks to keep an eye out for potential Chinese money laundering operations.
Washington – The U.S. Treasury Department is focusing on financial institutions to oversee and investigate potential involvement in a money laundering network linked to China, with attention on funds used amid the ongoing fentanyl crisis affecting the nation. On Thursday, new guidance was given to banks and brokers, highlighting the need to monitor clients who […]
Canada is being pushed to tackle its money laundering issue due to Trump’s tariffs.
On July 31, the Trump administration revealed plans to increase tariffs on Canadian imports by 35%. The rationale behind this move hinges on Canada’s inadequate response to the growing presence of fentanyl traffickers across its territory. Canada’s reaction has been strongly criticized. Federal officials have communicated with Premier Doug Ford, who has suggested a retaliatory […]
Trump’s Treasury Department Imposes Sanctions on ‘Narco-Rapper’ El Makabelico for Laundering Streaming Profits to Mexican Drug Lords
US Blacklists Members of Cartel del Noreste Amid Drug Crackdown On August 7, the US government imposed sanctions on three prominent figures from the Cartel del Noreste (CDN), as part of a broader effort to combat drug trafficking alongside immigration enforcement. The Treasury announced on Wednesday the targeting of Abdon Federico Rodriguez Garcia, the CDN’s […]
US imposes sanctions on ‘narco-rapper’ El Makabelico for laundering streaming earnings to violent Mexican drug lords
US Treasury Sanctions Mexican Drug Cartel Leaders WASHINGTON – On Wednesday, the US Treasury Department sanctioned a high-ranking member of a notorious Mexican drug cartel, allowing him to continue trafficking fentanyl into the United States. Additionally, a well-known rapper believed to be funding this cartel with over half of his earnings was also targeted. The […]