TD Bank nears possible guilty plea in money laundering probe, WSJ reports – Yahoo! Voices
(Reuters) – TD Bank is close to pleading guilty to criminal charges that its U.S. retail bank failed to rein in money laundering and illegal sales of fentanyl linked to a Chinese criminal organization, Wall Street said. The Journal reported on Friday. Canada's second-largest lender is in talks with U.S. federal prosecutors, and its U.S. […]
TD Bank takes US$2.6 billion hit on money laundering probe, sells Schwab shares – Financial Post
Article Contents Toronto-Dominion Bank has set aside $2.6 billion in provisions for penalties over anti-money laundering failures and has sold some of its shares in Charles Schwab Corp. to help raise the money. Canada’s second-largest bank made the announcement after the market closed on Wednesday. Its stake in Schwab will fall to 10.1 percent from […]
TD's chief compliance officer departs amid US anti-money laundering probe – Yahoo Finance
TORONTO (Reuters) – Canadian lender TD Bank’s chief compliance officer has left the bank as it faces U.S. regulators and the Justice Department in an anti-money laundering investigation, according to a memo sent to the company. Monica Kowal, who joined the bank in 2017, will leave the bank this week and be replaced by acting […]
Former Brazilian President Indicted In Connection To Money Laundering, Criminal Association Case
Former Brazilian President Jair Bolsonaro was indicted by the country’s federal police on Thursday on suspicion of money laundering and criminal enterprise links in connection to a case involving undeclared diamonds. According to multiple sources Confirmed According to the Associated Press, authorities have indicted Bolsonaro in a case related to undeclared diamonds he allegedly received […]
Ex-Brazilian President Jair Bolsonaro indicted in money laundering case
Former Brazilian President Jair Bolsonaro was indicted on charges of money laundering and connections to undeclared diamonds he accepted from Saudi Arabia while in office, according to the Associated Press. The indictment comes after the Federal Police accused Bolsonaro last year of attempting to smuggle in diamond jewelry worth $3 million as well as selling two […]
JPMorgan Chase, Bank of America and Wells Fargo Accounts Used in Alleged $92,000,000 Money Laundering Scheme: Report – The Daily Hodl
A new report claims a $92 million money laundering scheme “completely” passed through three major U.S. banks. A group of suspected drug traffickers and money launderers are accused of depositing hundreds of thousands of dollars in illicit funds into accounts at JPMorgan Chase, Bank of America and Wells Fargo. Reports CNN reported, citing court documents. […]
Man Ran Drug Trafficking, Money Laundering Network From Inside Federal Prison, Authorities Allege
Federal prosecutors in North Dakota on Wednesday charged a man with running a drug trafficking and money laundering network inside a federal prison. Jesus Amrahaby Celestin Ortega, a.k.a. “Flaco,” 26, has been charged since January 2022 with “allegedly engaging in drug-related and money laundering conspiracies, and a continuing criminal enterprise while serving time in federal […]
What will become of The Epoch Times with its chief financial officer accused of money laundering?
The Epoch Times’ chief financial officer, Weidong Bill Guan, was indicted on charges of misappropriating $67 million in criminal proceeds to the media outlet, its affiliates and himself. Guan pleaded not guilty but was suspended from the media company. Founded in 2000, The Epoch Times is a newspaper published in 23 languages. The arrest this […]
Epoch Times CFO Charged In $67M Money Laundering Scheme
A reporter from The Epoch Times takes to the microphone during a media event in Berlin, Germany, on October 23, 2023. The Epoch Times is owned by Epoch Media Group and is affiliated with the Falun Gong movement. (Photo by Sean Gallup/Getty Images) James Myers of OANTuesday, June 4, 2024 8:25 AM The Chief Financial […]
Epoch Times CFO Weidong ‘Bill’ Guan charged over $67M money laundering scheme
The chief financial officer of The Epoch Times, a New York-based weekly newspaper critical of the Chinese government, has been charged by federal investigators with money laundering, U.S. authorities said. According to an indictment filed Monday by the U.S. Department of Justice, Weidong “Bill” Guan, the CFO of the news site, which also distributes newspapers […]