Tag "Money Laundering"

Top Supermodel in Pakistan Charged with Money Laundering

Pakistan supermodel was recently charged with intent to illegally transport more than the legal $10,000 cash limit out of the country. The 21-year old was caught in the VIP departure lounge of Benazir Bhutto International Airport with approximately $500,000 in her

Read More

Two Wells Fargo Units Charged for Anti-Money Laundering Lapses

Reuters – Two brokerage units of Wells Fargo & Co must pay a joint $1.5 million fine for failing to comply with anti-money laundering regulations by not verifying 220,000 new accounts during a nine-year period, the Financial Industry Regulatory Authority (FINRA) said on Thursday. The

Read More

Former New Orleans Mayor Sentenced 10 Years for Bribery, Money Laundering

New Orleans – U.S. District Judge Helen Berrigan handed former Mayor of New Orleans, Ray Nagin, the sentence to 10 years in prison for bribery, money laundering and other corruption that spanned his two terms as mayor. His term included the

Read More