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money laundering

Proposed $250 bill could be a boon for drug cartels, experts warn

(The Center Square) – A proposal to create the largest U.S. currency denomination in more than 50 years could unintentionally benefit drug cartels, money launderers and tax cheats, according to experts and Treasury Department records. The Donald J. Trump $250 Bill Act, introduced by U.S. Rep. Joe Wilson, R-

Cambodian PM's cousin says owned 30% of scam-linked firm

Cambodian PM's cousin says owned 30% of scam-linked firm

A cousin of Cambodian Prime Minister Hun Manet said Wednesday he had owned a 30 percent stake in a digital payments platform linked to cyberscams and money laundering and sanctioned by Washington. The former chairman of Huione Group, the entity that owned the platform in question, was extradited last month

Cambodia extradites accused cyberscam boss to China

Cambodia extradites accused cyberscam boss to China

The China-born former boss of a financial services firm, accused by the United States of laundering illicit funds for North Korean and Southeast Asia-based cybercriminals, was extradited from Cambodia on Wednesday, Beijing said. China's state broadcaster CCTV showed Huione Group's former chairman Li Xiong,