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Pakistani ex-president arrested in money laundering case

Islamabad, Jun 10 (AP/UNB) — Pakistan’s anti-graft body on Monday arrested former President Asif Ali Zardari, widower of assassinated ex-Premier Benazir Bhutto, in a multi-million dollar money laundering case that has shaken the country. The development came hours after a court in Islamabad rejected a request by Zardari and his sister Faryal Talpur for an extension of their bail that ... Read More »

Stopping criminals from laundering their trillions

Al Capone had a problem: he needed a way to disguise the enormous amounts of cash generated by his criminal empire as legitimate income. His solution was to buy all-cash laundromats, mix dirty money in with clean, and then claim that washing ordinary Americans’ shirts and socks, rather than gambling and bootlegging, was the source of his riches. Read More »