Bank of America Insider helps criminals and illegal companies to launder money in the global plot: US Department of Justice
One of the Bank of America acknowledges that he is guilty of enhancing a global conspiracy to money laundering that helped drug traffickers and other illegal companies, according to the US Department of Justice (doj).
Ministry of Justice He says The former Bank of America, a member of the money laundering and drug smuggling group headed by Jin Hua Chang.
According to the prosecutors, its location at the bank used me from 2021 to 2022 to help the criminal organization open many accounts.
Then the Zhang Organization used Bofa accounts, some of which were registered using forged passports, to wash illegal money.
“As part of his participation, when the bank’s financial audit systems reported accounts or freezing suspicious activity, Li helped circumvent the bank protocols to combat money laundering and transfer illegal money in other places.
In addition, Lee was seated next to Zhang at a dinner in New York, where Zhang discussed the different percentage of the fees that he paid to various criminal groups to smuggle drugs and fraud. “
Zhang is believed to have washed millions of dollars within months, according to the Ministry of Justice.
“The investigation revealed that, for a fee, Zhang washed the wholesale money to drug dealers and profits that were washed from other illegal companies. In less than a year, Zhang and his founder washed at least $ 25 million of drug revenues and funds from other illegal companies through the secret agents.”
I admit that he is guilty of conspiring to commit money laundering. He faces a cash fine and a prison sentence.
“The conspiracy charge stipulates that money laundering is a sentence of up to 20 years in prison, up to three years of supervision release and a fine of $ 500,000, or twice the amount concerned, whichever is greater.”
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