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Arrests Target Money-Laundering Service for Cyber Criminals (1)

Oct. 15, 2020, 8:27 PM

Twenty people have been arrested as part of an investigation into QQAAZZ, a group that police said had laundered millions on behalf of the world’s most prolific cyber criminals.

The arrests, part of a multinational investigation that included police in 15 countries, target a notorious gang of so-called money mules that the hackers need to do their work.

QQAAZZ mimicked the structure of a sophisticated corporation, according to a U.S. federal indictment unsealed Thursday. Mid-level managers organized networks of bank accounts and shell companies in several countries, while money mules shuffled millions of dollars in stolen funds back to the ...