News

The recent blacklisting of six Nigerian nationals accused of defrauding U.S. victims out of $7 million through online scams opens a new front in the Treasury Department's use of financial restrictions against criminals and U.S. adversaries, sources told ACAMS moneylaundering.com. The department's Office of Foreign Assets Control, or OFAC, designated the six men on June 16 for allegedly impersonating managers at U.S.-based firms in emails directing employees to wire payments to accounts they controlled, and cultivating online romantic relationships with vulnerable Americans to win their trust and eventually cheat them out of money. Federal prosecutors in Nebraska concurrently filed wire...