DMI busts money laundering ring in Kirkuk

Security

10-03-2024, 16:58

INA- Baghdad

A money laundering and smuggling gang in Kirkuk Governorate was overthrown, according to a statement released by the Military Intelligence Directorate on Sunday.

"A qualitative operation was characterized by the use of intelligence efforts, and through a tight ambush, resulted in the arrest of a gang consisting of five individuals working in money laundering in the Qara Tabba area of Kirkuk Governorate," the Directorate said in a statement obtained by the Iraqi News Agency (INA).

"It was discovered during the investigation that they were using citizens' documents to open bank accounts through platforms that allowed them to exchange Iraqi dinar currencies for US dollars outside of the country and smuggle them to other countries through these opened accounts," DMI continued. "They were also in possession of large sums of money, advanced mobile devices, and passports, which were given to the relevant authorities upon the conclusion of the required legal proceedings against them.