HALISTER1: U.S. Treasury Places Sanctions on PacNet Individuals, Entities

U.S. Treasury Places Sanctions on PacNet Individuals, Entities

(Bloomberg) -- Office of Foreign Assets Control designates PacNet Group as “significant transnational criminal organization” involved in money laundering through wide range of mail fraud schemes targeting people in U.S and world, Treasury says in e-mailed statement.
  • “OFAC is also designating a global network of 12 individuals and 24 entities across 18 countries”
  • “Specifically, these individuals and entities are being targeted for materially assisting, sponsoring, or providing financial, material, or technological support for, or goods or services to or in support of, PacNet, or for being owned or controlled by other persons being designated as part of this action”
  • PacNet is an international payments processor and money services business, with operations in Canada, Ireland and U.K. and affiliates in 15 other countries: Treasury
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283