U.S. Collects $7 Million in Iranian Assets for Terror Victims and Families
5th January 2021
The Trump administration seized $7 million in Iranian assets after busting a money-laundering operation and plans to use the funds to pay victims of state-sponsored terrorism and their families.
Department of Justice officials took the funds from an American citizen and three Iranians attempting to circumvent American sanctions on Iran in a global criminal effort. Kenneth Zong and three unnamed Iranians are believed to have helped launder $1 billion in Iranian assets worldwide between 2011 and 2014, according to a Department of Justice press release.