(Adds details on charges)
Dec 15 An Alaska man has been charged with
attempting to evade sanctions on Iran and money laundering, the
U.S. Justice Department said on Thursday.
Kenneth Zong, 77, of Anchorage, and three Iranian and one
American co-conspirators engaged in fraudulent transactions that
were designed to unlawfully convert and remove Iranian-owned
funds worth approximately $1 billion from South Korean banks,
the department said in a statement.
Zong is charged with transferring funds to more than 10
countries around the world, including the United States, the
United Arab Emirates, Switzerland, Germany, Austria and Italy.
According to prosecutors, Iranian nationals paid Zong
between $10 million to $17 million for his work.
An arraignment date has not yet been set, the Justice
(Reporting by Eric Beech in Washington; Editing by Mohammad
Zargham and Sandra Maler)