OFAC Adds PacNet to List of Transnational Criminal Organizations
The Office of Foreign Assets Control designated the PacNet Group a significant transnational criminal organization, OFAC said in a news release (here). "As part of today’s action, OFAC is also designating a global network of 12 individuals and 24 entities…
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across 18 countries," it said. "PacNet is the third-party payment processor of choice for perpetrators of a wide range of mail fraud schemes," it said.