Investigators in the US are probing a trade-based money laundering (TBML) network that is supporting the activities of internet fraudsters.

The investigation by the Federal Bureau of Investigation (FBI) has already resulted in charges brought against two alleged fraudsters.

US banking system

The FBI is investigating a ring of Africa-based perpetrators who are engaging in internet-enabled fraud schemes targeting US citizens.

Investigators say that as part of the criminal scheme, several individuals in the US have joined in a conspiracy to assist the criminal conduct by concealing illegally obtained money largely through TBML across the US banking system.

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