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Turkish businessman extradited to US on money laundering and wire fraud charges

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By Alisha Houlihan for AMLi

US Authorities have extradited a Turkish businessman from Austria to face charges of money laundering, wire fraud and obstruction. 

Sezgin Baran Korkmaz arrived in Utah on Friday in the custody of US Marshals and was indicted for laundering $133M ($131M) in illegal proceeds through Turkish and Luxembourg bank accounts by a Utah grand jury .

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NEWS: Swiss regulator FINMA warns of rise in crypto ‘stablecoins’ being used for money laundering

 Premium

NEWS: Eurojust to create new pan-EU body connecting judges with AML and AFC experts

 Premium

NEWS: Big win for Malta’s FIAU as court upholds major fine handed to payments company

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