USA v. Shahnaz, Zoobia
Centra Islip, NY

Islamic State of Iraq and al-Sham (ISIS)

[EDNY] A five-count indictment charged Zoobia Shahnaz with bank fraud, conspiracy to commit money laundering and three substantive counts of money laundering. Court records allege Shahnaz, a U.S. citizen, defrauded numerous financial institutions and obtained over $85,000 in illicit proceeds, which she converted to Bitcoin and other cryptocurrencies. She then laundered and transferred the funds out of the country to support the Islamic State of Iraq and al-Sham ("ISIS"). After consummating the scheme, Shahnaz attempted to leave the United States and travel to Syria.

Related Topics: Prosecutions, Terror Financing