Security News > 2020 > October > QQAAZZ group charged for laundering money stolen by malware gangs
Multiple members of QQAAZZ, a multinational cybercriminal group, were charged today in the US, Portugal, Spain, and the UK for providing money-laundering services to several high-profile malware operations including Dridex, Trickbot, and GozNym.
Law enforcement estimations say that QQAAZZ laundered, or at least attempted to launder, tens of millions stolen from cybercrime victims starting with 2016.
"The criminal gangs behind some of the world's most harmful malware families are among those cybercriminal groups that benefited from the services provided by QQAAZZ.".
QQAAZZ returned a part of the laundered funds to their cybercrime clients, after taking fees of up to 50% for themselves out of the total balance of stolen funds received.
While dozens of victims who had their money stolen and laundered by QQAAZZ were identified in the US, the total number and their identity is unknown given the scale of the money laundering operation and the multitude of cybercrime gangs it served.