Security News > 2020 > October > QQAAZZ Group Charged for Helping Banking Trojan Operators Launder Money
The group had three hierarchical levels: leaders, mid-level managers, and money mules.
The funds were transferred through a complex series of transactions that included transfers to other bank accounts controlled by the money-laundering group and conversion to cryptocurrency.
The group maintained corporate bank accounts to receive large transactions without raising suspicion, but employed personal accounts for easily converting funds to cryptocurrency, the indictment unsealed this week reveals.
QQAAZZ, which advertised cash-out and money laundering services on exclusive Russian-speaking cybercriminal forums, served some of the most prominent gangs, including those behind Dridex, TrickBot, GozNym, and others, authorities said.
The United States Department of Justice said that U.S. victims who had their funds stolen, or attempted to be stolen, and then laundered through QQAAZZ include a technology company, a Jewish Orthodox Synagogue, a medical device manufacturer, an architecture firm, an automotive parts manufacturer, a homebuilder, and several individuals across the country.