Earlier today, in federal court in Brooklyn, Hanan Ofer pleaded guilty to failing to maintain an effective anti-money laundering program in violation of the Bank Secrecy Act, as part of a scheme to bring lucrative and high-risk international financial business to a small, unsophisticated credit union. Today’s proceeding took place before United States Magistrate Judge Ramon E. Reyes, Jr. When sentenced, Ofer faces up to 10 years in prison.
Breon Peace, United States Attorney for the Eastern District of New York, Kenneth Polite Jr., Assistant Attorney General of the Justice Department’s Criminal Division, and Rick J. Patel, Acting Special Agent-in-Charge, Homeland Security Investigations, New York (HSI), announced the guilty plea.
“Ofer willfully disregarded provisions of the Bank Secrecy Act that are designed to prevent money laundering and the use of our financial system for criminal ends. This Office will vigorously enforce those laws to ensure the integrity of the U.S. financial system,” stated United States Attorney Peace. “With his admissions today, the defendant will be held responsible for exposing financial institutions to the risk of illicit activity.”
“Ofer’s failure to implement anti-money laundering practices as required by the Bank Secrecy Act (BSA) exposed Financial Institutions to the likelihood of high-risk transactions which...
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