Babylon: An illegal digital money transfer network has been dismantled in Babylon, with law enforcement making significant arrests in connection to the operation. Detachments from the Anti-Crime Department, specifically from the central and southern Babylon Governorate’s Western Hamza District Division, successfully apprehended a suspect involved in the illicit transfer of money into digital currencies, specifically USDT, via an electronic platform and subsequently sending it abroad.

According to National Iraqi News Agency, Brigadier General Adel Al-Husseini, the media director of Babylon Police, revealed that the suspect was caught with fifteen million Iraqi dinars in his possession. The suspect was accompanied by another individual who was responsible for receiving the transferred funds. During the investigation, a confession was obtained from the suspect, who admitted to sending funds to a “fake company” located outside the country. In return, he received a monthly salary along with additional financial incentives.

Further investigations uncovered that the total amount withdrawn and transferred from the complainant reached three hundred million and ninety-seven thousand Iraqi dinars. Money exchange operators also testified before the Anti-Money Laundering Division, confirming that the suspect had funneled sums exceeding one billion Iraqi dinars through their services to these fraudulent companies.

The arrests were made in line with the provisions of Article 456 of the Penal Code, as authorities continue to pursue the remaining investigative procedures to dismantle the network effectively.