Related Federal Cases
Convicted Money Launderer in Texas
A federal jury has returned a guilty verdict against Sameer Sami Rasheed Al Salman, 55, for operating a money transmitting business without a license, announced U.S. Attorney Alamdar S. Hamdani.
The jury deliberated for less than one hour before finding Al Salman guilty on one count of unlicensed money remitting following a two-day trial.
According to the investigation, Al Salman transferred and wired millions of dollars from bank accounts in the United States to ones all over the world, including China, Indonesia, and India, since 2020.
The jury heard testimony about how Al Salman offered his services locally and performed informal hawala transactions, a method of transferring money without using the banking system.
Al Salman conducted these transfers, which amounted to thousands of dollars, from his driveway and required individuals to show their identification. Many transfers originated from Iraq and some transfers were up to $40,000.
Authorities identified Al Salman’s illegal money transmitting operation after extensive surveillance and conducted a search of his residence. At that time, they discovered over $282,000 in cash stored within the house.
Al Salman faces up to five years in federal prison and a possible $250,000 maximum fine. U.S. District Judge Sim Lake presided over the trial and set sentencing for August 16.
Key Facts
- State: Texas
- Category: Financial Crimes
- Source: DOJ Press Release â†â€â€
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