The United States alleged that Kenneth Zong, an Alaska man, used the United Arab Emirates (UAE) to launder $1 billion held by South Korea for Iran. Zong used a series of fake invoices for construction material to convince South Korean banks and regulators to release the money. Zong is in prison in South Korea after being convicted of criminal charges over the scheme. The United States is seeking his extradition. Through an asset forfeiture effort related to this case, U.S. authorities are also attempting to seize $20 million held by Ras al-Khaimah, an emirate in the UAE.