Bangladesh, Aug. 14 -- A former bank manager from Brooklyn has been sentenced to 18 months in federal prison after admitting his role in laundering millions of dollars connected to one of the largest Medicare fraud schemes ever uncovered in the United States. The case highlights the growing role financial professionals can play in enabling sophisticated criminal organizations to conceal illicit proceeds, as well as the US governments intensified efforts to dismantle networks that exploit public health programs for financial gain.

The US Department of Justice announced on August 12 that Renat Abramov, 37, was sentenced for conspiring to launder more than $8 million generated through an international Medicare fraud operation. Prosecutors s...