Bangladesh, July 1 -- A Vietnamese national has admitted his role in a sophisticated transnational identity theft and money laundering conspiracy that moved at least $67 million through the United States using stolen personal information from thousands of American citizens. The guilty plea, announced by the US Department of Justice, marks a significant development in a years-long investigation into an international criminal enterprise that exploited stolen identities to conceal the origins of illicit funds.

Le Van Hung, a permanent resident of the United States, pleaded guilty before a federal court in New York to conspiracy to commit identity theft. Prosecutors said the scheme relied on the personal information of thousands of US resid...