Reports of those convicted of money laundering or deprived of
assets through civil recovery in the last month.
12 years jail for 35 million money laundering venture
- London
Two men who provided money laundering services through a London
money services bureau have been jailed for a total of 12 years and
are now facing confiscation orders. The funds were derived from
identity theft frauds and tax evasion. Despite the fact that money
service bureaus tend to operate on tiny margins per transaction,
the two men were able to purchase multi-million pound properties
across London through the proceeds of their illegal activities.
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17 years jail for drug launderers - London
Two men laundered over 17 million for drug syndicates,
having set up accounts with money service bureaus with false
identities. They had undertaken over 300 transactions, depositing
large bags of 20 notes on each occasion. The pair were
caught after one was stopped and found to be in possession of
500,000 in cash. They had initially admitted money
laundering but claimed that the money came from illicit gambling on
horse racing. During the trial however they admitted that the funds
had come from drug deals.
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Solicitor convicted of money laundering and perverting the
course of justice - Manchester
A Manchester solicitor was been jailed for 12 months after
pleading guilty to money laundering, perverting the course of
justice and prejudicing a money laundering investigation. He had
transferred criminal property, failed to produce two conveyancing
files requested by police and produced one file which was
significantly altered.
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Jail after money laundering and mortgage scam -
Manchester
Two men were jailed for falsifying documents to obtain
mortgages, while one was also jailed for money laundering after
re-mortgaging one of those properties. Their conduct was uncovered
after they were found with 500,000 in cash and inquiries
with HMRC confirmed the information on the mortgage applications
were fraudulent.
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NHS fraudster jailed for money laundering - London
A man has been jailed for 18 months after he used forged
documents to divert funds from Heatherwood and Wexham Park NHS
foundation trust. He then laundered the funds, spending them on a
sports car and Caribbean holiday.
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Civil recovery powers used to seize assets from business men
- Glasgow
Two men have been required to relinquish three homes, worth
approximately 1million, after a court ruled that these
assets were obtained through crime. Despite the fact that neither
men where prosecuted for criminal conduct or money laundering, the
court was able to infer that they had been involved in some
capacity in the supply of drugs or other contraband or the
laundering of cash and in extortion.
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