UK News: Ten arrested in London over £15m money laundering plot - - PressFrom - United Kingdom
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UK News Ten arrested in London over £15m money laundering plot

00:06  21 november  2019
00:06  21 november  2019 Source:   msn.com

Ten held after '£15m smuggled from UK to Dubai hidden in suitcases'

  Ten held after '£15m smuggled from UK to Dubai hidden in suitcases' Ten people suspected of smuggling more than £15m of dirty money from the UK to Dubai in suitcases have been arrested in a series of raids. © PA Cash recovered during dawn raids across west London on Wednesday The alleged members of an organised crime group are accused of being part of a "well-orchestrated conspiracy" to launder millions made through drugs and people smuggling over three years, the National Crime Agency (NCA) said.

Ten suspected members of an organised crime group have been arrested on suspicion of flying an estimated £ 15 .5 m out of the UK to Dubai hidden in The National Crime Agency, whose officers made the arrests in a series of raids across London on Wednesday morning, said the suspects were also

Money laundering is the illegal process of concealing the origins of money obtained illegally by passing it through a complex sequence of banking transfers or commercial transactions.

a plastic bag full of clothes © Provided by City A.M. Ltd

Ten suspected members of an organised crime group were arrested in London today on suspicion of flying roughly £15.5m out of the UK to Dubai hidden in suitcases.

National Crime Agency (NCA) officers, who arrested the suspects in a series of raids across the capital this morning, said they believed the group also tried to smuggle 17 migrants into the country this summer.

The suspects are accused of being part of a well-orchestrated attempt to launder millions of pounds in money made through class A drugs and organised immigration crime.

They are believed to have transferred the money from the UK to Dubai in a series of trips over the last three years.

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Police probing a money laundering gang believed to have smuggled more than £ 15 million cash (pictured main) out of Britain hidden in A 41-year-old Indian man, thought to be the ringleader, was nabbed in Hounslow. 9 more suspects were arrested in raids across Hayes, Uxbridge and Southall.

Fourteen people are arrested for suspected money laundering in Northern Ireland and England. The 13 men and one woman were arrested following searches by HM Revenue & Customs investigating suspected £ 15 m money laundering , income tax and VAT fraud linked to the

Estimations of travel history suggest the group transported more than £14m in 2017 and 2018 alone.

Officers arrested a 41-year-old man alleged to be the head of the network at his home in Hayes.

Police also recovered a quantity of cash, illegal drugs and luxury cars, including Range Rovers, Audi Q7s and BMW 5 series during raids in Hounslow, Uxbridge and Southall.

“Cash is the lifeblood of organised crime groups and they need the services of money launderers,” said Chris Hill, NCA senior investigating officer.

“We believe that the action we and our partners have taken will have caused permanent damage to a well-established money laundering network.”

Main image credit: NCA

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