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Eight people arrested as part of a suspected money laundering network

 

  • Six men and two woman arrested in London and Bracknell.
  • The suspected organised crime group has allegedly laundered millions of pounds through retail banks in the City of London.
  • The City of London Police has worked with several law enforcement agencies to gather intelligence and make the arrests. 

Yesterday, (Thursday 7 June 2018) eight people were arrested on suspicion of running a money laundering network which is believed to have laundered millions of pounds through the City of London.

The City of London Police which is the national policing lead for fraud, made arrests at seven addresses in various areas of London (E3, SE13, E16 and SE6) and in Bracknell. Approximately £600,000 cash was seized.

The arrests were made with support from the British Transport Police, the Metropolitan Police Service, Thames Valley Police, the National Crime Agency and the Border Force.

The investigation was initiated in March 2018, after intelligence was submitted to the City of London Police’s Financial Investigation Unit.

It is suspected, that the individuals who are Chinese nationals, have been allegedly been working as part of an organised crime group to launder millions of pounds through high street banks in and around the City of London since autumn 2017.

The individuals remain in police custody.

Detective Inspector Craig Mullish, who is leading the investigation for the City of London Police’s Financial Investigation Unit said:

“Money launders are vital to criminal networks and in working to expose and disrupt these activities we will ultimately prevent serious crimes from being committed.

“The City of London Police’s Financial Investigation Unit is dedicated to investigating this type of crime and will do everything it can to expose people who think it is acceptable to use the City of London as a place to legitimise money which they have made by criminal activity." 


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