A prolific fraudster who dishonestly claimed thousands of pounds in benefits to fund a secret luxury property empire has been jailed for two years and eight months. Chief inspector Gary Phillips of RART said: “This has been a complex multi-agency investigation into a sophisticated criminal operation which allowed Dean Ahmed to amass a considerable amount […]

According to a report published in China by the Central Bank (that has since been removed) and reported by the BBC, close to 20,000 public officials in China have collectively removed about $120 billion from China and transferred it to Canada, the US, Australia and the Netherlands through the use of offshore structures such as […]

TWO men have been convicted of money laundering in relation to an internet dating website scam in which vulnerable women looking for love were duped out of £220,000. Monty Emu, 28, and Adewunmi Nusi, 37, were each found guilty in a majority verdict following a trial over the Match.com scam at Winchester Crown Court. Emu, […]

Executives of HSBC Holdings Plc and its U.S. subsidiary are scheduled to testify Tuesday before a Senate panel about how the London-based banking behemoth, after years of run-ins with U.S. authorities over alleged anti-money laundering lapses, has cleaned up its act. In anticipation of the hearing, HSBC Chief Executive Stuart Gulliver sent a message to […]

Dubious businessmen are moving their cash around with ease, as one of Britain’s leading fraud experts tells Jim Armitage While there are rare exceptions, shootings, kidnappings and physical intimidation of those from unstable countries are rare in the British capital. The Met may have its failings, but when compared to Ukraine, China or Mexico, the […]

The following article was written by Rowan Bosworth-Davies and first posted on his blog on March 26th 2012. Speaking on the Marr Show on BBC One on March 23rd, the former Daily Telegraph editor and historian Max Hastings said a “senior central banker” recently told him that London is now considered to be the “money-laundering […]

Following a Recovery Order first granted by the High Court in May 2013, the National Crime Agency has today recovered more than $7m from an alleged international fraudster and money launderer. In the civil recovery application the NCA submitted that Mr. Hakki Yaman Namli, who resides in Turkey, was involved in fraud on an international […]

HM Treasury (HMT) has published an advisory notice on money laundering and terrorist financing controls in overseas jurisdictions. The notice includes two statements published by the Financial Action Task Force (FATF) on 27 June 2014 identifying jurisdictions with strategic deficiencies in their anti-money laundering and counter financing regimes. The notice advises firms to consider Algeria, DPRK, Ecuador, […]