Four Sentenced for Money Laundering

Four men have been jailed for a £300,000 money laundering scam.

laundretteThe gang, from Rochdale, Bradford and Southport, were caught handling large amounts of cash and transferring illegal money between bank accounts. They did this using a number of Money Service Businesses (MSB) and agents operating in the UK and abroad. The gang used false records to hide the money transfers, making it look as if they came from legitimate personal and business transactions.

Sandra Smith, Assistant Director, Criminal Investigation, HMRC, said:

These gang members personally profited from this conspiracy to disguise illegal money and have pleaded guilty to handling large amounts of criminal cash within the UK. Confiscation proceedings are in motion to strip them of the benefits of their crimes. Such attempts to launder the proceeds of crime are treated extremely seriously by HMRC, and we will relentlessly pursue any people or gangs believed to be actively involved in money laundering and evading UK taxes