*UK MONEY LAUNDERING GANG WITH CONNECTIONS TO PANAMA SENTENCED TO 24 YEARS IN PRISON *

*UK MONEY LAUNDERING GANG WITH CONNECTIONS TO PANAMA SENTENCED TO 24 YEARS IN PRISON *

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*UK MONEY LAUNDERING GANG WITH CONNECTIONS TO PANAMA SENTENCED TO 24 YEARS IN PRISON *

FROM THE - JOURNALS of Monte Friesner ~ Financial Crime Consultant for WANTED SA ~

Friday February 25, 2011 >

WANTED SA has been informed this morning that the UK: Money laundering gang were jailed for 24 years.
Money laundering gang jailed for 24 years and the leaders of a money laundering gang have been jailed for 24 years following sentencing at Isleworth Crown Court today (February 25th).
An investigation by HM Revenue and Customs (HMRC) found that the gang were responsible for the laundering of more than $150 million dollars of other organized gangs' criminal profits.They used an online money transfer business as a front to clean up cash from criminal clients, which included Mark Kinnimont, the ringleader of the UK's largest cannabis smuggling gang.
Peter Millroy, Assistant Director of Criminal Investigation for HMRC, said: "Money launderers such as these are as much a part of the criminal underworld, as the fraudsters whose cash they clean”.  
"HMRC's dedicated teams of investigators will pursue and bring to justice those who attempt to disguise and hide the illegal profits of other criminals."
It follows the recent news that Police have arrested three men and three women for money laundering and fraud offences in relation to the collapse of Crown Currency Exchange.

Further investigation is proceeding into other Latin America countries at present as the proceeds are being invested into real estate.

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