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Luxury hotels and other assets seized in the UK following a money laundering investigation

A legal professional, a lottery winner and a developer were subject to seize of assets for $6 million as part of the dismantling of an international money laundering scheme.

Eric Grove (real state developer), Timothy Becker (barrister in London) and Amanda Nuttall (2008 lottery winner), saw their assets seized including eleven properties such as the “White Horse Hotel”, a Bentley, properties in Dubai and Cannes.

The investigation started as Mr. Jonathan Nuttal (Amanda’s Nuttal husband) was convicted for his ties with Amir Azam (convicted drug trafficker).

The order do not include Mr. Nuttal as all his accumulated wealth is under his wife’s name, as per reported information.

The case includes laundering of drug proceeds, laundering of Russian state embezzlement related assets and laundering of the profits of UK-Based frauds and other crimes.

The laundering scheme included a sophisticated network of companies in the UK, Russia, Austria, Croatia, Seychelles, the British Virgin Islands and the United States.

Source

https://www.riskscreen.com/kyc360/news/boutique-hotel-london-properties-seized-in-international-money-laundering-case/

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Jaime Prieto

Mr. Jaime Prieto is a lawyer experienced in Financial Crime, Anti-Money Laundering and Counter Terrorism Financing having extensive professional experience in both public and private sectors. Mr. Prieto has been a Head of Compliance in the European Union, the Americas and the Caribbean for banks, trust companies, asset managers, Big Four audit and advisory firms, RegTechs, government agencies and other types of financial professionals. In addition to his experience, he has been legal and educational chair in several compliance and sectorial organisations and performed as a teacher and speaker for a number of organisations and in several local and international forums. Furthermore, Mr. Prieto is an experienced Money Laundering Reporting Officer anda Data Protection officer with additional experience in risk management.
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