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UK investigating eight charities under money laundering allegations

After a warning produced by the Metropolitan Police, an investigation was launched into the charities under the accusation of laundering about £10 Million.

The charities share a number of links such as their trustees and a number of officials.

One of the official was sentenced to 10 years incarceration for benefiting of fraudulent activities, theft and money laundering.

The investigation started back in 2014, but remained confidential in order to collect the evidence without giving notice to the implicated.

Source

https://www.riskscreen.com/kyc360/news/uk-regulator-discloses-money-laundering-probe-into-eight-charities/

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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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