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According to City of London Police, who have been active in helping to investigate and combat financial crime in the U.K., the enforcement agency has arrested a 58-year-old man from South Wales who was in possession of £30million worth of Bankers’ drafts.
The seizure was described as the biggest ever made by UK law enforcement, and the funds that the man possessed were allegedly generated from international organized crime including Forex Ponzi schemes and laundered through man’s company bank account.
The investigation had only been launched last month after the agency received intelligence that a UK bank account was flagged for suspected money laundering.
The suspicions, ... (read more)