£1.5m cash seized and 13 arrested on suspicion of money laundering

Posted by
Friday, July 12th, 2019
Community, News

HM Revenue and Customs (HMRC) has arrested 13 people, including an arrest in County Armagh, and seized £1.5 million in cash during a UK-wide operation targeting suspected money laundering.

150 officers from HMRC executed 28 warrants across County Armagh, London, Bedfordshire, Wiltshire, Kent and Deeside, and arrested eleven men and two women on suspicion of laundering tens of millions of pounds.



In addition to the arrests, officers also seized four high value cars, worth approximately £400,000, and were granted nine bank account freezing orders, worth a total of £520,000.

Speaking to Newry Times, Simon York, Fraud Investigation Director, HMRC, said, “Money laundering and the organised crime it supports is hugely harmful to businesses, citizens and society as a whole.

“That is why it is a priority for HMRC and this large scale operation demonstrates we will not hesitate to investigate those suspected of being involved.



“We are determined to cut off the funds that are the lifeblood of serious crime in the UK and in the last year alone, HMRC has recovered more than £192 million of illicit proceeds using its civil and criminal proceeds of crime powers.

“Tax crime and money laundering deprive public services of vital funds and I would urge anyone with information on this type of fraud to report it to HMRC online, or call our fraud hotline on 0800 788 887,” he added.

This investigation is part of HMRC’s broader efforts to tackle Money Laundering in the UK. 



Last week HMRC and the Metropolitan Police Service together focused on laundering through the regulated sector in London.

All those arrested were questioned by HMRC and have been released pending further enquiries. Investigations are ongoing.



Both comments and pings are currently closed.

Comments are closed


This website does not share personal information with third parties nor do we store any information about your visit other than to analyze and optimize your content and reading experience through the use of cookies. You can turn off the use of cookies at anytime by changing your specific browser settings.

We are not responsible for republished content from this blog on other blogs or websites without our permission. This privacy policy is subject to change without notice and was last updated on 16/01/2017. If you have any questions feel free to contact Newry Times by emailing editor@newrytimes.com

Log in