Christie’s Tip Off Leads To Conviction Of Global Money Launderer

No Comment 45 Views

A tip from Christie’s auction house led to the conviction of a London man who British authorities described as a “go-to money launderer for fraudsters all around the world.”

Kazeem Akinwale was found guilty of fraud and possessing criminal property after he tried to fool a client of the auction house, the U.K.’s National Crime Agency said Monday in an emailed statement. The 43-year-old controlled bank accounts that processed more than 6 million pounds ($7.8 million) and took commissions of about 73,000 pounds, the agency said.

In March 2016, authorities received a tip from Christie’s that hackers had tried to imitate an employee’s email address to divert a customer’s payment. The account was traced to Akinwale’s east London home a month later, where he was arrested.

“Akinwale was a key player for organized criminals the world over,” Jamie Horncastle, an NCA officer, said in a press release. “Every serious and organized crime group relies on cash flow, so taking Akinwale out of action will disrupt very many criminal networks.”

Read the original article here: bloomberg.com


Get headlines, breaking news, and jobs announcements delivered to your inbox. Sign up for our daily newsletter.

Share This Page
Industry Webinars
FEATURED Solutions