UK: Police Warn of Fake Foreign Currency Exchanges After £8.5M is Laundered for London Gangs

No Comment 32 Views

Police have warned people against using fake foreign currency exchanges after a money laundering gang were jailed.

Wei Han, 36, drove around in a Masarati and lived in a £2.6m apartment and also bought expensive jewellery and designer watches while heading the highly lucrative operation.

Han and three others tricked Chinese students into offering their bank details on the pretence of securing better exchange rates.

Once they had their account numbers and sort-codes the gang funnelled £8.5 million of dirty money through their accounts.

Detectives launched a covert operation and finally ambushed Adan Fuller, 20, as he handed over bags containing £500,000 in cash to Jie Huang on January 18.

Read the original article here: dailymail.co.uk


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

Share This Page
Industry Webinars
FEATURED Solutions