Money Laundering £7 Million By Hawala Banking Methods
Hawala Banking Specialist Fraud Solicitors represented one of five men alleged to be part of a large organised crime unit, responsible for transferring millions of pounds of illegal monies.
Across a period of only 40 days, the prosecution alleged that our client transferred more than £7 million to Pakistan, India, Afghanistan, Dubai, China and Hong Kong.
The case put to our client was that he operated his Money Transfer Business in such a way as to disguise, through legitimate trading, the fact that behind the scenes he was engaged in Money Laundering on a substantial scale.
Money would be transported from the North of the UK by couriers. The co-defendant would arrange delivery to our client either to his business premises or to his home address. From there, the monies were banked using falsely generated transaction numbers to conceal the payments and then remitted to third party beneficiaries.