London Police Seize $22m in ICE Russian Money Laundering Probe
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- City of London Police seize $22m 6 weeks after arresting a broker on suspicion of using futures market to launder money from a Russian organized crime gang, according to statement on force’s website.
Alert: HALISTER1- Arrest and money seizure are result of 4-mo. investigation by the force’s Money Laundering Unit working w/ ICE, the futures exchange, which monitors market activity to identify suspicious trading
- Russian oil firm, Swiss investment co., British Virgin Islands investment co. and another Russian co. thought to be acting as front for Russian crime gang’s efforts to launder money out of their country and through the U.K.
- 43-year-old Russian broker was arrested on March 23 and later released on bail; British national also interviewed under caution and released
- ICE said in a statement that it monitors trading activity around the clock and immediately notified the authorities upon detecting suspicious activity
Source: BFW (Bloomberg First Word)
To de-activate this alert, click here
UUID: 7947283