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唐朱昌
唐朱昌
教授,博士生导师。复旦大学中国反洗钱研究中心首任主任,复旦大学俄...
严立新
严立新
复旦大学国际金融学院教授,中国反洗钱研究中心执行主任,陆家嘴金...
陈浩然
陈浩然
复旦大学法学院教授、博士生导师;复旦大学国际刑法研究中心主任。...
何 萍
何 萍
华东政法大学刑法学教授,复旦大学中国反洗钱研究中心特聘研究员,荷...
李小杰
李小杰
安永金融服务风险管理、咨询总监,曾任蚂蚁金服反洗钱总监,复旦大学...
周锦贤
周锦贤
周锦贤先生,香港人,广州暨南大学法律学士,复旦大学中国反洗钱研究中...
童文俊
童文俊
高级经济师,复旦大学金融学博士,复旦大学经济学博士后。现供职于中...
汤 俊
汤 俊
武汉中南财经政法大学信息安全学院教授。长期专注于反洗钱/反恐...
李 刚
李 刚
生辰:1977.7.26 籍贯:辽宁抚顺 民族:汉 党派:九三学社 职称:教授 研究...
祝亚雄
祝亚雄
祝亚雄,1974年生,浙江衢州人。浙江师范大学经济与管理学院副教授,博...
顾卿华
顾卿华
复旦大学中国反洗钱研究中心特聘研究员;现任安永管理咨询服务合伙...
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上传时间: 2021-06-24      浏览次数:1144次
Manchester-based accountant with alleged links to drug money laundering hands over £1.9 million

 

https://aboutmanchester.co.uk/manchester-based-accountant-with-alleged-links-to-drug-money-laundering-hands-over-1-9-million/

 

Self-employed accountant Abid Naveed has handed over £1.9 million to settle a civil recovery claim based on alleged links to a criminal gang responsible for laundering £160m of drug money.

 

The NCA case drew on evidence that linked Abid Naveed to a large-scale money laundering operation, previously investigated by the NCA.

 

The original investigation found that profits from the illegal drugs trade were being deposited, via banks in the Manchester and Birmingham areas, into accounts held by a Manchester-based Money Service Bureau named Mian International Limited.

 

In a two and a half year period, from 2008 to 2011, in excess of £160 million was laundered in this way. A network of other companies was also established to facilitate this money laundering enterprise. As a result of the NCA’s investigation, a total of 32 individuals were convicted of money laundering and drugs offences.

 

Following the conclusion of the money laundering proceedings , the NCA commenced a civil recovery investigation into assets held by Naveed. On 23 November 2018, the NCA issued a civil recovery claim against Naveed which alleged that he was engaged in a wide range of criminality including money laundering, and mortgage fraud.

 

The NCA argued that Naveed used a network of companies under his control to purchase property and to mix proceeds from his unlawful conduct with legitimate business revenue.

 

On 25 April 2021, Naveed agreed to settle the NCA’s claim by handing over £1.9 million, which includes cash held in bank accounts and funds from the sale or refinancing of properties.

 

Andy Lewis, Head of civil recovery at the NCA, said: “The services of professionals like accountants are a vital tool in preventing money laundering, they act as the gatekeepers to moving money into the legitimate banking system. Anyone providing these services has a responsibility to follow the regulations and ensure that they are not facilitating money laundering.

 

This settlement represents a significant outcome for the public, recovering £1.9 million that will come back to the public purse and be used to help fight criminal activity.”

 

Rachael Herbert, Head of Threat Response for Money Laundering at the National Economic Crime Centre (NECC) said: “This is a significant outcome. The UK encounters enormously complex, often multijurisdictional money laundering schemes which abuse the services of UK based professionals and its regulated sectors. Enablers of money laundering are a priority for the NECC and we are committed to bringing them to justice. Recent changes to the Crown Prosecution Service guidance have further enhanced the financial investigator’s toolkit, and will help law enforcement disrupt professional enablers who facilitate money laundering.”