United Kingdom: NatWest, Gold Bars and Bags of Cash at Heart of Laundering Suit

NatWest Group was banking laundered street cash for an English gold dealer in sums equivalent to the takings of a Premier League football stadium on match day as part of a “sophisticated” money laundering operation.

Jurors sitting at one of the U.K.’s largest ever money-laundering trials heard that the gold dealer, Fowler Oldfield, deposited some 266 million pounds ($333 million) through the bank between 2014 and 2016. It was “blindingly obvious” that the money, couriered to the dealer in holdalls and sports bags, was criminal in origin, prosecutors said.

Read more on bloomberg.com

 

Ready to find out more?

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top
Share via
Copy link
Powered by Social Snap