UK Launches New Unit to Target Businesses Handling Criminal Cash
A new nationwide operation is targeting "dodgy" retail outlets such as vape stores and mini-marts suspected of laundering an estimated £1 billion annually, with thousands of businesses expected to be raided and hundreds of arrests made.
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‘Dodgy’ shops handling criminal cash targeted by new unit
Estimates suggest £1bn a year is laundered through high street businesses, with some connected to tax evasion, drugs and counterfeit goods “Dodgy” retail outlets such as vape stores, barbers, mini-marts and sweet shops suspected of being used to launder £1bn of criminal money will be targeted by a new specialist unit, the government has said. A £20m National Crime Agency cell will run and coordinate investigations and raids into businesses suspected of acting as fronts for gangsters, the Home...
By Rajeev Syal Home affairs editor
Read full article →Thousands of businesses ‘to be raided’ amid nationwide crackdown on shops with links to organised crime
Hundreds of arrests are expected to be made and millions in cash seized as a result of the new operation
By George Lithgow
Read full article →
