CONTACT US

For any general inquiries, please fill in the following contact form:

Our websites never use cookies or other technologies such as pixel tags and web beacons. We only retain personal information when the contact section of our websites is filled. To proceed and get in touch with us through this format please read our Terms & Conditions, updated to be in line with the provisions of the GDPR, and tick this box to consent in us retaining the above information for contacting purposes only.

SUBMIT

Student 'money mules' sentenced for money laundering

Student 'money mules' sentenced for money laundering

Two students thought to have been used as "mules" by criminals have been sentenced for money laundering.

Abdi Mohamed and Nyanjura Biseko, both 22, pleaded guilty after more than £10,000 of fraudulently obtained money was transferred into their accounts.

Sussex Police believe the pair were used as "money mules" and said the case highlights how students are being "targeted and used to launder money".

Mohamed was jailed and Biseko given a non-custodial sentence.

Last month, Kent Police warned that "money mules" - who allow criminals to launder money through their bank accounts - risked imprisonment, after BBC South East discovered that gangs were recruiting young people on social media.

Mohamed and Biseko were arrested as part of an investigation into an online scam, in which a book-binding company in Manchester was defrauded of £37,986 on 14 July 2016.

Sussex Police took control when the fraud was linked to a suspect in Barnham, West Sussex.

Officers found that more than £10,000 was put into the bank accounts of Mohamed and Biseko, before being spent or withdrawn as cash.

Det Con Paul Gilmour said: "Mohamed and Biseko received the criminal proceeds while they were students. Even though they may not have known where the money had originated, they did know or suspect that it was criminal property. This case highlights students can be targeted and used to launder money."

At a Portsmouth Crown Court hearing on 26 October, Mohamed, of Tennyson Road, Southampton, received a six-month jail term.

Biseko, of Orchard Lane, Southampton, was given a 12-month community order, with 80 hours of unpaid work.

They both pleaded guilty to possessing criminal property at an earlier hearing.

Source: https://www.bbc.com/

MORE NEWS

UK's richest man moves to Monaco to 'save £4bn in tax'

UK's richest man moves to Monaco to 'save £4bn in tax'
Brexiter Sir Jim Ratcliffe’s company Ineos is reportedly working with PricewaterhouseCoopers to reduce bill.Britain’s richest man, ...

New Compliances for Companies Registered in Tax-Friendly Regions

New Compliances for Companies Registered in Tax-Friendly Regions
The British Virgin Islands (BVI) recently passed legislation strengthening transfer pricing rules, amid international criticism for its ...

RABOBANK FINED €1 MILLION FOR POOR MONEY LAUNDERING CHECKS

RABOBANK FINED €1 MILLION FOR POOR MONEY LAUNDERING CHECKS
Dutch central bank DNB fined Rabobank over 1 million euros for not having its customer files in order, and therefore doing inadequate checks...

Who's behind the blog

Who's behind the blog

SOCIAL MEDIA