16:04 May. 11, 2016
Money supposedly laundered through false Russian companies and offshore investment group
British police seized cheques for 22 million U.S. dollars related to a suspected Russian organised crime scam. The swindlers are reported to use the London futures market to launder cash through two Russian companies, a Swiss firm and a British Virgin Islands investment group.
After provinding a four-month investigation, both the police and exchanges operator Intercontinental Exchange Inc (ICE) report of having seized four cheques six weeks after the arrest of a Russian broker suspected of money laundering.
"Our investigation points towards a suspected Russian organised crime group using London's futures market to launder millions of dollars worth of criminal revenue," said Detective Inspector Craig Mullish from the City of London Police's Money Laundering Unit.
The unnamed Russian broker was arrested in London on March 23 on suspicion of fraud and has been released on bail until July.