U.K. AML expert convicted of aiding money launderers
Neil Hodge, 25 June 2021
A U.K. money laundering prevention expert was found guilty Wednesday of allowing criminals to use his company to launder the proceeds of an £850,000 (U.S. $1.2 million) investment fraud that resulted in dozens of victims being ripped off.
Dominic Thorncroft was chair of the Association of UK Payment Institutions for 14 years and worked with lawmakers and financial regulators providing anti-money laundering advice and training. In 2014, he allowed fraudsters to use his money services business to transfer criminal proceeds from an investment scam overseas. Continue reading “Article: U.K. AML expert convicted of aiding money launderers”
