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Raids carried out as part of money laundering operation

Officers carried out a series of morning raids today in Dorset as part of a regional money laundering operation.

More than 100 officers were involved in executing search warrants at 16 premises in Swanage, Bournemouth, Manchester and Barnstable in Devon under the Proceeds of Crime Act 2002.

A total of 11 people have been arrested, nine in Dorset, on suspicion of money laundering and conspiracy to supply class B drug offences.

Officers seized a quantity of cash, a prohibited firearm and a quantity of class B drugs.

During the operation officers also uncovered a cannabis factory.

This was a well-planned and executed operation which has resulted in 11 arrests.** **Zephyr enquiries reveal this is believed to be linked to multiple drug seizures across the country over the last two years. This is Dorset Police’s ongoing commitment to tackle alleged serious and organised crime in partnership with other agencies. We would like to reassure the public that we will listen to any information they give to us and take it seriously.”

– Purbeck Neighbourhood Inspector Fiona Gaffney

'Career criminal' set up fake companies to launder money

Elvaldas Ziogas Credit: Kent Police

A ‘career criminal’ who set up fake companies to launder money has been sentenced to five years in prison. Elvaldas Ziogas from Margate pocketed almost £300,000 since 2009. Ziogas was arrested in May 2009 after he paid in stolen cheques into a third party account.

The money laundering team from the Kent and Essex Serious Crime Directorate then found over a 12 month period he had paid over £50,000 in cash deposits into his account.

He was arrested again on December 15, 2010 when officers found that he had set up a business account in the name of Stone GB Ltd and set up numerous credit and debit cards. He had been using fake passports to open the accounts.

Officers seized a computer belonging to Ziogas which contained a three page document with 36 names that were encrypted along with bank account details, credit card details and catalogue details.

In another bank account, more than £158,000 was paid in cash deposits and almost instantly transferred to other accounts of Lithuanian nationals. Ziogas, originally from Lithuania came to the UK in 2003.

He also set up fraudulent accounts to not pay for fuel at the Pay at Pump petrol stations and a SatNav found when officers searched his home revealed locations of petrol stations all over the South of England.

Officers found more funds when they discovered another two bank accounts had been set up in his parents’ names which amounted to £60,000.

He pleaded guilty on January 14 to 13 fraud and money laundering charges and was sentenced at Canterbury Crown Court on February 14.


HBOS branch at the centre of money laundering probe

Thames Valley Police has charged eight people following a large-scale investigation into corruption and other offences originating from the Halifax Bank of Scotland branch in Reading, Berkshire.

The charges follow an investigation carried out by the Force’s Economic Crime Unit (ECU), after the case was referred by the Financial Services Authority (FSA).

The alleged offences stem from HBOS’s Impaired Assets team based at Reading in Berkshire.

The charges include money laundering, fraudulent trading and conspiracy to corrupt. All eight have been released on bail to attend Reading Magistrates Court on January 18th.