UK freezes bank account linked to Azerbaijani Laundromat
13 Dec 2018

British investigators have frozen a bank account linked to a multi-billion dollar Azerbaijani money-laundering scheme that a network of investigative reporters has alleged rinsed dirty money mainly through four, UK-registered shell companies.

The National Crime Agency (NCA) said on Wednesday that the Account Freezing Order (AFO), part of a new toolbox to allow investigators to freeze suspected proceeds of crime quickly, was the first “in relation to the Azerbaijani Laundromat”.

The NCA declined to give further details or divulge whether the frozen account was also linked to Danske Bank (DANSKE.CO), the Copenhagen-based lender at the centre of a 200-billion-euro (181 billion pounds) money laundering scandal.

– By Kirstin Ridley, Reuters, 12 December 2018.

Link to Reuters.

Count this content towards your CPD minutes, by signing up to our CPD Wallet


You must be logged in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.