Money Laundering Regulations 2007 news 05/08/09 Man jailed over single money laundering transaction

A Sheffield man has been sentenced this week to six months in jail for allowing his bank account to be used for money laundering purposes.

The lawyer acting for Glynn Platts, 22, argued that he was involved in one transaction, and one transaction only, for which he received £300. However, it was shows that the £20,000 that had been moved through his account was part of the proceeds of crime earned by a pair of Norwich Union workers who were both jailed for five and a half years earlier in 2009 for stealing almost £700,000 from elderly and vulnerable customers.

Platts admitted to the charge of conspiracy to obtain money by deception. The Sheffield Telegraph also reported that he had previously been convicted for motoring and dishonesty offences, and for breaching court orders.

Two further people were given 51-week suspended sentences for their part in the money laundering scheme, and were ordered to undertake unpaid community work.

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