Money laundering news 24/11/2009 Man faces court on £900,000 money laundering charges

West Yorkshire Polices money laundering and proceeds of crime investigation team arrested a man at Stansted Airport as he was about to leave for his home in Malta.

At Wakefield Magistrates Court, a 57-year-old man faced three allegations of money laundering offences totalling around £900,000. The court was told the former Wakefield man had worked as a client relationship manager acquiring new business for Green Flag and Direct Line from 1983 to 2007 when he moved to Cyprus.

It is claimed that between February 2004 and September 2009 he diverted money from the Royal Bank of Scotland subsidiaries to bank accounts of which he was an alleged signatory.

A date for a full court hearing on the money laundering charges has not yet been set.

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