POCA: Money laundering through cash and carry businesses
Reference: DP020
Appointment Type: Party appointed expert
Service Area: Criminal and Regulatory
Industry: Tobacco and Alcohol
Litigation Type: Criminal
Size of Case: £10 million upwards
Defendant was charged with money laundering offences contrary to s328(1) of POCA. The offences related to the facilitation and transfer of sterling cash from London based cash and carry businesses to the defendant’s business (wholesaler of alcohol). Defendant asserted that the cash represented cash payments from his foreign customers based in the EU. The Prosecution calculated the defendant’s Benefit to be c.£32m – we were asked to assess the Benefit calculation taking into consideration the business and accounting records of the defendant’s company.
