Ethics and governance in the European Financial centers

A recent press release from the Metropolitan Police states that two men have been sentenced to a total of six years' imprisonment and a woman given a suspended sentence for laundering in excess of £15 million, believed to be the proceeds of drugs.

Detective Superintendent Trevor Shepherd, Met's Economic and Specialist Command, said:

"This case demonstrates once again the potential of the Proceeds of Crime Act 2002. The driving force behind drug trafficking and supply is the generation of wealth. This legislation enables police and other law enforcement agencies to hit criminal networks where it hurts most, in their pockets.

"This cash is now removed from criminal circulation and is prevented from causing future harm to our communities. Under 'incentivisation' a significant proportion will also be returned to police to fund future investigations."




See press release