Increase in money laundering across the North West
We're being told the 11 signs to look out for
Crimestoppers is urging people to look out for the signs of money laundering over fears more businesses are being used as a front for criminals since the pandemic.
A new campaign being launched across the North West is seeing people being taught more about 'dirty cash' and how to spot the signs of illegitimate businesses.
The charity says vast amounts of profits are being made illegally from serious and organised crime, with those involved needing to wash’ or cleanse’ funds linked to crime so that they can continue unhindered with lavish lifestyles.
The campaign raises public awareness of the signs to spot around money laundering and asks people to speak up about what they know, 100% anonymously. Crimestoppers then pass on information to law enforcement so that action can be taken and that those involved face justice.
Signs to spot:
1. A cash only businesses
2. People regularly using Scottish or foreign currency notes
3. Individuals predominantly high-value notes
4. Businesses that regularly change their name, or type of business
5. People with unidentified wealth or no legitimate income
6. Regular travellers with no clear reason for doing so
7. Loan sharks
8. People who regularly purchase high-value/luxury items
9. Those who use other people’s bank accounts to regularly move large amounts of money
10. People who use others to hold and move money between accounts
11. Those who store large amounts of cash or assets
Money made from crime cannot be easily spent or invested without risking being caught or concerns being raised, so criminals often go to elaborate measures to launder their cash. The types of activities include dealing in drugs and counterfeit goods, human trafficking, modern slavery, selling weapons, sexual exploitation and other serious crimes.
It has become increasingly common for criminals to use more cash-prone businesses, such as pubs, food takeaways, minicab companies, haulage firms, nail bars, or car washes, as fronts. They can also use people by paying them as `money mules’ to transfer funds through their bank accounts or travel abroad with cash. Once ‘washed’, this money is then used to fund a lavish lifestyle in the UK or abroad.
Gary Murray, North West Regional Manager at the charity Crimestoppers, said:
“Criminals like to perpetuate the myth that you shouldn’t `grass’. This allows them to inflict damage and suffering to people and our communities, whilst living off the profits of their crimes.
“Many people have suspicions about those who live a lavish lifestyle, but appear not to work or they work in a cash business with few customers, yet are still trading.
“I encourage anyone with information about those orchestrating or carrying out crime across the North West to contact our charity anonymously, either online or by phone. Our charity never asks for or stores the personal details of those who contact us.
“Every year across the North West, we receive over 35,000 pieces of actionable information; this leads to a significant number of arrests, millions of pounds worth of drugs seized, vulnerable adults and children safeguarded, and weapons being taken off our streets. We would like to thank those who have contacted us. We will never know who they are because of anonymity, but they have made our communities safer for everyone and made a real difference.”
To report crime 100% anonymously, visit our charity’s website Crimestoppers-uk.org and fill in our simple and secure anonymous online form or call our 24/7 UK Contact Centre on freephone 0800 555 111.