TaxPersonal TaxMoney launderer jailed after HMRC probe

Money launderer jailed after HMRC probe

The Bradford-based man, who has links to money laundering gangs, has been sentenced to 23 months in prison

A MAN has been jailed after pleading guilty to handling over £173,000 in cash linked to a money laundering fraud.

Osmaan Rashid, 46, from Bradford, admitted to hiding and transporting the cash for a gang of money launderers in 2013.

Rashid was directly linked to four cash seizures by HMRC although he had wider involvement in the gang’s money laundering activities.

During the investigation HMRC officers discovered that Rashid was linked to cash handovers throughout the North-West region. In January 2011, HMRC officers found £35,000 in his wardrobe at his Bradford home.

He is the last gang member to be sentenced in this fraud case. Four other men were jailed for a total of eight years, three months in 2013 and one woman received a nine months suspended jail sentence in 2014.

Sandra Smith, assistant director, fraud investigation service, HMRC, said: “Attempts to launder the proceeds of crime are treated very seriously by HMRC, and we will relentlessly pursue anyone believed to be involved in it.”

Related Articles

LITRG urges government to consider tax changes in disability work plan

Administration LITRG urges government to consider tax changes in disability work plan

5m Lucy Skoulding, Reporter
HMRC urged to clarify impact of income allowances on Self-Assessments

Personal Tax HMRC urged to clarify impact of income allowances on Self-Assessments

7m Alia Shoaib, Reporter
HMRC tax evasion assistance requests double in five years

Corporate Tax HMRC tax evasion assistance requests double in five years

11m Emma Smith, Managing Editor
Rangers tax case to have ‘dramatic’ consequences for football and business

Legal Rangers tax case to have ‘dramatic’ consequences for football and business

11m Emma Smith, Managing Editor
HMRC collects record £5bn in inheritance tax

HMRC HMRC collects record £5bn in inheritance tax

11m Emma Smith, Managing Editor
The top three issues that the next government must address for accountants

Making Tax Digital The top three issues that the next government must address for accountants

11m Emma Smith, Managing Editor
HMRC cuts over 150 offices to reduce running costs

Corporate Tax HMRC cuts over 150 offices to reduce running costs

1y Stephanie Wix, Writer
Finance Bill 2017: Corporate tax reporting requirements 'a burden'

Business Regulation Finance Bill 2017: Corporate tax reporting requirements 'a burden'

1y Stephanie Wix, Writer