AML/CFT: money launderers caught on camera
A father and his daughter have been convicted of running a cash-conversion money laundering scheme after they were filmed on security cameras while making large currency exchange transactions.
63 year-old Derek Rosser and his 36 year-old daughter, Nicola, have been sentenced following their conviction for money laundering.
The two pleaded guilty to converting criminal property under the UK's Proceeds of Crime Act 2001. Derek Rosser also pleaded guilty to possessing criminal property.
The full extent of their money laundering activities may never be known - and both refused to say where the case found in their possession came from. They had been filmed making currency exchanges by the security cameras where they made the exchanges, the location of which has not been published.
The prosecution blamed at least part of the pair's success on training received by Nicola Rosser during her employment in a casino: that, it was alleged, gave her hints on how to launder money and reduce the chance of detection.
When police stopped her car and searched it, they found evidence of three pounds-to-euros conversions on 28 June 2010. The total value for that day was GBP18420.24.
They found several thousand pounds in her father's car and in his home at a caravan park in Kent, south east of London.
The court was told that the money is suspected of belonging to an international drugs gang.
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