National Crime Agency
Money launderers paid £1.8m drugs money into banks in just two weeks
A group of Chinese money launderers paid more than £1.8 million in criminal cash into London high street banks in a period of just two weeks.
Fen Chen, 32, her friend Ying Lin, 27, and two associates took bundles of bank notes into dozens of branches between 30 July and 15 August 2016.
National Crime Agency officers arrested Chen shortly after she accepted a bag containing more than £300,000 from Albanian Fation Koka, 30, in the car park of an Asda supermarket in Park Royal on 15 August 2016.
Another £180,000 cash was discovered in bags and hiding places at Fen’s flat in nearby Bodiam Court, along with bank slips detailing hundreds of deposits totalling £1.8 million. A cash counting machine was found in another room.
NCA officers found text messages on Chen’s and Koka’s phones that showed another cash handover happened in the same car park on 31 July 2016.
On this occasion Chen was out of the country and instead sent representatives to collect the money.
Investigators obtained CCTV bank footage showing Chen, Lin and others deposited cash in smaller amounts to avoid suspicion.
In November, at Kingston Crown Court, Chen was convicted of four counts of money laundering.
Yesterday she was jailed for six years and three months.
NCA operations manager Kevin Gee said: “Fen Chen was a prolific money launderer, able to process millions of pounds in cash in a very short period of time.
“Chen was caught red handed in possession of around £300,000 belonging to an Albanian drugs gang.
“Organised crime groups rely on money launderers like Chen, who play an integral part in allowing them to benefit from and re-invest their criminal profits.
“Taking money launderers out of the chain, as we have done here, makes life far more difficult and more risky for crooks trying to clean their dirty cash.”
Koka previously admitted two counts of money laundering and was jailed for 21 months. He will be deported upon completion of his sentence.
Lin previously admitted a single charge of money laundering and was deported after being sentenced to 14 months in jail.
Latest News from
National Crime Agency
Truck driver charged after cocaine found in frozen meat load13/11/2019 09:15:00
The National Crime Agency have charged a truck driver with attempting to import class A drugs after cocaine likely to be worth more than £20 million was seized at Harwich.
Gun smuggler with 60 firearms in car jailed for nine years12/11/2019 13:15:00
A man has been jailed for nine years after admitting smuggling 60 guns into the country in his car, as part of a National Crime Agency investigation.
Woman admits live-streaming child sexual abuse11/11/2019 14:15:00
woman has admitted four child sexual abuse charges including live-streaming footage of herself sexually abusing a young girl over almost three years.
NCA investigation launched after migrants found on yacht11/11/2019 11:15:00
National Crime Agency officers have charged a 64-year-old man with facilitating illegal entry to the UK after discovering eight illegal migrants on a yacht.
Coventry man jailed for possessing firearm08/11/2019 12:15:00
A construction worker has been sentenced to five years in jail after being caught carrying a firearm in his backpack while on his way to work.
Drug dealers and dancer jailed for cocaine smuggling06/11/2019 11:15:00
Two drug dealers have been jailed for smuggling cocaine worth £38k into the UK alongside the dancer acting as their drugs mule.
NCA secures multi-million pound asset portfolio after proceeds of crime investigation05/11/2019 16:15:00
Property worth up to £8.1 million have been recovered by the NCA following a civil recovery and tax investigation.
Up to no gouda: two men who used gone off cheese to hide cannabis are jailed31/10/2019 14:15:00
Two Dutch men who smuggled vast quantities of cannabis from the Netherlands into the UK have been jailed following a National Crime Agency (NCA) investigation.