Approximately £100k in cash has been seized overnight as part of an on-going crackdown on money laundering and organised crime in the region.
A vehicle was stopped and a 29-year-old man was arrested on suspicion of money laundering by GMP’s Money Laundering Team and Specialist Operations just before midnight yesterday in Oldham
Detective Chief Inspector Joseph Harrop, from GMP’s Economic Crime Team, said: “Fraud, cyber-crime and money laundering is not only rising in Greater Manchester but all across the UK, which is why we’re continuing to grow the department that tackles these issues.
“This seizure is another positive result for the Money Laundering Team who despite being set up less than 12 months ago, have already seized thousands of pounds of suspected ill-gotten gains.
“Cash-based money laundering costs the UK economy billions of pounds and is illicit cash which often serves as the motivator for serious and organised crime. Operation Falcon will continue and we’ll be carrying on with targeting those suspected to be involved in money laundering and aim to seize their assets and cash so they can be reinvested into the communities who need it.
“No matter how hard attempts are made to hide the money through front businesses, we will find it, forfeit it, and reinvest it back into the community of Greater Manchester.”
