Veysi Ertekin was today sentenced to three years imprisonment at Middlesex Guildhall Crown Court for money laundering the proceeds of drug dealing.
Officers from HM Revenue & Customs observed two men, Mohsen Sadeghi-Kivi and Mansour Mohammadi collecting bags from other individuals in suspicious circumstances. Two of these hand-overs were between Mohammadi and Veysi Ertekin.
Sadeghi-KiviI and Mohammadi were then observed visiting various banks at which they deposited small amounts of cash, usually under the 5,000 minimum amount as specified by the Proceeds of Crime Act 2002.
By introducing the money into the legitimate banking system, the criminal funds were effectively laundered. It is believed that Sadeghi-Kivi and Mohammadi had banked well in excess of 500,000 of criminal proceeds over the indictment period. Both men have already received jail sentences for their part in the crime.
Ian Watson, deputy head of Serious Financial Investigations says: “Today’s verdict is a significant result in the fight against money laundering. The sentences imposed and the confiscation orders reflect the serious nature of the offences these men have committed.”
At the sentencing his Honour Judge Karsten said: “Your offence was a very serious one. Without people like you, big drug dealers would not be able to get rid of the proceeds of the sale of their drugs. Your actions facilitated the drug dealers. I have not the slightest doubt that you knew what you were doing.”
This case was successfully prosecuted by the newly established Revenue and Customs Prosecutions Office. RCPO is an independent prosecuting authority that reports to the Attorney General, and is responsible for the prosecution of all HMRC cases in England & Wales.