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Man arrested in Thame over 'large-scale' money laundering case

Victims have been defrauded in the UK and around the world, according to Thames Valley Police.

Published by Dan Gooding at 12:25pm 5th May 2020. 3-minute read.

Man arrested in Thame over 'large-scale' money laundering case

As part of a money-laundering investigation, a man from Thame has been arrested.

Victims have been defrauded in the UK and around the world, according to Thames Valley Police, who carried out a warrant this morning (Tues).

Officers from the Thames Valley Police Criminal Finance Team entered and searched the property.

A 53-year-old man was arrested and remains in custody.

This action relates to substantial sums of money obtained from a number of fraud offences committed between September 2019 and December 2019.

These included romance fraud committed against vulnerable victims.

Senior investigating officer, Detective Inspector Duncan Wynn, of the Economic Crime Unit, said:

“This morning we have executed this warrant as part of a large and complex money laundering investigation.

“The person in custody has been arrested on suspicion of money laundering and fraud offences.

“Criminals rely on their ability to launder their criminal money. We work closely with UK financial institutions to target and disrupt this activity. Money launderers are key components of organised crime networks and our Criminal Finance Team has been set up to combat this element.

“As we continue with our investigation, I hope that the action taken today reassures the local communities that we take these offences seriously. We are working hard to restore losses to the victims and to ensure criminals do not benefit from their crimes.

“During these unusual and difficult times, unscrupulous criminals continue to target and exploit vulnerable victims. We take this opportunity to remind people to be extremely vigilant, particularly if contacted by telephone and asked to transfer sums of money.

“Take five minutes to think carefully before carrying out any transaction involving the transferring or withdrawing of funds. If in any doubt do not transact and contact your bank for advice.”

Romance fraud is the practice of fraudsters using dating websites and apps to create fake profiles and form relationships. They often gain trust from their victims and then ask for money, or even steal identities.

Three simple ways to protect yourself from falling victim to a romance scam are; not giving away too many personal details, never send or accept money from someone you’ve only met online and use a reputable dating website or app and use their messaging service. 

Get more advice here.

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