Money laundering operation sees man arrested and large quantity of cash recovered

Police have seized a large quantity of cash, a sum of gold and a cash counting machine from Nottinghamshire addresses.

By kyle wilson
Sunday, 19th July 2020, 11:52 am
Updated Sunday, 19th July 2020, 11:52 am

A 42-year-old man has been arrested on suspicion of money laundering following an investigation involving the Proceeds Of Crime Act (POCA).

The Financial Investigation Unit and other teams from Nottinghamshire Police enforced warrants at addresses in Nottingham and Mansfield on, Thursday, 16 July.

Police seized jewellery including high value watches and heavy metal chains, a large quantity of cash and a sum of gold.

A man has been arrested following a money laundering operation.

Detective Inspector Nikki Smith said: "I'm really pleased with our ability to use POCA to enforce this kind of action and seize cash and other items from people who are clearly living beyond their legitimate means.

“We are actively working to uncover anyone who is benefitting from crime in this way and ensure their assets are removed if derived from criminal conduct.”

The man has been released under investigation while enquiries are continuing.