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UK drug barons ditch banks for money service businesses

1 month ago   |   By The Guardian

Met's head of specialist crime says MSBs are now thought to be main way to launder cash Drug barons have moved from laundering cash through banks to using smaller money service businesses, Scotland Yard's head of specialist crime has said. DCS Michael Gallagher told the Guardian the network of 34,000 money service businesses was suspected of being the main way for those involved in serious and organised crime to move their money around.
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