Scottish bank in $50m inquiry
Thursday 02 September 1999
A National Crime Intelligence Service report said the source of the money was Semion Mogilevich, the Ukrainian at the centre of allegations that $10bn was laundered through the Bank of New York.
In an attempt to launder his illegal gains, Mogilevich set up three accounts with an unsuspecting London law firm, Blakes. One of the firm's principals, Adrian Churchward, 53, from Romford, east London, was married to Mogilevich's ex-wife, who knew nothing of the mafia don's criminal activities.
Large sums of money started going through the hands of the London lawyers. This attracted the attention of police, who raided the homes of the lawyers in May 1995, and seized pounds 2m from their account at the Royal Bank of Scotland. No prosecutions followed.
Because the money was put in the Blakes' client account, none of the transactions came to the notice of the money laundering reporting officer of the Royal Bank. The bank's attitude was that it didn't need to check because the Law Society was responsible for regulating solicitors' firms in respect of money laundering, said the NCIS report. The bank was not aware that the money came from Mogilevich.
- 1 Caitlyn Jenner car crash: Driver who died in collision sued by surviving passengers for $18.5m
- 3 Watch the Supermoon live: How to see the brightest Moon of the year tonight
- 5 The 20 toughest job interview questions in the world
Caitlyn Jenner car crash: Driver who died in collision sued by surviving passengers for $18.5m
Pictures show young Palestinian girl biting Israeli soldier trying to detain boy during West Bank protests
Celebrity Big Brother 2015: Tila Tequila kicked off show after 'describing Hitler as a good man'
Watch the Supermoon live: How to see the brightest Moon of the year tonight
Hulk Hogan wants to be Donald Trump's running mate in the US Presidential election
Climate change: 2015 will be the hottest year on record 'by a mile', experts say
'Women only' train carriages: Jeremy Corbyn unveils radical move to tackle public harassment
Black holes are a passage to another universe, says Stephen Hawking
Iain Duncan Smith 'should resign over disability benefit death figures', says Jeremy Corbyn
Stock up on canned food for stock market crash, warns former Gordon Brown adviser
Labour leadership: Jeremy Corbyn voters most likely to believe 'world is controlled by a secretive elite'
£18000 - £30000 per annum: Recruitment Genius: A Sales Executive or Senior Sal...
£40000 - £55000 per annum: Recruitment Genius: This is an exciting opportunity...
£22000 per annum: Recruitment Genius: This industry leading company produces h...
£20000 - £40000 per annum: Recruitment Genius: This IT provider for the educat...