Anti-Financial Crime & Financial Crime Compliance
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AML, Compliance, Financial Crime

COURT: Former top UK AML expert convicted of laundering £850,000 linked to major investment scam

An AML and Compliance expert, who previously chaired the Association of UK Payment Institutions for 14 years, has been found guilty of laundering the proceeds of a £850,000 investment scam.

Dominic James Edward Thorncroft was convicted on one count of money laundering, one count of breaching money laundering regulations and four counts of retaining a wrongful credit, by a British jury yesterday.

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