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UK Court hears gold dealer deposited more £265M in ‘used notes’ into Natwest account as Prosecutor says it was ‘blindingly obvious’ cash was from proceeds of crime

By Elizabeth Hearst for AMLi

A British court has heard shocking details of one of the UK’s largest alleged money laundering operations with more than £265M in “used notes” deposited into a NatWest account by a gold dealer. 

The trial heard that between January 2014 to September 2016, more than £265M in cash and unknown deposits were paid into the NatWest bank account held by Bradford-based gold dealer, Fowler Oldfield. 

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