home  news  study zone  career advice  pq awards  free mag  advertise  contact  nq mag
PQ magazine is for part qualified accountants.

Read the latest web issue here if you like what you see sign up today

Latest News

Laundering 100,000 a week!

01 July 2019

Two Chinese students ran a 100,000-a-week money laundering scheme from their rooms in a UK hall of residence, it has been claimed.

Bin Bin Ding and Juxin Guo, who studied at Aberystwyth University in Wales, were caught at Euston station with 100,000 in 20 notes. While Ding carried the money, Guo had a series of accounting records written in pink paper

The court at Old Bailey was told that Bin Bin Ding contacted fellow Chinese students using WeChat offering sterling in exchange for renminbi.

At first Ding started small, laundering 1,000 a week, but it rose to 100,000 in the week before this arrest.

[«all news]
preload preload preload preload
Subscribe to RSS