From: RegTech Analyst
The Crown Prosecution Service has ordered convicted money launderer Thomas ‘Tommy’ Adams to repay more than £1,24m for his part on a money laundering network.
Adams and his associates had been arrested after undercover police heard him discussing the illicit activity at a central London café and after the associates were seen handing over a bag full of cash at Euston station. Investigators also found a ledger recording the money laundering activities.
The network has been convicted to serve more than 30 years collectively in jail.
Adams’ had made a total of £1,243,270.75 from his criminal endeavours. That’s the money he has now been ordered to pay back.
“Mr Adams was previously sentenced to seven-and-a-half years for drug trafficking, yet he still thought he was above the law,” said Helen Hughes, special prosecutor at the Crown Prosecution Service. “Money lies at the centre of this criminality and today Mr Adams has been ordered to pay over £1.24m – handing over his dirty money for good or he faces a more time in jail.
“If at any point in the future we identify that he has other assets and has benefited to a greater extent, then we will apply to the court to increase the order and make him pay more. Criminals like this must be stopped, which is why we work tirelessly to get the highest confiscation orders available, so they can start to repay their debt to society.”
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