Man jailed for money laundering charge

January 15, 2013

A 52-year-old man has been jailed two years and four months by the District Court for conspiracy to launder money.
 
Police received reports that 26 overseas victims remitted about $1.8 million in handling fees to several remittance agencies and a bank account that belonged him from March 2010 to January 2011, after they received phone calls claiming they had won lotteries.
 
Police found he acted on the instructions of an unknown man to withdraw the sum on various occasions from those remittance agencies and his bank account.
 
He then handed the money to the unknown man to receive a reward of up to $500 on each occasion.