UK's NCA to freeze 95 students' bank accounts amid money laundering suspicions

Pedro Gonçalves
clock • 2 min read

The National Crime Agency (NCA) and other UK law enforcement bodies have  applied to courts around the country in a co-ordinated operation  to freeze 95 accounts containing an estimated £3.6m of suspicious funds. The accounts are held mainly by Chinese students at UK universities, who appear to have been targeted by organised crime groups to launder the proceeds of crime. Such individuals are sometimes known as 'money mules,' because they often do not know what the third party is really using the account for, and may not know that operating a bank account in this manner is potentially il...