Money Laundering

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A man linked to serious organised crime has been jailed over a money laundering plot worth almost £12 million. Ronald Russell, 47, of Linwood, Renfrewshire, was sentenced to four years and six months in prison at the High Court in Glasgow after admitting his role in the scheme. Mr Russell trie

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Three former solicitors are among five men convicted of money laundering, The Times reports. Former lawyers Iain Robertson, 69, David Lyons, 71 and Alistair Blackwood, 68, were convicted alongside Mohammed Aziz, 61, and Robert Ferguson, 67, following a trial at the High Court in Glasgow.

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The average prison time for money laundering offences rose to a record high of 27 months last year after the introduction of new sentencing guidelines, the Financial Times reports. Research undertaken by Thomson Reuters showed that the average length of jail sentences for offenders convicted of mone

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