Bureau de change boss jailed for laundering £ 170 Million of criminals' cash

Wed, 06 Feb 2013

Ussama El-Kurd, 64, has been jailed for nine years after setting up ‘Kensington Money Exchange’, a bureau de change, and helping to clean up almost £170millon of criminal cash.
El-Kurd’s wife Randa, 51, and son, Hussain, 22, helped to run the business, which was set up in 2006 whilst he was on bail for a previous money laundering conviction, which was quashed on appeal.
Mr Justice Irwin said, “That volume of money laundering represented the proceeds of no doubt drug dealing, no doubt extortion, no doubt robbery and violence and all the other aspects of major crime”.
Ian Bridge represented Mr El Kurd at the Old Bailey having successfully represented Mr El Kurd at his appeal and retrial from 2006-8.

Related articles

No5 Barristers' Chambers will be observing a one minute silence at 11:00 for key workers who have died in the coronavirus pandemic....

Date: Tue, 28 Apr 2020
On 24th March 2020 we implemented stage two of our Covid-19 strategy...

Date: Thu, 26 Mar 2020
Like all of you we are feeling the effects and dealing with the challenges...

Date: Fri, 20 Mar 2020