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

The Supreme Court will today start hearing the appeal in the case of XX v Whittington Hospital NHS Trust. The case concerns whether a claimant can recover the costs of surrogacy utilising different methods both within England and Wales but also utilising commercial surrogacy arrangements in California....

Date: Mon, 16 Dec 2019
Counsel from No5 Barristers’ Chambers have successfully represented two officers who were alleged to have discriminated against a member of a public by reason of his race....

Date: Thu, 12 Dec 2019
Counsel from No5 Barristers’ Chambers prosecuted and defended (Mike Duck QC prosecuting and Ian Bridge defending) in the recent high profile and tragic case involving the death of Dr Suzanna Bull....

Date: Wed, 11 Dec 2019