The Law Society has reported that a solicitor from Manchester has been jailed for seven years for fraud after providing conveyancing services to a gang of criminals
Ross McKay became known to the criminal fraternity for not asking questions when completing around 80 property deals. Mortgages were obtained from lenders by lying about income and the real source of the cash had not been disclosed. Money used by the gang to buy properties was from drug deals and tax evasion.
All the criminals McKay worked for have been convicted of fraud and money laundering offences.
In sentencing, McKay was told that although he came across as an ordinary solicitor, he had been fully aware of what the gang were up to and in fact assisted in organised crime.
It is important for any professional to carry out the required money laundering checks or risk losing their license and even their liberty.
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