Operation Weeting: 42-year-old woman arrested over alleged money laundering - The Guardian Operation Weeting: 42-year-old woman arrested over alleged money laundering - The Guardian

Monday, May 28, 2012

Operation Weeting: 42-year-old woman arrested over alleged money laundering - The Guardian

Operation Weeting: 42-year-old woman arrested over alleged money laundering - The Guardian

A 42-year-old woman has been arrested by police investigating phone hacking on suspicion of money-laundering offences.

The woman was arrested by appointment at a south-west London police station on Monday morning by Metropolitan police detectives from Operation Weeting.

Police said the woman was being questioned in a statement shortly after 1pm on Monday.

Scotland Yard said: "A 42-year-old woman [W] was arrested this morning, Monday 28 May 2012 by officers from Operation Weeting, the Metropolitan Police Service (MPS) investigation into the hacking of voicemail boxes.

She was arrested after attending a south-west London police station by appointment at approximately 11:00hrs on suspicion of money laundering offences, contrary to section 327 of the Proceeds of Crime Act 2002 and is currently being questioned."

Scotland Yard confirmed that the woman is the first to be held on suspicion of money laundering offences as part of its Operation Weeting probe.

The force could not confirm whether the woman is a journalist or public official. She is the 25th person to be arrested as part of the investigation into phone hacking.

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Banks told to display 'your money is protected' notices - Daily Telegraph

The notices will also have to state whether banking licences are shared with another brand, as in this case customers who have money in both are still subject to an overall compensation limit of £85,000.

For example, Halifax and Bank of Scotland – which also own BM Savings – count as one group, whereas NatWest and Royal Bank of Scotland are treated as separate entities by the FSCS.

Andrew Bailey, the FSA's director of UK banks and building societies, said: "Customers need to feel confident about their money and to do this they need to know what the compensation limits are and which scheme would provide cover in the event of a bank, building society or credit union failure.

"Too many people assume that because their branch is located on a local high street in the UK, they are covered by the FSCS. This is not true for UK branches of EEA [European Economic Area ] banks where the home country's deposit guarantee scheme applies."

He added: "Banks, building societies and credit unions will have to display these compensation stickers or posters in the branch window along with a sticker at the cashier's window or desk and a further poster in a prominent position inside."

Similar stickers must also be displayed on websites. The rules will take effect on August 31.


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