Stan Reiz KC represented defendant accused of conspiring to launder tens of millions of pounds of cash through cryptocurrency trades in the UK, UAE and Iran

Stan Reiz KC represented SS who was accused of playing a ‘significant role’ in an international money laundering conspiracy. The prosecution claimed cash from criminal conduct in the UK was removed from the jurisdiction by complex cryptocurrency trades and thereafter converted back into cash in Dubai. A network of money launderers operating in countries including the UK, UAE and Iran facilitated the operation over a 3 year period. The prosecution initially suggested that $170 million had been laundered by the conspirators, although at trial, they maintained it was at least tens of millions of pounds. After the start of the trial, following late guilty pleas by others, SS agreed to plead guilty to an alternative offence on a limited basis and was sentenced to 3 years imprisonment.