1 June 2018
A Chinese money launderer who was part of an organised crime group that paid more than £1.8 million in criminal cash into high street banks in just two weeks, has agreed to hand over more than £300,00 in a confiscation hearing.
Fen Chen, 32, was jailed for six years and three months in November last year after a National Crime Agency investigation.
Chen, her friend Ying Lin, 27, and two associates took bundles of bank notes into dozens of London banks between 30 July and 15 August 2016.
Chen cleaned money for an Albanian drugs gang.
NCA officers arrested her shortly after she accepted a bag containing more than £300,000 from Albanian Fation Koka, 30, in the car park of an Asda supermarket in Park Royal, London, on 15 August 2016.
Koka was jailed for 21 months and will be deported upon completion of his sentence. Lin was deported after serving a 14-month sentence.
Yesterday (Thursday), at Southwark Crown Court, Chen, of Lakeside Drive, London, agreed to hand over £317,487 – based on an assessment of her available assets. Her criminal benefit was judged to have been £2,799,998.
If she does not pay the sum within three months she will be sentenced to a further three-and-a-half years.
Mark Bannon, NCA financial investigations manager, said: “Fen Chen was a prolific money launderer and criminals like her are at the centre of serious and organised crime because they enable other high end criminals to clean their money.
“Money laundering is a priority threat for the NCA.
“Pursuing confiscation orders on top of criminal convictions is a weapon we can use to hit offenders in the pocket. We will keep hunting for any more assets Chen has.”