HMRC has seized £1.5 million in cash and arrested 13 people in June during a UK-wide operation targeting suspected money laundering.

150 officers from HMRC executed 28 warrants across London, Bedfordshire, Wiltshire, Kent, County Armagh and Deeside, and arrested eleven men and two women on suspicion of laundering tens of millions of pounds.

Four high value cars worth around £400,000 were also seized and nine bank accounts were frozen, worth a total of £520,000.

Simon York, director of HMRC's fraud investigation service, commented: “Money laundering and the organised crime it supports is hugely harmful to ...