AC-2025-LON-002199 - [2025] EWHC 2057 (Admin)

Fecha: 01-Ago-2025

Financial Analysis: 2018 to 2024

Financial Analysis: 2018 to 2024

11.

The analysis of banking information for the tax years 2018/2019 to 2023/2024, obtained via the Disclosure Order, shows a significant decrease in cash deposits but a substantial increase in transfers from and to third parties, indicating the continuation of suspected money laundering or the operation of an unregistered MSB. This shift appears linked to measures taken by the regulated UK banking sector in 2018 to combat money laundering, which included a reduction in the ability of individuals to bank cash into third-party accounts.

12.

Anomalies identified in this later period include:

£233,618.36 identified as likely banked cash.

ii)

£124,506.35 net expenditure in relation to their children, including private school fees.

iii)

£23,237.03 net expenditure in relation to Healthcare & Hospital.

iv)

£55,215.96 net expenditure in relation to ‘High End’ prestige designers and retailers.

£596,923.17 received across personal bank accounts in relation to ‘Third Party Transfers’.

vi)

£164,679.15 paid out across personal bank accounts in relation to ‘Third Party Transfers’.

vii)

£274,027.47 received across personal accounts appearing to concern transfers from the Respondents’ personal bank accounts in China.

viii)

Monetary transfers totalling £1,163,138.41 received from third parties, including PayPal receipts, possible restaurant income, and overseas transfers, against modest PAYE income.

13.

The Respondent’s personal finances, as with their company finances, are, on the available evidence, inconsistent with their declared income. There have also been payments to conveyancing solicitors coinciding with the acquisition of the three properties without the need for a mortgage or secured loan, despite the minimal PAYE income declared. The evidence in relation to the four assets which are the object of the order is as follows.