Chinese state-linked gangs ‘using students to launder money in UK’

They then pay the equivalent amount in Chinese currency to a bank account controlled by the group, which charges the “money mules” fees as high as 30 per cent. Finally, the Chinese group then makes an equivalent value of the cash laundered available to the original British-based criminals. The high fees for the mules mean that this service is often offered for free to criminals in the UK, undercutting other organised money-laundering operations. Britain is thought to be a leading market for such money laundering owing to the high number of Chinese students in British higher education — a total…