Universities are accused of aiding money launderers in move branded a ‘welcome mat for kleptocrats’

Posted By TheNewsCommenter: From Dailymail.co.uk: “Universities are accused of aiding money launderers”. Below is an excerpt from the article.

Universities have been accused of aiding money launderers after letting students from ‘high-risk’ countries pay £52million of fees in cash.

The paper money from students was accepted by at least 49 universities in the UK spanning the past five years, with China noted as the country whose students paid the most cash.

Essex University received £5.4million in notes, followed by Manchester University at £5million, Surrey at £3.2million, Wolverhampton at £2.8million and Nottingham at £1.8million.

Security experts branded the move a ‘welcome mat for kleptocrats’, saying universities that accept cash are highly at risk of concealing the proceeds of crime.

Essex University (pictured above) received £5.4million in cash from students. The paper money was accepted by at least 49 universities in the UK spanning the past five years

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