Andy Verity and Tim Robinson BBC reports: A major accountancy firm covered up evidence of smuggling by an organised crime gang that was laundering British drug money, an investigation has revealed.EY failed to report suspicious activity at one of the world’s largest gold refineries and then altered a compliance report to hide the crime.

BBC Panorama found the gang laundered money by selling 3.6 tonnes of gold to the Kaloti refinery in Dubai. Both EY and Kaloti deny any wrongdoing. Twenty-seven members of the money laundering gang were jailed in France in 2017.

The gang had collected cash from drug dealers in the UK and other European countries. They then laundered the dirty money by buying and selling black market gold….BBC.com

EY helped smuggle drug money