Giuseppe Greco has been jailed for seven years by Ipswich Crown Court after attempting to smuggle £118,400 worth of drugs through Stansted Airport.

The man, Giuseppe Greco, 24 who was a carpenter from Sardinia attempted to smuggle the drugs on January the 16th 2008. For a reason that is still not clear Greco attempted to abandon his luggage containing the drugs at the airport but was stopped by Revenue and Customs officers.Greco, when challenged, claimed to have lost the keys for his baggage. However when they were scanned it was discovered that there were 33 rectangular packages inside them. As a result of the discovery the officers forced the locks on his baggage and a set of scales was found with most of the rectangular packages containing cannabis resin, along with two containing cocaine. Also inside were ten pellets that looked as if they had been made to be carried internally. Greco was sent to the local hospital to ensure that...

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Posted in: Stansted Airport

Lax regulation in Britain's Overseas Territories risks serious damage to the UK's reputation in the global financial system, an MPs' report has warned

Lax regulation in Britain's Overseas Territories risks serious damage to the UK's reputation in the global financial system, an MPs' report has warned.The House of Commons Public Accounts Committee noted that the Foreign Office had accepted the evolution of territories such as Bermuda, the Cayman Islands and the British Virgin Islands as tax havens, as a way of diversifying their economies.But it said that the territories' financial services lack the investigative capacity fully to tackle problems like money-laundering, and warned it was "complacent" for UK authorities to allow them to manage the risks alone.The committee called for the Foreign Office and UK crime-fighting agencies to bring in more investigators and prosecutors to bolster regulatory efforts in offshore financial centres for...

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Posted in: Foreign and Commonwealth Office