The founders, executives and several employees of a UK construction firm have collectively been jailed for 90 years for money laundering and fraud for under-the-table construction payments made to subcontractors. The company hired contractors and paid them under-the-table, without paying the requisite payroll or sales taxes or making other employment-related contributions, totalling £8 billion. To facilitate prosecution, the construction company participants were deemed to have operated as a “gang”, an interesting legal approach not usually used in financial crime in the UK. The construction industry is generally higher risk for tax evasion and money laundering because of the high incidents of under-the-table, or off the books payments to subcontractors.
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