The pair are being quizzed following a series of dawn raids

A man and a woman have been arrested at an address in Wembley during a series of dawn raids targeting suspected money launderers.

Officers from the City of London Police stormed the property, eight other across London and two in Bolton as part of an intelligence-led operation.

A 57-year-old man and 50-year-old woman are being questioned by detectives after being held on suspicion of money laundering.

The operation is still ongoing and more arrests are expected to be made throughout the day.

DI James Clancey, from the City of London Police, said: “Today’s nationwide operation was an important step in an investigation into what we believe to be an extensive criminal network moving tens of thousands of pounds from the UK into the sub-continent and Far East on a daily basis.

“Money laundering is a serious crime facilitating serious criminality that is costing UK PLC hundreds of millions of pounds each year, money it can ill-afford to be losing. City of London Police is committed to working with national and international agencies to dismantle such networks that are being used by organised crime gangs to shift their ill-gotten gains.”