Barnett was stopped on 26 November 2009 near Marble Arch carrying a satchel found to contain 535,000 euros in 200 euro notes.He also had a receipt from a nearby money service bureau called Interchange.
Convicted blackmailer Keenan contacted the police station a few days later, claiming he had asked Barnett to carry out the transaction, and was promptly arrested on suspicion of money laundering.Investigations revealed Keenan used a stolen identity to set up his Interchange account.Since opening the account in April 2008, Keenan and Barnett had made more than 300 transactions totaling more £17million.
The money was generally brought in for exchange in £20 notes in large bags.The pair admitted money laundering but initially claimed the cash came from illicit gambling on horse racing.
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