A former city detective has denied playing a role in two international frauds worth more than £5 million.
Christopher Taylor, 57, of Oxford Road, Wakefield, has been giving evidence in his defence at Ipswich Crown Court where he is on trial with four others.
It is alleged the scams involved an escort agency, which did not deliver dates, and a debt elimination fraud with upfront fees.
The prosecution claim that money laundered by businessman Taylor had come from two frauds controlled by Spain-based Toni Muldoon, who has pleaded guilty to two offences of conspiracy to defraud.
But Taylor, an ex-West Yorkshire police detective, has pleaded not guilty to conspiracy to defraud and money laundering.
Taylor told the jury yesterday that as a former police officer he would not have had any dealings with transactions which were illegal.
It is alleged that Taylor used his directorship of Wakefield-based First Debt Recovery Ltd to launder the proceeds of fraud between September 2007 and September 2010. The company is not accused of any wrongdoing.
Giving evidence, Taylor said the allegations were unfounded and that he was aware of his responsibilities as a company director.
Taylor said that before setting up the debt recovery business he had met with representatives of West Yorkshire Trading Standards and been given advice on how to avoid becoming involved in money laundering.
Also on trial facing the same charges are Geraldine French, 60, of Lowestoft, Bradley Rogers, 29, of Malaga, Colin Samuels, 61, of Redgrave, Suffolk and Mark Bell, 41, of Ipswich.
The trial continues.