Fri | Apr 28, 2017

One man held in major money laundering probe

Published:Thursday | May 28, 2015 | 5:07 PM

One man was taken into custody during raids today conducted by personnel attached to the Financial Investigations Division (FID), Mobile Reserve and the Counter-Terrorism and Organised Crime Branch.

The police said the man is being held in connection with an ongoing investigation into what is believed to be a major money laundering scheme.

They say the predawn operations were conducted at a number of premises on Dillsbury Avenue, Kingston 8 and Angels Estate in Spanish Town, St Catherine.

The police say several items were seized including bank statements, J$98,000, US$3,600, CI$360, five ipads, nine telephones, bank books and other paraphernalia.

They say the operations were carried out in the aftermath of the conviction of a Jamaican in Canada for major drug offences, following which information was shared with the FID.

The police say the raids are part of a money laundering investigation that has been opened in Jamaica involving the convicted money launderer and a number of family members and close associates.

They note that a number of properties, high value motor vehicles and bank accounts have been identified that are, at this stage, believed to be the proceeds of criminal activities.

Chief Technical Director at FID, Robin Sykes, stated that the FID is committed to taking the profit out of crime and will continue to go after perpetrators of the original crime as well as those who knowingly assist in the acquiring and hiding of assets by using monies from those criminal activities.