Money Laundering

FIB: $100 bill changeover hurting criminals

The head of the Police Service’s Financial Investigative Branch (FIB) believes the current efforts to change T&T's cotton based $100 bills to polymer notes, would put a major dent in those engaging in criminal activity, seeking ways to wash their money clean.

Superintendent Wendell Lucas has confirmed that there has been an increase of suspicious and even counterfeit money going into circulation, since the exercise began last week.

Siparia Woman Appears in Court for Fraud and Money Laundering

A Siparia woman has appeared before a Siparia Magistrate,  charged with  the  fraudulent  use  of  an  ABM  card  and for money  laundering, which occurred between the period January 14th and June 3rd 2019.

According to an official police statement, 28-year-old Rhonda  Jasmine  Mitchell, a  customer  service representative,  of  Darsant  Trace,  Siparia,  was  charged  with  24 counts  of  fraudulent  use  of  an  ABM  card  in  sums  totalling TT$77,359.

She also was charged with  seven  counts  of  money  laundering  totalling TT$23,800.

Top cop meets with bankers

Commissioner of Police Gary Griffith gave a commitment to increased collaboration between the Trinidad and Tobago Police Service (TTPS) and the Bankers Association of Trinidad and Tobago (BATT).

The top cop and officers of special investigative units within the TTPS, met with representatives of this country’s commercial banking sector on Wednesday 30th October, at the office of the Commissioner of Police, Police Administration Building, Port of Spain.

158 money laundering cases before the courts in last two years

A total of 158 money laundering cases have been brought before the courts of Trinidad and Tobago by the Fraud Squad, between 2016 to present.

This was revealed by Senior Superintendent (Ag.) Totaram Dookhie, of the Fraud Squad, at the TTPS Weekly Media Briefing today.

Dookhie sid that arising out of some of the money laundering cases, restraint of tangible assets, such as real estate, motor vehicles, jewelry, and other luxury items, was done pursuant to the Proceeds of Crime Act, also inclusive of financial accounts.