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.
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.
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.
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.