National Security Minister Commits to Protecting Borders

National Security Minister, Hon. Dr. Horace Chang, says the Government is committed to ensuring that its capability to protect the country’s borders is significantly improved.
Foreigners who attempted to leave the island with illicit money fined

The three foreigners who were charged as they attempted to leave the island with US$93,000 and other currencies have been found guilty.
Ingrid Asatie and Claudia Clijdesdale, who are both from Suriname, were each fined $100,000 or 6 months in prison for possession of criminal property and $50,000 or 6 months in prison for concealment of criminal property and facilitating the retention of criminal property.
Gov’t seeking forfeiture of over $203M from businesswoman

The Assets Recovery Agency is seeking the forfeiture of over $203 million dollars from businesswoman Lan Yan which it alleges she obtained by illegal means.
The agency has filed a pecuniary penalty order against her pursuant to section 5 of Proceed of Crime Act (POCA) in the Home Circuit Court.
Court Orders Forfeiture Of Nearly $200M In Assets Linked To Drug Kingpin Deedo

The Supreme Court has ordered that nearly $200 million in assets and properties linked to drug kingpin Norris ‘Deedo’ Nembhard should be forfeited to the government, the Financial Investigation Division (FID) has confirmed.
‘Scamming and identity theft… honesty gone south’

The Webster Memorial United Church is set to stage an informative advocacy forum entitled ‘Scamming and Identify Theft… Honesty Gone South’ at the Half-Way-Tree Road church on Thursday, September 27, 2018 beginning at 5:30 pm.

Financial Investigations Divisions

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A division of the Ministry of Finance & the Public Service

Advisories

Role and Relationship of the JCF in Conducting Financial Investigations

FID (TPA) Advisory to Financial Institutions

Every regulated entity is required to report to the Designated Authority (DA) once in every four (4) calendar months, or in response to a request made to it by the DA, whether or not it is in possession or control of any property owned or controlled by or on behalf of a listed entity.

DRAFT - POCA Guidance Notes to FI’s and DNFI’s

The FID is empowered to issue guidance to Financial Institutions and Designated Non-Financial Institutions pursuant to section 5(2) (c) of the Financial Investigations Division Act after consultation with the relevant Competent Authority.

This guidance notes document is in draft form. The FID has requested feedback preparatory to final issues in January 2018.

REMINDER - FATF Public Statement

Public Statement – June 2019

Improving Global AML/CFT Compliance: On-going Process – 21 June 2019