Dominica’s Financial Intelligence Unit’s (FIU) Director, Mr. McKelson Ferrol said despite the difficulties encounter after the passage of Hurricane Maria, his department feared “well” working in conjunction and in close collaboration with the Customs and police.
He made his comments at a press conference organized by the Ministry of Justice to update the general public on the status of the operation of that department.
The FIU he said remains committed to the fighting against money laundering and the pledges its unwavering support in its efforts to implement a robust and
“Two accounts were established to ensure that funds seized or forfeited by persons are effectively managed. The proceeds of crime detain accounts serve as escrow for funds until case is settled while the assets forfeiture account is the final for funds fortified and as of December 2018 the FIU had on its assets forfeiture funds 2.45 million and proceeds of crime detain funds $530 thousand dollars,” he said.
He stated that in the conduct of its functions the FIU had charges preferred against three individuals and withdrawal of two charges. Six investigations were actively considered.
“The FIU currently manages two restraining orders against multiple assets linked to money laundering and continues to investigate and prosecute civil cash and property forfeiture cases and number of them is before the court,” Ferrol stated.
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