ROSEAU, Dominica– The Financial Intelligence Unit (FIU) says it is continuing investigations into the discovery and seizure of almost one million EC dollars (One EC dollar=US$0.37 cents) during an exercise in the town of Portsmouth, north of here last month.
FIU director, McKelson Ferrol, said that on April 20, together with the police and Customs Department, they intercepted US$332 250 from an unidentified man.
He said a brown box from St. Marten on board a cargo ship was examined by Customs and found three soap powder boxes containing “a clear vacuum-sealed plastic pack” with US currency. He said a fourth bag was also intercepted containing US dollars.
He said that the FIU has since started a “parallel” investigation. The money seized “should be handed over to the FIU…and an application was filed for the forfeiture of the cash under the Proceeds of Crime Act”.
He said the matter is now before the Magistrate’s Court, and that investigation continued.
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