Almost half billion US dollars laundered in Trinidad and Tobago

More than three billion dollars (US$467 million) were laundered in Trinidad and Tobago over the last four years, according to information reported to the Financial Intelligence Unit (FIU), Susan Francois, director of the unit, disclosed on Wednesday.

According to Newsday, she said the sum was reported by financial institutions and businesses as the suspected receipts of criminal activity.

“This was not legal money, this was money that the financial institutions and businesses reasonably suspected came from crime,” she said.

Read more at: http://caribbeannewsnow.com/topstory-Almost-half-billion-US-dollars-laundered-in-Trinidad-and-Tobago-28887.html

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