Financial Intelligence Unit does well after Maria says Unit chief

Mckelson Ferrol

Director of the Financial Intelligence Unit (FIU), McKelson Ferrol, said despite the difficulties encountered after the passage of Hurricane Maria, his department “fared 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 operations of that ministry’s various departments.

He said the FIU remains committed to fighting against money laundering and the pledges its unwavering support to efforts to implement a robust and investor friendly  anti -money laundering  and counter financing and  anti-terrorism climate in Dominica

“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 forfeited and as of December 2018, the FIU had on its assets forfeiture funds, 2.45 million dollars and proceeds of crime detain funds of $530 thousand dollars,” Ferrol said.

He revealed 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,” The FIU chief stated.

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6 Comments

  1. Blow
    January 11, 2019

    The FIU is doing nothing to curb money laundering in Dominica, all these guys do is dress for photo opt try to speak good English, lie and waste time. this gentleman should be aware he will soon be back in the police force. incompetent.

  2. Da
    January 11, 2019

    This FIU is a cover up for DLP sellers of Passports. They are the ones who should be investigated

    • John Jay
      January 11, 2019

      And not only this, see who is in charge of that 7nit what training he has . From a police officer in Morne Bruce to FIU. sqaure pegs in round hole

  3. January 11, 2019

    Except there is a clause in the Laws stating that the names of persons being prosecuted cannot be published; give us some more details bro it’s called TRANSPARENCY the right of the public that you serve to know.

  4. Paul
    January 11, 2019

    He said the FIU remains committed to fighting against money laundering and the pledges its unwavering support to efforts to implement a robust and investor friendly anti -money laundering and counter financing and anti-terrorism climate in Dominica

    This has to be the most incompetent FIU in the world… I mean this guy is saying they committed in fighting against money laundering? What? Monfared was here in Dominica what we’re you all doin?? Ng lap Seng was arreSted what were you alll doing?? The oil minister ? The Panama paper was out ..what have you all done about the fake companies you damn currupt waste of time FIU.

    What about the drug men arround this country that owning 1 2 3 vehicles and ain’t working nowhere? Aren’t you all coneeded about the illegal money coming into and out of this country… what kind of FIU is that? You people not concorned about the vast amount of money accumtated by the PM? ?

  5. Neville
    January 11, 2019

    Ferrol, if you are doing so well how comes that some well known labour operatives are still not being prosecuted. But t why ask you in the first place, you are nothing but one of Skerrits puppets.

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