Financial Investigations Bureau (FIB) detectives yesterday succeeded before Chief Magistrate Maria Busby Earle-Caddle at the Port of Spain Magistrates’ Court with an application to have $410,100 forfeited and deposited into
Court grants order to forfeit $400,000 from accountant - Trinidad and Tobago Newsday newsday.co.tt - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newsday.co.tt Daily Mail and Mail on Sunday newspapers.
The income from the Seized Assets Fund is allocated to prevention, assistance and social and labour insertion programs for drug addicts, as well as prevention, investigation, prosecution and repression of drug trafficking and money laundering crimes and international cooperation in the matter. The Seized Assets Fund for illicit drug trafficking and other related crimes, managed
Minister of National Security presents instruments of appointment to members of the Seized Assets Advisory Commitee news.gov.tt - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news.gov.tt Daily Mail and Mail on Sunday newspapers.
Al-Rawi wants US$123m in proceeds of crime returned to this country
Attorney General Faris Al-Rawi. -
ATTORNEY GENERAL Faris Al-Rawi on Thursday piloted a bill in the Senate which he said could help return to Trinidad and Tobago some US$123 million in money deemed to be the proceeds of crime.
Senators debated the Miscellaneous Provisions (FATF Compliance) Bill 2020, which amends several bills including the Proceeds of Crime Act (POCA).
The explanatory notes to the bill say it will “empower the Minister of Finance, by order, subject to negative resolution of Parliament, to determine other areas or purposes for which money in the Seized Asset Fund may be used.”