Money Laundering

Money Laundering Ring Smashed In Montego Bay

Montego Bay, Jamaica (McKoy’s News)- Money Laundering Ring Smashed In Montego Bay: Investigators attached to the Anti-Lottery Scam Task Force, are now questioning a woman who was taken into custody at  premises in Montego Bay, after cash amounting to Jamaican $1.7 million, and US$ Ten Thousand and Fifty were seized on Friday.

Reports are that between the hours of 11:30 am and 5:30 pm, the joint team carried out an operation at an Apartment Building, located at Morgan’s Road in  Iron Shore,  Montego Bay. Following a search of the house,  cash estimated at over Three Million Jamaican dollars was seized.
The lawmen say they believe that this money could be proceeds from the illegal Lottery Scam and also drug smuggling. They also pointed out that the woman in question is out on bail for a similar offense, where she was caught in possession of other large sums of cash.

The police reported that during the first week of October, she  and two other women  were held at the Sangster International Airport in Montego Bay, after they arrived from the USA. The  police thought their actions suspicious all three women were searched, and cash amounting to over US$200.000  was found in their possession.

All three women  were arrested and charged with money laundering activities.

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