Bermuda Police Confiscate Over $1.0 Million in Money Laundering Cases

The Bermuda Police Service (BPS) has seized over $1.0 million in illicit funds as a result of their investigations into money laundering since 2021. Here’s a breakdown of their recent accomplishments:

Seizure of Over $600,000 in Illicit Funds

Five individuals have been convicted and sentenced in connection with money laundering cases that resulted in the seizure of over $600,000.

The BPS statement reads, “These successes were achieved through a collaborative effort between partner agencies, all united in their dedication to upholding the law and pursuing those who break it.”

Current Cases in the Courts

Currently, several additional cases are proceeding in both the Supreme and Magistrates’ Courts, involving over $400,000 in suspected illegal funds.

BPS’s Commitment to Tackling Money Laundering

Detective Chief Inspector Jason Smith of the Specialist Investigations Unit (SIU) emphasized the BPS’s commitment to tackling money laundering. Smith said, “The BPS remains unwavering in its pursuit of those who choose to engage in criminal activity. We encourage anyone with information regarding suspected money laundering offenses to come forward. Together, we have the power to make a difference.”

Partner Agencies’ Role in Securing Positive Outcomes

The Department of Public Prosecutions commended the detection and prosecution efforts. According to a spokesperson, “We are pleased with the current detection rate of money laundering offenses that have led to successful prosecutions and convictions before the courts. We express our gratitude to the investigating officers and partner agencies for their crucial role in securing these positive outcomes.”

Conclusion

The Bermuda Police Service remains committed to tackling money laundering with the support and cooperation of its partners in law enforcement.