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Big confiscation order against money launderers
1:15 pm, Tue April 30, 2013
Justin Felice - Head of the Financial Investigations Division
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Two Jamaicans, who headed a major money laundering network, have been ordered to pay back nearly one million pounds or approximately J$150 million of their criminally acquired assets. The money is to be shared by the Jamaican and United Kingdom governments.
Fifty year-old Burnett Morris and his wife, Paulette, were ordered to forfeit the sum following a April 23 Proceeds of Crime legislation confiscation hearing at the Crown Court in London.
Mr. Morris will be forced to pay back more than £700,000 with nearly £200,000 being payable within the next six months. Mrs. Morris was ordered to pay back approximately £190,000, of which with £173,000 will be payable within the next six months.
Mr. Morris was linked to a money laundering network of seven people that led a lavish lifestyle from the proceeds of their criminal activities in the UK and Jamaica.
Justin Felice, Head of the Financial Investigations Division, told RJR News the confiscation was part of his agency's bid to take the profit out of crime. It will he said, "result in, hopefully, substantial amounts of money coming back to Jamaica."
At their trial in May 2011, the court heard how Mr Morris’, along with other members of the network, used associates and family members to send small amounts of money, often £900 a time. Over a six-year period, the network transferred more than £500,000 pounds .
1:15 pm, Tue April 30, 2013
Justin Felice - Head of the Financial Investigations Division
‹›
Two Jamaicans, who headed a major money laundering network, have been ordered to pay back nearly one million pounds or approximately J$150 million of their criminally acquired assets. The money is to be shared by the Jamaican and United Kingdom governments.
Fifty year-old Burnett Morris and his wife, Paulette, were ordered to forfeit the sum following a April 23 Proceeds of Crime legislation confiscation hearing at the Crown Court in London.
Mr. Morris will be forced to pay back more than £700,000 with nearly £200,000 being payable within the next six months. Mrs. Morris was ordered to pay back approximately £190,000, of which with £173,000 will be payable within the next six months.
Mr. Morris was linked to a money laundering network of seven people that led a lavish lifestyle from the proceeds of their criminal activities in the UK and Jamaica.
Justin Felice, Head of the Financial Investigations Division, told RJR News the confiscation was part of his agency's bid to take the profit out of crime. It will he said, "result in, hopefully, substantial amounts of money coming back to Jamaica."
At their trial in May 2011, the court heard how Mr Morris’, along with other members of the network, used associates and family members to send small amounts of money, often £900 a time. Over a six-year period, the network transferred more than £500,000 pounds .