On the 23rd of January 2023 former employee of a local banking institution appearing before Justice V. Georgis Taylor-Alexander was sentenced to 3 years for the offence of Money Laundering.
The defendant, Nina Duncan, was originally charged for the offence of stealing by reason of employment the sum of One Hundred and Sixty Seven Thousand Dollars ($167,000.00) from a customer’s account at the institution.
In addition to the stealing charge Duncan was also charged with the offence of Money Laundering by investigators attached to the Financial Intelligence Authority, after it was discovered that some fifteen thousand dollars from the proceeds of the theft has been transferred out of Saint Lucia through a money remittance establishment.
Ms. Duncan who had previously pleaded guilty to both offences on a previous occasion before the High Court was also sentenced to a term of one year on the stealing charge which is to run concurrently with the three years sentence for money laundering.
SOURCE: Financial Intelligence Authority