On the 20th of March, 2024 officers attached to the Financial Intelligence Authority formally charged FABIEN JULIAN alias TOBY of La Ressource, Vieux Fort, for the offence of money laundering, contrary to Section 30 of the Money Laundering (Prevention) Act.
The charge arose from an incident which occurred in September of 2020 when the Police in the course of conducting an operation in the La Ressource area, recovered approximately EUR031,OOO.OO and EC$IO,OOO.OO cash in the possession of Julian.
Based on the suspicion that the money constituted the proceeds of crime, Julian was taken into custody on suspicion of money laundering and the matter was then handed over to the Financial Intelligence Authority for further investigation.
Following the detention of the money by the Authority and a comprehensive investigation into the legitimacy of the cash, Julian was charged for the money laundering offence.
Section 30 of the Money Laundering Act makes it an offence for a person to have possession of any property knowing or having reasonable grounds to believe that the property is in whole or in part directly or indirectly proceeds of criminal conduct.
The maximum penalty for the offence is up to two million dollars and or fifteen years imprisonment.
On the 21st March, 2024 Julian was taken before a Magistrate in the 2nd District Court where he was bailed in the sum of ten thousand dollars ($10,000.00) cash or suitable surety.
He is scheduled to appear in court at a later date to answer to the charge.
The Financial Intelligence Authority remains committed to working with other law enforcement agencies in an effort to combat money laundering and to protect the integrity of Saint Lucia’s financial system.
SOURCE: Financial Intelligence Authority
He had more than the bail amount in his possession. So what makes the magistrate believe that bail was not gained from the very act that he was arrested and charged for
Was he one of RF workers ? Just asking for a friend.
Here we go again. Peanut money for bail and he’s out to engage in more criminality.
I tell you, the justice system is full of shit, putting criminals on bail for peanuts. Anyways I say no more
Harsher punishment for money laundering that gun possession or cold blooded murder using such weapons.
So why the system always want to control money they are just jealous when the poor are making money so why they not going at the homes of the white elite and look for money. Is poor ghetto people that they are after Babylon have to fall…
It’s Called Jealousy,,How much money is too much for him or Her?
Slave Systems..
Slave driver and Anonymous, the money is suspected of being proceeds of crime which more than likely relates to drug trafficking and possibly all the associated ills associated with that trade, murder included. Rich or “poor” black or white the result should be the same. But one shouldn’t make asinine and uneducated statements to justify any illegal act by trying to play the race and class card. wrong is wrong.
I have a similar amount saved at home .Due ti the fact I have been scammed and my bank acoount have been robbed .
The interest the banks give on my savings is a joke while the high interest they charge on loans makes no business sense unless I am dealing drugs …..SO AM I TO BE LOCKED UP TOO
PWEVKWRHEAD, dont be or pretend to be naive and oversimplify the situation, the law will seize your cash if there is enough evidence to link it to criminal activity