Appeal court leaves FID in limbo – Ruling creates uncertainty over $150m seized under act

A ruling by the nation’s second highest court has placed in limbo some 40 cases involving close to $150 million in cash that has been seized by the Financial Investigations Division (FID) under the Proceeds of Crime Act (POCA).

The Court of Appeal, in its unanimous decision handed down last Monday, made it clear that the wrong procedure is being used before the Parish Courts to confiscate cash under POCA… Read More