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Court Orders Forfeiture Of Nearly $200M In Assets Linked To Drug Kingpin Deedo

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‘Scamming and identity theft… honesty gone south’

The Webster Memorial United Church is set to stage an informative advocacy forum entitled ‘Scamming and Identify Theft… Honesty Gone South’ at the Half-Way-Tree Road church on Thursday, September 27, 2018 beginning at 5:30 pm.

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10) If a financial institution knowingly withheld or failed to report a suspicious transaction, can the institution be penalized?

November 19, 2013

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A financial institution or a regulated business that fails to make a report or comply with a disclosure order commits an offence and is liable upon conviction before a Resident Magistrate Court (now Parish court) to a fine not exceeding $400,000.00
A person commits an offence if he fails to disclose information regarding transactions believed to be related to money laundering and is liable on conviction before a parish Court to a fine not exceeding $1m, or imprisonment for a term not exceeding 12 months or both.
On conviction in a Circuit Court to a fine or imprisonment for a term not exceeding 10 years or to both fine and imprisonment