December 10, 2017
The Government could get a financial windfall from the Financial Investigations Division (FID), which is sitting on just over $1.2 billion in cash, money it has taken from persons suspected of being involved in criminal activities.
The FID was established by the Government to stamp out money laundering and related crimes, and the cash was seized over the last decade using the Proceeds of Crime Act (POCA). The money is now being held in an interest-bearing account until the courts determine whether it should be forfeited to the State, at which time it would go into the Consolidated Fund.
