Head of the Financial Intelligence Unit (FIU), Matthew Langevine yesterday said that since taking office a year ago, 25 intelligence reports have been submitted to the Special Organized Crime Unit (SOCU), the entity’s investigative arm.
Langevine who was responding to questions from reporters following a signing ceremony with the State Assets Recovery Agency (SARA), said that an amendment to the anti-money laundering legislation had affected the unit’s review of many cases.
“There was a problem where an amendment to the legislation was required because the statute had made provisions for the cases to be tried summarily so it would have had to be completed within six months of the investigation”, he said.
