Landmark Money Laundering Conviction for Antigua and Barbuda

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Wednesday, 18 July 2012 02:30

By caribarena news

Antigua St. John’s – Paula Peterson, a native of the Common wealth of Dominica who resided in St. Maarten, became the first person to be successfully tried and convicted under Antigua and Barbuda’s anti-money laundering laws.

In announcing the historic achievement, Director of the Office of National Drug and Money Laundering Control Policy (ONDCP), Lt. Col. Edward Croft commended the joint efforts of members of the Customs and Excise Division, the ONDCP Financial Investigations Department and the Office of the Director of Public Prosecutions.

On December 27, 2011, Peterson arrived at the VC Bird International Airport aboard LIAT flight #369, and was discovered by Customs officers to be carrying a large sum of money for which she had made a false declaration. The amount in question was US $60,406 and EC $300.

She was subsequently charged with three counts of money laundering and one count of making an untrue declaration to Customs.

She was subsequently convicted on guilty pleas of engaging in money laundering and concealing money which she had reasonable grounds to suspect was derived from unlawful activity.

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