CAYMAN ISLANDS: CASH AND GOLD SMUGGLING CASE

On 11th June, the Cayman News Service reported on a case where prosecutors allege that 2 Venezuelan nationals charged with smuggling $135,000 in cash found hidden in a private plane at Owen Roberts International Airport on 30th May have direct “connections to the criminal underworld” across the Caribbean and the US.  An ongoing investigation continues into the cash found hidden under electrical panelling in the floor of the aircraft, as well as the transfer of some $6 million worth of gold through the Cayman Islands to Switzerland over the last 2 weeks of May.  One man has a previous conviction for money laundering and the other is also wanted in the US on other conspiracy charges relating to the smuggling of cash, drugs and gold.

https://caymannewsservice.com/2019/06/smuggling-suspects-crime-underworld/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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