F.C.I.B. facing charges for suspicious financial transactions
In news from the Magistrate Court, News Five has been reliably informed that First Caribbean International Bank was on Friday charged with one hundred and thirteen counts of failing to report suspicious transactions under the Anti-Money Laundering Act. The charges were originally served on Friday but had to be amended due to errors in drafting.
The Financial and Intelligence Unit has been investigating First Caribbean for transactions relating to the exchange of US dollars in the parallel market. News Five’s attempt to speak to the FIU were unsuccessful.
