Tag: money laundering
ACC arrests West Bay woman in undisclosed probe
(CNS): Investigators from the Anti-Corruption Commission arrested a 34-year-old woman from West Ba on Thursday for two money laundering offences under the Proceeds of Crime Act. However, in keeping with the ACC’s tight-lipped approach to the work it does and the arrests it makes, officials have given no details of the investigation, the alleged offence […]
Watson’s jail time cut by year, conviction stands
(CNS): Canover Watson will be serving twelve months less in jail than expected after the Cayman Islands Court of Appeal cut his eight-year term to seven last week in relation to his conviction in a $1.5 million CONCACAF fraud. However, his appeal against conviction was rejected. CICA President Sir John Golding said Watson’s convictions for […]
Two men arrested in ACC investigation
(CNS): Two men have been arrested by Anti-Corruption Commission investigators. Douglas Anthony Smith (48) of North Sound Estates and Shaun Michael Abshire Scott (24) of George Town have each been charged with three offences: conspiracy to commit fraud on the government, contrary to the Anti-Corruption Act, obtaining property by deception, contrary to the Penal Code, […]
Police on hunt for Brazilian men accused of theft
(CNS): The RCIPS and Customs and Border Control are asking the public to help them track down Vitor Domingo Valentini Dos Reis (33), who also goes by the name Marcio Vicente Rod Novaes, and Brenno Neves Florencio (25). The men, who are known to associate together, are both Brazilian nationals here on Grand Cayman as […]
ACC charges two men with deception, money laundering
(CNS): The Anti-Corruption Commission has charged two George Town men with a list of criminal offences in relation to an undisclosed, mysterious corruption probe that was described by investigators as “complex and protracted”. Maxwell Renal Linwood (46), a former public officer who, CNS has learned, was previously employed at the Department of Environmental Health, and […]
Visitors charged with ATM fraud
(CNS): Two Chilean nationals appeared in court Monday charged with theft and money laundering in an ATM fraud involving four machines in George Town belonging to an undisclosed bank. Police began investigating the case on 16 April after the local bank discovered that the teller machines had been compromised after users’ account details were copied. […]
Watson and Blake jailed in CIFA fraud case
(CNS): Former CIFA and CONCACAF executives Canover Watson and Bruce Blake were both sent to jail by Chief Justice Margaret Ramsay-Hale on Wednesday, following their conviction in October last year in relation to a football fraud. While Watson was handed an eight-year term, reflecting his leading role in the fraud and money laundering, Bruce Blake […]
Seven bills rolled out to tackle AML issues
(CNS): Seven amendment bills to strengthen the powers of the Cayman Islands Monetary Authority (CIMA) and widen the anti-money laundering net have been published in the government gazette. The bills propose changing laws that were passed as far back as 2010 and as recently as 2021 to help the regulator apply “proportionate and dissuasive sanctions” […]
Lawyers urge leniency for Watson and Blake
(CNS): Attorneys representing Canover Watson (52) and Bruce Blake (51) urged leniency for their clients on Thursday as they argued that the convictions against the two men in a football-related fraud were not the most serious crimes of their kind, as prosecutors had contended. Watson is facing a potentially long sentence after he was convicted […]
Football execs found guilty in fraud case
(CNS): Canover Watson has been found guilty of all charges against him in the football fraud case, while his colleague and friend, Bruce Blake, has been found guilty of two of the four charges against him for his part in the scam against CONCACAF. After a twelve-week trial, the jury returned their unanimous verdict on […]
Attorneys battle over truth in Watson-Blake case
(CNS): Canover Watson and Bruce Blake are both liars, prosecuting counsel Eloise Marshall KC told a jury this week as she summed up the crown’s case against the two men, who are accused of scamming $1.5 million from the regional football association, CONCACAF, and of laundering the cash almost a decade ago. But Dapinder Singh […]
