Following a prolonged and detailed investigation, personnel from the Monetary Investigation Division (FID), the Counter-Terrorism and Organised Crime Investigation Division (C-TOC) and the Main Organised Crime and Anti-corruption Company (MOCA), carried out operations within the enterprise district of Montego Bay, St James on Friday, June 12, focusing on unlawful overseas change operations.
The operations led to 3 Chinese language nationals being arrested and charged with breaches of Part 22 of the Financial institution of Jamaica (BOJ) Act.
The individuals charged are Shiyue Zhou, a 36-year-old businesswoman and operator of HTC Wholesale; JieQung Zhou, a 27-year-old cashier, and Ximei Wong, 42.
The FID and the opposite taking part businesses have collectively expressed a decision to battle the underground cash change financial system which has been famous to offer an avenue for cash laundering to go undetected, and likewise artificially distorts the official overseas change fee.
Selvin Hay, the Chief Technical Director of the FID, has indicated that it’s unlawful for anybody to have interaction within the buying and selling of overseas forex with out having a licence that has been issued by the BOJ.
The individuals charged have been provided station bail within the sum of $300,000, and are to look within the St James Parish Court docket on July 1, 2020.
— to www.loopjamaica.com