Hashtag: #MoneyLaundering

BPS: Received Payment On Confiscation Order

BPS: Received Payment On Confiscation Order

[Updated - Officials now say it was part payment] The Bermuda Government received payment on the confiscation order made by the UK courts, the police said today in relation to the theft case which Jeffrey Bevan was convicted for his role in. A police spokesperson said, “In January 2011, Mr. Jeffrey Bevan, [a UK national], commenced temporary employment... Read more of this article

Minister: ‘Excellent Outcome For Jurisdiction’

Minister: ‘Excellent Outcome For Jurisdiction’

For Bermuda to have achieved such strong rankings in the Mutual Evaluation Report is an “excellent outcome for this jurisdiction,” Minister of Finance Curtis Dickinson said. Speaking in the House of Assembly today [Jan 31], the Minister said, “I am extremely pleased to rise today to advise Honourable Members of the outstanding findings... Read more of this article

Minister: ‘Major Accomplishment For Bermuda’

Minister: ‘Major Accomplishment For Bermuda’

Calling it an “excellent result and a major accomplishment for Bermuda,” Minister of Finance Curtis Dickinson announced that an international standards setting body “confirmed that Bermuda is one of the global leaders in the fight against money laundering, the financing of terrorism and proliferation.”Minister Dickinson said,... Read more of this article

Jeffrey Bevan Has Paid Back $394,307 So Far

Jeffrey Bevan Has Paid Back $394,307 So Far

Authorities in the UK have indicated that Jeffrey Bevan — who was convicted for his role in swindling over $1.5 million from the Bermuda Government — has paid just under £300,000 [$394,307] to date, a “sum which is able to be returned to Bermuda asap.” Bevan — who is serving time in prison in Wales – was previously... Read more of this article

BPS: Shopper Scam & Money Laundering

BPS: Shopper Scam & Money Laundering

The police are advising people who participate in the so called “Mystery Shopper Scam” that they may be engaging in money laundering activity, which is “illegal and could result in jail time and or hefty fines.” A police spokesperson said, “The Bermuda Police Service wishes to advise that members of the public who participate... Read more of this article

EY Staff Gain Anti-Money Laundering Certification

EY Staff Gain Anti-Money Laundering Certification

Recently, over 30 EY professionals from the EY Region of the Bahamas, Bermuda, British Virgin Islands and Cayman Islands received the prestigious Certified Anti-Money Laundering Specialist [CAMS®] credential from the Association of Certified Anti-Money Laundering Specialists® [ACAMS®]. A spokesperson said, “Recipients included Partners, Principals,... Read more of this article

ICA To Host Money Laundering Talk On March 6

ICA To Host Money Laundering Talk On March 6

The International Compliance Association [ICA] Bermuda Branch is getting set to present a talk on ‘Money Laundering from a Bermuda Perspective’ on Wednesday [March 6] at 6.00pm at the Royal Bermuda Yacht Club. A spokesperson said, “ICA Bermuda Branch presents a talk on ‘Money Laundering from a Bermuda Perspective’ presented by Chief... Read more of this article

Court: Jeffrey Bevan Sentenced To Seven Years

Court: Jeffrey Bevan Sentenced To Seven Years

A Welsh Court has sentenced Jeffrey Bevan to 7 years and 4 months in prison after he was convicted of laundering £1.3 million [$1.8], and local officials confirm that confiscation proceedings have started in order to recover the funds stolen from the Bermuda Government. Mr Bevan, an accountant from Wales, was employed as Payments Manager for the Bermuda... Read more of this article

Court: Man Convicted Of Perverting Justice

Court: Man Convicted Of Perverting Justice

Joel Ismail and Paul Charity were found not guilty of converting criminal property following a trial in Wales, however Mr Charity was convicted of “perverting the course of justice,” which related to deleting emails. This follows after Jeffrey Bevan — who previously worked for the Bermuda Government and is one of the people on trial in... Read more of this article

Court: Bevan Admits Transferring $1.8 Million

Court: Bevan Admits Transferring $1.8 Million

Jeffrey Bevan — who previously worked for the Bermuda Government and is currently on trial in Wales — admitted multiple counts of transferring and converting criminal property, with the court hearing he transferred £1.3m [$1.8m] into his bank account in the UK, and then spent it on gambling, cars and houses. This is according to a report from... Read more of this article

Court: Money Allegedly Used For Cars & Homes

Court: Money Allegedly Used For Cars & Homes

A man who previously worked in Bermuda allegedly used money stolen from the Bermuda Government to buy luxury cars and properties back home in the UK, according to a report in the South Wales Argus. Four People On Trial In Wales In Connection With $2.5 Million  Four people were charged last year in Wales, and at that time, the Bermuda Police said that... Read more of this article

$2.5M Money Laundering Trial To Begin In Wales

$2.5M Money Laundering Trial To Begin In Wales

Jury selection is due to begin as four people will stand trial in Wales in connection with allegedly money laundering $2.5 million stolen from the Bermuda Government, according to a report from Wales Online, which noted that “some of the witnesses will give evidence over video link from Bermuda.” Jeffrey Bevan, 50, denies theft, converting... Read more of this article

Police Detectives Trained & Re-Certified

Police Detectives Trained & Re-Certified

Bermuda Police Service detectives have been trained and re-certified in anti-money laundering and counter terrorism finance investigations. A police spokesperson said, “The Bermuda Police Service has recently completed training for detectives in the Organised & Economic Crime Department [OECD]. “Partnering with the U.K. National Crime... Read more of this article