Last Friday, 6 May, detectives with the RCIPS Financial Crimes Unit arrested a man, age 37, of George Town, on suspicion of Money Laundering. The man had been appointed as a voluntary liquidator for two funds while employed with the local office of an international investment firm; during this appointment a quantity of money was misappropriated from these funds and transferred to another account.

 The man is currently on Police Bail, however, he cannot leave the jurisdiction.