Emergency9-1-1

Non Emergency+1 (345) 949-4222

Warning For a better experience on RCIPS, UPDATE YOUR BROWSER.
  •  
    watch this space for latest news alerts.

Update: Chilean Nationals Convicted and Sentences for Money Laundering Incident in April 2024, 7 February

7th February, 2025 Police Headlines

Update: 7 February, 2025

 

Following a thorough investigation into a money laundering incident that took place in April 2024, at a local bank, three Chilean Nationals who were formally charged with Theft and Money Laundering, have since been convicted on five counts of Theft and five counts of Money Laundering. They were sentenced to 14 months which is currently being served at His Majesty’s Cayman Islands Prison Service (HMCIPS).

 

Additionally, on Tuesday, February 4, 2025, one of the sentenced men reappeared before the Court and during the proceedings, the Crown's request for confiscation was granted. This means that assets valued at a certain amount were to be seized from the defendant and failure to provide the assets would result in an additional six months imprisonment.

 

The assets include cash in USD and KYD, jewelry, electronics, and more. In the initial judgment, the judge noted that this convicted man played a leading role in a sophisticated group scheme.

 

--END--

 

 


 

Initial Release: 13 May, 2024

Police are investigating an incident of theft and obtaining property by deception following a report on 16 April, 2024. It was reported that a local bank discovered that four of their Automated Teller Machines (ATM) were compromised in various locations in George Town. This appears to have resulted in account details being copied and used, with losses amounting to approximately $78,000 KYD. 

 

The loss is believed to be an accumulation from multiple accounts being compromised and subsequently accessed. The bank in question has identified all apparent victims and the accounts have been re-secured. The ATM’s have also been subjected to additional security measures.

 

As a result of the police investigation, two persons were arrested on 9 May in relation to these incidents: a 27-year-old-woman and a 32-year-old-man. Both are Chilean nationals who are visitors to the Cayman Islands and were apprehended at the Owen Roberts International Airport attempting the leave the Island.

 

The man has now been formally charged with one count of Theft and six counts of Money Laundering, while the woman has been charged with two counts of Money Laundering. Both remain in custody and are expected to appear in court today, 13 May.