KINGSTON, Jamaica, CMC – A retired banker and real estate agent, has been charged with ten counts of money laundering as the probe continues into a money laundering racket involving the family of a convicted drug lord.
On Tuesday, investigators from the Major Organized Crime and Anti-Corruption Taskforce (MOCA) arrested and charged retired banker and real estate agent, Terrence Allen, 65.
In December 2013, Allen’s wife, Dawn Satterswaite was also charged by MOCA.
She was charged jointly with family members of convicted drug trafficker, Andrew Hamilton.
The investigators also charged Hamilton’s wife, son and sisters as investigators try to locate more than a billion dollars in drug proceeds transferred to Jamaica.
Allen, who appeared in court on Tuesday, was offered bail.
Prosecutors charged that between 1998 and 2009, Hamilton, who pleaded guilty to drugs, money laundering, and firearm-related charges in the United States, managed to acquire 30 properties valued at millions of dollars.
Following his conviction, prosecutors reported that United States Drug Enforcement Agency requested a civil investigation into his assets in Jamaica.
This triggered a massive money-laundering investigation, which began in December 2012 and resulted in a issuing an order in 2013, barring Hamilton’s relatives and friends from disposing of assets investigators believe they registered for him.
