Court grants confiscation of money-laundering cash

Over £1.7 million in cash was seized by the Royal Gibraltar Police as part of an investigation against the tobacco wholesaler Southease Limited

Debbie Bartlett
DEBBIE BARTLETT

The Supreme Court has granted an order in civil proceedings for the confiscation of over £1.7 million in cash which was seized by the Royal Gibraltar Police as part of a money laundering investigation against the tobacco wholesaler Southease Limited. This follows a long investigation by the RGP’s Money Laundering Investigation Unit after a robbery at the wholesaler’s premises in New Harbours, in 2016.

A further £450,000 was also ordered to be paid by the respondents to cover the costs of forensic accountants who had been contracted to assist with the investigation.

The funds will be confiscated by the Court and dealt with by an official receiver appointed by the Court, and will go to the Government of Gibraltar. A police spokesperson said this order was a vindication of the unit’s hard work and dedication over a number of years, and that the order will show the international community that Gibraltar takes money laundering seriously.