HomeNewsBriefJamaican Police Target $300 Million of Drug Trade Assets
BRIEF

Jamaican Police Target $300 Million of Drug Trade Assets

CARIBBEAN / 16 MAY 2013 BY JAMES BARGENT EN

Jamaican authorities are targeting over $300 million dollars worth of alleged narco-properties in the western part of the island, reportedly linked to a resurgent cocaine trade.

The Jamaican Financial Investigations Division (FID) is targeting high-end properties they believe were acquired through an international drug trafficking and money laundering network that connects Central and North America with the Caribbean, reported the Gleaner.

The investigation began in the United States with the arrest of two Jamaican brothers caught attempting to smuggle in six kilos of cocaine.

Authorities believe the assets are linked to operations capitalizing on a resurgent cocaine trade in Jamaica, especially along the western coast.

InSight Crime Analysis

As well as being the largest marijuana supplier country in the Caribbean, Jamaica is also a transit point for cocaine trafficked from South America to North America or Europe.

While only an estimated five percent of cocaine destined for the United States passes through the Caribbean region, there have been increased fears that trafficking is again on the rise due to a clampdown on popular routes in Central America.

Additionally, the CIA has identified “substantial” money laundering activity in Jamaica, and have described the island as a favored spot for Colombian drug traffickers to carry out illegal financial transactions.

There has been a dramatic increase in asset seizures in Jamaica since 2007, when the Proceeds of Crime Act (POCA) was enacted, giving the state powers to seize property and finances obtained through drug trafficking and/or money laundering.

Compartir icon icon icon

What are your thoughts? Click here to send InSight Crime your comments.

We encourage readers to copy and distribute our work for non-commercial purposes, with attribution to InSight Crime in the byline and links to the original at both the top and bottom of the article. Check the Creative Commons website for more details of how to share our work, and please send us an email if you use an article.

Related Content

CARIBBEAN / 14 FEB 2013

Cuban authorities reported seizing over three tons of drugs last year, representing a return to the average amount of drugs…

HONDURAS / 11 OCT 2011

Honduran President Porfirio Lobo said more of the cash seized from drug traffickers should be distributed more quickly among the…

EL SALVADOR / 1 AUG 2016

Wilver Rivera Monge, a former congressman, was given 15 years in prison for his role in laundering drug money for…

About InSight Crime

THE ORGANIZATION

We Have Updated Our Website

4 FEB 2021

Welcome to our new home page. We have revamped the site to create a better display and reader experience.

THE ORGANIZATION

InSight Crime Events – Border Crime: The Northern Triangle and Tri-Border Area

ARGENTINA / 25 JAN 2021

Through several rounds of extensive field investigations, our researchers have analyzed and mapped out the main illicit economies and criminal groups present in 39 border departments spread across the six countries of study – the Northern Triangle trio of Guatemala, Honduras, and El…

BRIEF

InSight Crime’s ‘Memo Fantasma’ Investigation Wins Simón Bolívar National Journalism Prize

COLOMBIA / 20 NOV 2020

The staff at InSight Crime was awarded the prestigious Simón Bolívar national journalism prize in Colombia for its two-year investigation into the drug trafficker known as “Memo Fantasma,” which was…

ANALYSIS

InSight Crime – From Uncovering Organized Crime to Finding What Works

COLOMBIA / 12 NOV 2020

This project began 10 years ago as an effort to address a problem: the lack of daily coverage, investigative stories and analysis of organized crime in the Americas. …

ANALYSIS

InSight Crime – Ten Years of Investigating Organized Crime in the Americas

FEATURED / 2 NOV 2020

In early 2009, Steven Dudley was in Medellín, Colombia. His assignment: speak to a jailed paramilitary leader in the Itagui prison, just south of the city. Following his interview inside…