Five Arrested in Bermuda connected to Illegal Drugs & Money Laundering

By Sherrica Thompson

Staff Writer

#Bermuda, August 21, 2022 – Five persons have been arrested in Bermuda in relation to a drug seizure and money laundering operation.

The Bermuda Police Service reported that on Thursday, August 11, the BPS Financial Crime Unit, assisted by the Serious Crime Department, Drugs Unit, Tactical Division and the Community Policing Division, executed 18 search warrants across several properties in Bermuda.  The police seized some live ammunition, drugs believed to be cocaine and more than $300,000 in cash.

A quantity of high-value goods believed to be acquired from the proceeds of crime was also seized.

Detective Chief Inspector of the Specialists Investigations Department Sherwin Joseph commented on the matter.  He said money laundering and other crimes harm Bermuda and noted that the investigation is at a critical juncture.

“Money Laundering and the associated predicate offences cause significant harm to our community and the financial reputation of Bermuda.  The investigation is at a critical juncture, and no further information will be provided at this time,”  Joseph said.

The Bermuda Police Service did not provide any information on the five people arrested, however, they stated that no police officer, politician or customs officer was arrested.