A suspected $500 million money laundering plot was foiled by finance police this week.
Three British nationals and two Americans were questioned by officers from the Financial Crime Unit after officials at a Grand Cayman branch of an international bank raised the alarm.
Bank staff became suspicious after the group, four men and one woman, came into the branch on Tuesday to discuss “US$500 million in foreign exchange transactions,” according to Jacqueline Carpenter, spokeswoman for the Royal Cayman Islands Police Service.
She said the Financial Crime Unit had alerted all banks to the “suspicious activity.”
One of the suspects was arrested at a different bank later the same day on suspicion of money laundering.