Money Laundering Continues To Pose Serious Implications For T&T, Says ANSA Bank Managing Director, Robert Le Hunte.

Money Laundering Continues To Pose Serious Implications For T&T, Says ANSA Bank Managing Director, Robert Le Hunte.

The issue of money laundering continues to pose serious implications for Trinidad and Tobago.

However, there is a view from Managing Director of ANSA Bank, Robert Le Hunte that local commercial banks are doing their part to ensure they are able to better navigate through the push back from the illegal practice.

Speaking on the Power Breakfast Show on Power 102 Digital Tuesday, Mr Le Hunte said this country has experienced the effects of money laundering as it has been blacked listed in the past because of it.

Mr Le Hunte also cited instances where the illegal activity has been used as a means to financial support for extremists organizations.

Mr Le Hunte said there have been attempts to get illegal money into the formal banking sector and as a result banks have been doing what is required to address the development.

Mr Le Hunte also took note of the government’s legislation activities in this regard to address the situation.

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