The Major Organised Crime and Anti-Corruption Agency (MOCA) says it has arrested three suspects over the past week, in connection with a “massive” multi-million dollar fraud investigation affecting several financial institutions across the island.

The suspects, a 44 year-old man and two women, ages 37 and 40, were nabbed following a series of coordinated operations across several parishes between January 13 and 16 last week, MOCA said in a press release on Wednesday.

The man was arrested at his Kingston address last Wednesday, while the women were arrested in Montego Bay and Portmore, last Wednesday and Friday, respectively, according to the agency.

The release stated that the three persons are suspected of carrying out an elaborate and highly sophisticated multi-million-dollar fraud scheme targeting several financial institutions between January 2023 and April 2024. According to Major Basil Jarrett, Director of Communications at MOCA, the arrests represent a major breakthrough in a very unique, elaborate and complex fraud case that has been on the agency’s radar for at least two years.

The three are expected to be charged later this week with various offences including breaches of the Proceeds of Crime Act (POCA), breaches of the Forgery Act, and breaches of the Law Reform for Fraudulent Transaction, Special Provisions Act, among others.

Major Jarrett said that more details will be provided as soon as the three are charged.

He is also reminding persons who have information on financial and other organized crime to report it to the agency’s tip hot line at 888-MOCA-TIP.