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Richard Hape arrested on suspicion of money laundering

Canadian businessman Richard Hape, 51, who is a Senior Executive of Turks & Caicos Islands-based British West Indies Trust Limited, was arrested in Canada on February 16 and charged with conspiracy to launder the proceeds of drug trafficking.Simultaneous with Hape's arrest in Ontario, the Royal Turks & Caicos Islands Police executed a search warrant at the offices of British West Indies Trust Limited and a restraining order was served on the Trust's employees and banks.