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Five years after a vault attendant at the Central Bank of Barbados was arrested and charged with stealing more than $1 million in brand new $100 notes from his workplace, that insitution’s chief security officer is now in “hot water” with the law on a separate serious criminal matter.

Charles Pile of The Mount, St George, has been arrested and charged, following a recent raid on his home, where police said they found arms and ammunition.

Pile was taken before the District “B” Magistrates’ Court today, accused of two counts of illegal possession of firearms and a similar number of illegal possession of ammunition.

He is now on remand at Dodds Prisons until October 30, when he has to come back in court.

Police public relations officer Inspector David Welch said the arms and ammunition were discovered when a warrant was executed at Pile’s residence. In another twist, the Central Bank chief security officer was scheduled to make a presentation on The Latest And Future Trends In Financial Crimes at the 34th annual conference of Crime Stoppers International at Hilton Barbados this morning.

He was down to lead off a seven-member panel discussion on financial crimes, but all the master of ceremonies Julian Rogers could tell the delegates from the region and rest of the world was that Pile was unavailable and therefore he would go to the next presenter.

Had he been there, he would have joined persons of the calibre of law enforcement advisor for the Caribbean Financial Action Task Force, Jefferson Clarke; principal of forensic and dispute services with Deloitte Financial Advisory Services, Frederick Curry; regional director and chief security officer for the Security and Investigation Department of Scotiabank, Eastern Caribbean, Denver Frater; and commissioner with the Fair Trading Commission and immediate past president of the Institute of Chartered Accountants of Barbados, Andrew Brathwaite.

Also on that high-powered panel was senior specialist, Institutional Capacity of the State Division, IDB, Stefano Tinari.

The areas discussed included transparency and anti-corruption, the cost of corruption on business, prevention and mitigation, policies to combat money laundering, identification and mitigation and the response of international commercial banks to payment card fraud. (EJ) 

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