MyECheck Inc (fka MYEC)

[YouOnlyLiveOnce]

Michael Young

“Fundamentally what occurred is that, and the court found this to be the case, the FIU moved to freeze property under the act when the requirements of the act were not met.  What they had before the court did not meet the threshold, the minimum threshold that is required before you take these steps against persons doing business in Belize.  So it’s a very important case.  As to what happens from here, at least the FIU has now received clear, statutory judicial guidance, if you want to put it that way, as to how their powers are to be exercised.”