Jamaica

New Documents

The Supreme Court of Judicature of Jamaica issued a formal order to add 10 individuals, and one entity to Jamaica’s consolidated sanctions list.

The Caribbean Financial Action Task Force announced that the Financial Investigations Division in Jamaica executed a forfeiture order of J$524,000 and £1,850 from Abdullah el-Faisal, a U.K. national and cleric, for his alleged material support of terrorists.

News

Enforcement Actions

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Important Facts

  • The U.S. State Department classifies Jamaica as a major money laundering country. Money laundering in the country is largely perpetrated by organized criminal groups, including some with links to powerful Jamaicans. The prominent predicate crimes include advance fee fraud, corruption, counterfeit goods, small arms trafficking and cybercrime. While Jamaica is moderately successful at enforcing the asset forfeiture provisions of the Proceeds of Crime Act, the law still is not being implemented to its fullest potential due to difficulties prosecuting and achieving convictions in financial crime cases. The State Department notes that Jamaica tabled amendments to the legislation in October 2019 in response to international recommendations. In addition, law enforcement, prosecutors and the judiciary lack sufficient resources and training to investigate and prosecute financial crimes effectively and efficiently. For the calendar year 2018, there were 20 prosecutions and six convictions related to money laundering.
Source: 2020 International Narcotics Control Strategy Report (INCSR)

Rankings

FATF i | 2013 methodology

Technical Effectiveness
Compliant : 6 High : 0
Largely Compliant : 11 Substantial : 1
Partially Compliant : 21 Moderate : 4
Non-Compliant : 2 Low : 6

BASEL i

Rank : 34/141
Score : 5.99/10

TRANSPARENCY INTERNATIONAL i

Rank : 74/180
Score : 43/100

Tax Justice Network i

Rank : N/A
Score : N/A