Jamaica: Anti-Money Laundering, Terrorism Financing Safeguards under Financial Inclusion Strategy

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August 3 2018

Bank of Jamaica (BOJ) Governor, Brian Wynter, says proposed safeguards against money laundering and terrorism financing are among notable developments emerging under the Government’s National Financial Inclusion Strategy (NFIS), since its launch in March 2017.

The strategy is an ambitious portfolio of project activities designed to empower Jamaicans financially, through improved access to financial information and products tailored to meet their needs.

Speaking at a recent NFIS forum at the Terra Nova All-Suite Hotel in St. Andrew, Mr. Wynter said the policy proposals, including enhanced ‘Know Your Customer (KYC) requirements, seek to institute a risk-based framework for the Government’s Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) Programme.