Jamaica

Jamaica in its 11th Follow-Up Report has addressed the deficiencies noted in the Core and Key Recommendations rated PC/NC (R. 1, 5, 10, 13, SR. IV and 40) to a level that is comparable to at least an LC. It is therefore recommended to Plenary that Jamaica should be allowed to exit the third round follow-up process.

Jamaica 11th Follow-Up Report

Jamaica to host Caribbean Financial Action Task Force Plenary Meeting

Jamaica to host Caribbean Financial Action Task Force Plenary Meeting The Caribbean Financial Action Task Force (CFATF) in conjunction with the Government of Jamaica will host its Plenary and Working Groups Meeting in Montego Bay, Jamaica from June 6-9, 2016 at the Hilton Rose Hall Resort and Spa.

Jamaica: End of the CFATF Third Round Follow-Up Process & CFATF International Cooperation Review Group (CFATF ICRG) Monitoring

The CFATF held its XL Plenary in San Salvador, El Salvador during the week of November 23-28, 2014, during which time four (4) Member countries exited the Third Round Follow-Up Process, completing all their reporting requirements, while one (1) Member country exited the CFATF ICRG monitoring process.

JURISDICTIONS EXITING THE FOLLOW-UP PROCESS

The November 2014 Plenary recognised that Jamaica had made significant progress in addressing the deficiencies identified in their 2005 Mutual Evaluation Report and therefore could exit the follow-up process.
Jamaica has addressed the deficiencies noted in the Core and Key Recommendations rated PC/NC (R. 1, 5, 10, 13, SR. IV and 40) to a level that is comparable to at least an LC.

Jamaica has also made progress in addressing the deficiencies in its non-Core and Key Recommendations that were rated PC/NC to the extent that the remaining outstanding
Recommendations are all at a substantial level of compliance.

Jamaica 11th Follow-Up Report, which was presented at the November 2014 Plenary contains a detailed description and analysis of the actions taken by Jamaica to rectify the deficiencies identified in respect of the Core and Key Recommendations rated PC or NC as well as a summary of progress in other Recommendations, in the 2005 Mutual Evaluation Report.

Preparations for the Fourth Round of Mutual Evaluations: Assessor’s Training in Jamaica

During the week of January 20th to the 24th 2014, the Central Bank of Jamaica in Kingston, Jamaica, hosted the first Caribbean Financial Action Task Force (CFATF) Assessor’s Training of the year. The Training was directed at representatives from nine (9) countries, including Antigua and Barbuda, Grenada, Jamaica, St. Kitts and Nevis, St. Vincent and the Grenadines, The Bahamas, Turks and Caicos, Trinidad and Tobago and Virgin Islands, who were nominated on the basis of their financial, legal or law enforcement expertise, as well as their previous experience in Assessments and/or with the previous FATF Methodology.

During one intense week, topics such as risk and context, assessing technical compliance and effectiveness, data and statistics, effective interviewing, among others, were covered.

But not all was work, participants also enjoyed Jamaican hospitality and tasted many of its delicacies, including curry goat and patties. They were also invited to attend a local theater for a delightful comedy. Our thanks to the Central Bank of Jamaica.

The CFATF will continue to roll out similar training seminars, to ensure a cadre of adequately trained, experienced Assessors for the Fourth Round of Mutual Evaluations.