Financial Crime World

Jamaica Eyes Financial Crime Prevention Strategies to Boost Economy and Job Creation

Government Outlines Comprehensive Approach to Combat Financial Crime

Kingston, Jamaica - In an effort to tackle the scourge of financial crime and ensure economic growth, the Jamaican government has outlined several strategies aimed at preventing and combating financial crime in the country.

Identifying Financial Crime as a Top Priority

According to sources, the Government of Jamaica has identified financial crime as one of its top priorities, recognizing that reducing crime is essential for achieving economic growth and job creation. To achieve this goal, a comprehensive approach will be taken, involving various stakeholders across the economy and society.

Key Areas of Focus

The government’s strategy focuses on several key areas, including:

  • Citizen Safety and Security: Reducing crime and violence through effective policing, swift and sure justice processes, crime prevention through social development, situational crime prevention, and rehabilitation and redemption.
  • Public Order: Maintaining public order and safety through community engagement, conflict resolution, and crisis management.
  • Corruption: Preventing corruption through transparency, accountability, and good governance practices.
  • Community Safety: Ensuring the safety of Jamaicans through crime prevention programs, community policing, and social development initiatives.
  • Territorial Integrity: Protecting Jamaica’s borders and territorial integrity through effective border control and surveillance.
  • Crisis Response and Resilience: Responding to crises effectively and building resilience through emergency preparedness and response planning.
  • Education: Promoting education and awareness on financial crime prevention and economic security.
  • Cyber Security: Protecting Jamaica’s cyber infrastructure from threats and vulnerabilities.
  • Critical Infrastructure Protection: Protecting critical infrastructure, such as ports, airports, and major transportation routes, from sabotage and other forms of attack.
  • Economic Security: Ensuring the stability and growth of Jamaica’s economy through economic development initiatives and financial regulation.

Implementation of Strategies

The Ministry of National Security will lead the charge in implementing these strategies, working closely with various departments, agencies, and programs. These include:

  • Caribbean Regional Drug Law Enforcement Training Centre (REDTRAC)
  • Citizen Security and Justice Programme
  • Department of Correctional Services
  • Firearm Licensing Authority
  • Jamaica Constabulary Force
  • Jamaica Defence Force
  • Private Security Regulation Authority
  • Police Civilian Oversight Authority
  • Passport Immigration & Citizenship Agency

Role of Various Divisions and Directorates

In addition to these agencies, various divisions and directorates will play a critical role in the implementation of the government’s strategy. These include:

  • Policy divisions focused on crime prevention and community safety
  • Protective security
  • Research and evaluation
  • Offender management
  • Border security and control
  • International relations
  • Organized crime and defence
  • Corporate services, including human resource management and administration, information technology, public affairs and communication, human resource development and training, procurement, facility and property management, documentation and information.

Expected Outcomes

The government’s commitment to preventing financial crime is expected to have a positive impact on the country’s economy, leading to increased job creation and economic growth.