Financial Crime World

JAMAICA: GOVERNMENT UNVEILS COMPREHENSIVE STRATEGY TO PREVENT FINANCIAL CRIME

Kingston, Jamaica - A New Era of Financial Security

The Jamaican government has launched a multi-faceted approach to prevent financial crime and ensure the country’s economic security. This comprehensive strategy is part of a broader effort to reduce crime and violence in the society.

Recognizing the Threat of Financial Crime

According to Minister of National Security, the government recognizes that financial crime poses a significant threat to Jamaica’s economy and its people. Therefore, it has identified several key areas to focus on:

  • Citizen safety and security
  • Public order
  • Corruption
  • Community safety
  • Territorial integrity
  • Crisis response and resilience
  • Education
  • Cyber security
  • Critical infrastructure protection
  • Economic security

Five Pillars of the Crime Prevention Strategy

The government has outlined five pillars that will guide its crime prevention efforts:

Effective Policing

Swift and Sure Justice Processes

Crime Prevention through Social Development

Situational Crime Prevention

Rehabilitation and Redemption

These pillars are designed to work together to create a comprehensive approach to addressing the root causes of financial crime.

Implementation and Partnerships

The Ministry of National Security will implement its strategy through various departments and agencies, including:

  • 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

The government has also established various divisions and directorates that will play a critical role in implementing its strategy, including:

Policy Divisions

Crime Prevention and Community Safety

Protective Security

Research and Evaluation

Offender Management

Border Security and Control

International Relations

Organized Crime and Defence

A Commitment to Financial Security

The government is committed to ensuring that Jamaica’s financial system is protected from criminal elements and that the country’s economy remains strong and secure. The comprehensive strategy announced today marks an important step in achieving this goal, and we will continue to work tirelessly to ensure a safer and more prosperous Jamaica for all citizens.