Jamaica Takes Steps to Combat Financial Crimes

Strengthening Anti-Money Laundering and Combating the Financing of Terrorism Regime

Jamaica has made significant progress in addressing technical compliance deficiencies identified in its Mutual Evaluation, strengthening its anti-money laundering and combating the financing of terrorism (AML/CFT) regime.

Upgrades on Key Recommendations

The country’s efforts have earned it upgrades on four key recommendations:

• Recommendations 22, 23, and 28, previously deemed partially compliant, are now largely compliant.
• Recommendation 24, which was also partially compliant, has been upgraded to fully compliant.

Remaining Work Ahead

Despite this progress, Jamaica still faces 37 Recommendations rated C/LC (Largely Compliant or Non-Compliant), leaving much work to be done in its enhanced follow-up status. As a result, the country remains under close scrutiny from international authorities.

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