Financial Crime World

Title: Jamaica Remains the Caribbean’s Fifth Most Corrupt Country: A Modest Improvement in Transparency International’s Report

Subtitle

  • Jamaica’s position in the annual Corruption Perception Index (CPI) reveals minimal progress against corruption
  • Ranking as the Caribbean’s fifth most corrupt country with a score of 44 out of 100

Jamaica’s Performance in the Annual Corruption Perception Index

  • Only trails behind Trinidad and Tobago, Guyana, Haiti, and the Bahamas in the region
  • A perfect score of 100 indicates a very clean country, while a score of zero is highly corrupt

Persistent Challenges in Combating Corruption

  • Ongoing investigations into various sectors like politics and government, facing transparency and weak institutional challenges
  • Progress in modernizing economic sectors and international obligations, despite corruption’s continued presence

Initiatives to Address Financial Crimes and Corruption

  • Strengthening anti-corruption agencies: Commission of Investigations and Auditor General’s Department
  • Increased international cooperation through the Caribbean Financial Action Task Force (CFATF)

The Importance of Continuous Efforts

  • Monitoring CPI report findings and implementing measures to further reduce corruption’s impact
  • Transparency and good governance are crucial for economically prosperous and socially just societies

The Ongoing Struggle to Surpass Caribbean Ranking

  • Recognizing transparency and good governance as essential components of progress against corruption
  • Jamaica’s commitment to combating financial crimes for the betterment of its economy and people