KINGSTON, Jamaica, CMC – The Jamaican authorities says it has been invited to take part within the Monetary Motion Job Power’s (FATF) ‘FSRB Jurisdictions Visitor Initiative’.
Finance and Public Service Minister, Fayval Williams, in an announcement Friday, stated that the invitation had been prolonged by FAFT’s president, Elisa de Anda Madraz, and that Kingston shall be sending delegations to 3 consecutive plenary conferences and associated technical working classes, starting with the FATF Plenary scheduled for October 20–24, in France.
Williams additionally stated that the invitation is “a powerful vote of confidence in Jamaica’s ongoing monetary reforms and a major alternative to contribute to world coverage course on anti-money laundering and counter-financing of terrorism (AML/CFT)”
“Our journey up to now has not been with out challenges. Only a few years in the past, Jamaica was listed by the FATF as a jurisdiction underneath elevated monitoring. By sustained will, inter-governmental collaboration, and focused legislative reforms over a few years, we efficiently addressed all recognized strategic deficiencies and exited the ‘gray checklist’.
“This invitation to take part within the FSRB Visitor Initiative displays the worldwide group’s continued recognition of our progress,” Williams added.
Jamaica was formally faraway from the FATF gray checklist in June 2024, and the European Parliament additionally just lately voted to take away Jamaica from Europe’s checklist of high-risk nations.
Prime Minister Dr. Andrew Holness stated this marks a major step ahead for the nation and the broader area.
In a put up on X, Holness stated Jamaica had been actively advocating for such a call, one which displays the fact of the arduous work the nation has undertaken to strengthen its monetary methods.
