Jamaica has been invited to take part within the Monetary Motion Activity Power’s (FATF) prestigious FSRB Jurisdictions Visitor Initiative, permitting the nation to contribute on to world coverage discussions on anti-money laundering and counter-financing of terrorism (AML/CFT) for the following 12 months.
The invitation, prolonged by FATF President Elisa de Anda Madrazo, will see Jamaica represented on the FATF desk below its personal flag, beginning with the upcoming FATF Plenary in Paris, France, from October 20–24, 2025. Jamaica will be part of three consecutive plenaries and related technical classes, the place it’s going to assist form worldwide monetary integrity requirements.
Finance Minister Fayval Williams welcomed the information, calling it “a powerful vote of confidence in Jamaica’s ongoing monetary reforms and a big alternative to contribute to world coverage path.”
“Our journey up to now has not been with out challenges,” Williams mentioned. “Only a few years in the past, Jamaica was listed by the FATF as a jurisdiction below elevated monitoring. Via sustained will, inter-governmental collaboration, and focused legislative reforms, we efficiently addressed all recognized strategic deficiencies and exited the ‘gray listing.’”
Jamaica was formally faraway from the FATF’s gray listing in June 2024, and the European Parliament has since eliminated the nation from Europe’s listing of high-risk nations.
The FATF’s FSRB Visitor Initiative goals to herald views from underrepresented areas. As a visitor participant, Jamaica will share nationwide experiences and technical insights, contributing to world requirements whereas enhancing its management position inside the Caribbean Monetary Motion Activity Power (CFATF).
The Ministry of Finance mentioned it’s going to work intently with home stakeholders to make sure Jamaica’s lively and significant engagement in the course of the yearlong participation.
