Jamaica 6th Enhanced Follow-Up Report and Technical Compliance Re-Rating

Port of Spain, Trinidad and Tobago, December 15, 2023 –Jamaica has undergone an enhanced follow-up process following the adoption of its Mutual Evaluation Report. The report assessed the effectiveness of Jamaica's anti-money laundering and counter-terrorist financing (AML/CFT) measures and the country's compliance with the FATF Recommendations.

In conformity with the CFATF Procedures for the Fourth Round of AML/CFT Mutual Evaluations, Jamaica has reported to the CFATF regarding the progress it has made to strengthen its AML/CFT framework and the 6^th Follow-Up Report of Jamaica evaluates the country's efforts to address the technical compliance deficiencies identified in the Mutual Evaluation.

According to the report, Jamaica has made considerable strides in its fight against ML and TF since its 2017 Mutual Evaluation Report. As a result, the CFATF has re-rated the country on four out of the 40 Recommendations:

Recommendation 22: Designated Non-Financial Business and Professions (DNFBPs): Customer Due Diligence from Partially Compliant to Largely Compliant.

Recommendation 23: DNFBPs : Other Measures from Partially Compliant to Largely Compliant.

Recommendation 24: Transparency and Beneficial Ownership of Legal Persons from Partially Compliant to Compliant.

Recommendation 28: Regulation and Supervision of DNFBPs from Partially Compliant to Largely Compliant

Jamaica is presently rated as Compliant or Largely Compliant with 37 out of the 40 FATF Recommendations.

  Click here  to gain access to the FUR.