Regulatory Alerts2023-01-01
Bank of Jamaica Specified Territories Supervisory Authority Notice
The Bank of Jamaica issued this notice to mandate enhanced customer due diligence and countermeasures for regulated businesses engaging with customers in specified high-risk territories. The directive applies to deposit-taking institutions, financial holding companies, co-operative societies, exchange bureaux, money transfer agents, and microcredit institutions. Specified territories are defined by Financial Action Task Force public statements on strategic deficiencies or high-risk jurisdictions, as well as additional jurisdictions identified by the Bank of Jamaica.
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