Regulatory Alerts2018-10-16
Added · Updated
Central Bank of Jamaica Circular 2018/7/30
The Central Bank of Jamaica mandates that all licensed financial institutions operating within Jamaica, including commercial banks and discount houses, adhere to specific regulatory standards effective July 30, 2018. These requirements include maintaining adequate capital reserves, submitting regular reports on operational and financial status, and implementing internal controls to mitigate transaction risks. Institutions are required to review their current practices immediately to ensure alignment with these directives.
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