Regulatory Alerts2022-04-01
FSC Supplemental Counter Proliferation Financing Guidelines
The Financial Services Commission of Jamaica issued these supplemental guidelines to implement amendments to the United Nations Security Council Resolutions Implementation Act and related regulations. The document mandates that regulated entities immediately freeze assets of proscribed persons, conduct continuous customer screening, and submit regular reports to the Designated Authority. It establishes specific legal obligations, reporting timeframes, and penalties for non-compliance to ensure adherence to UN Security Council Resolutions regarding proliferation financing.
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