Regulatory Alerts2026-01-01
Added · Updated
Guidance Notes on the Prevention of Money Laundering and Countering the Financing of Terrorism, Proliferation and Managing Related Risks – 2026
The Bank of Jamaica issued the 2026 Guidance Notes to align regulatory expectations with the 2019 amendments to Jamaica's AML/CFT/CPF laws and updated FATF recommendations. The document mandates a risk-based approach for financial institutions, detailing specific requirements for Know Your Customer procedures, customer due diligence, and the management of high-risk entities such as Politically Exposed Persons. It further outlines obligations regarding transaction monitoring, reporting suspicious activities, and compliance with United Nations Security Council resolutions on proliferation financing.