Thursday, December 5, 2013

Jamaica widens strategies to deal with money laundering

Jamaica has widened its strategy to deal with money laundering with the Senate giving approval to 5 orders under the Proceeds of Crime Act (POCA).

The orders cover non-financial businesses and professions and Justice Minister Mark Golding said the administration had determined that certain sectors that were outside of the traditional financial sector, and in keeping with international requirements and trends, should be subjected to anti money laundering measures.

“The reason for

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