Financial Investigations Division (FID)
Jamaica's financial intelligence unit. It receives, analyses, and disseminates suspicious transaction reports to law enforcement and competent authorities.
Americas · Country coverage
AML/CTF Compliance in Jamaica
Jamaica regulates AML/CTF through the Financial Investigations Division under the Proceeds of Crime Act. See the obligations and how MemberCheck supports them.
Last updated
Screening coverage for Jamaica
- Sanctions & PEP screening
- Adverse media checks
- Customer identity verification
- Jurisdiction risk checks
- Ongoing monitoring
Key facts
AML supervisor / FIUFinancial Investigations Division (FID)
FATF statusCFATF member
Primary legislationProceeds of Crime Act (POCA) 2007
Overview
AML/CTF compliance in Jamaica.
Jamaica regulates money laundering and terrorist financing through the Proceeds of Crime Act, supported by the Financial Investigations Division, which receives and analyses suspicious transaction reports.
Regulated entities must apply customer due diligence, identify beneficial owners, monitor relationships, and report suspicious activity to the FID, alongside supervision from the Bank of Jamaica and the Financial Services Commission. Supervisors expect a designated compliance officer, sound internal controls, and staff training.
MemberCheck helps teams meet these obligations by screening customers and entities against global sanctions, PEP, and adverse-media data, verifying identities, and monitoring risk continuously, with a clear audit trail behind every decision.
Regulation
All solutions →Key laws and regulators.
Proceeds of Crime Act (POCA)
Jamaica's principal AML statute, setting customer due diligence, recordkeeping, and reporting obligations for financial institutions and other regulated entities.
Bank of Jamaica and Financial Services Commission
The BOJ supervises banks while the FSC supervises non-bank financial institutions for AML/CTF compliance, working alongside the FID.
CFATF membership
Jamaica is a member of the Caribbean Financial Action Task Force, a FATF-style regional body, and aligns its regime with the FATF 40 Recommendations through that membership.
Obligations
What regulated businesses must do.
- Apply customer due diligence and identity verification
- Identify beneficial owners of corporate customers
- Report suspicious transactions to the FID
- Conduct ongoing monitoring of customer relationships
- Maintain internal controls and a compliance officer
- Maintain records and provide staff training
1,000+
Global watchlists screened
<1s
Average screening response
24h
Watchlist refresh cycle
195
Countries covered
FAQ
Common questions.
Who supervises AML/CTF in Jamaica?
The Financial Investigations Division (FID) receives and analyses suspicious transaction reports, while the Bank of Jamaica and the Financial Services Commission supervise banks and non-bank financial institutions respectively.
What is the main AML law in Jamaica?
The Proceeds of Crime Act (POCA) 2007 sets the customer due diligence, recordkeeping, and reporting obligations for regulated entities in Jamaica.
Is Jamaica a member of FATF?
Jamaica is a member of CFATF, the FATF-style regional body for the Caribbean, and aligns its AML/CTF regime with the FATF 40 Recommendations through that membership.
How does MemberCheck support AML compliance in Jamaica?
MemberCheck screens customers and entities against global sanctions, PEP, and adverse-media data, verifies identities, and monitors risk continuously, with an audit trail behind every decision.
Screen customers for Jamaica risk with MemberCheck.
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