Bank of Jamaica
Issues the instrumentThe central bank and supervisor of deposit-taking institutions. Its guidance notes on the detection and prevention of money laundering and terrorist financing, published in the Jamaica Gazette Extraordinary on 14 June 2018, set what a bank must establish before it opens an account.
An instrument published here takes legal effect on publication. This is where the law becomes the law.
boj.org.jmCannot be cited for
It must not be cited for what any individual bank will accept: the notes bind the institution and set a floor, and a bank may ask for more. Nor for the obligation itself, which is in the Proceeds of Crime Act and its regulations rather than in the notes.
Re-check every
120 days
Publication rhythm
The guidance notes are reissued rarely and gazetted when they are.
Re-check triggers
a new edition of the guidance notes · an amendment to the Proceeds of Crime (Money Laundering Prevention) Regulations · a change to the identification documents accepted