Jamaica: PM asks financial sector to help remove profit from crime
11 Oct 2016

Prime Minister Andrew Holness has called on the financial sector to ensure a regulatory environment that removes profitability from criminal activities.

“We must take the profit out of crime. Criminals must have no access to the financial system; and where they operate in the informal economy and the backwaters of our country, we must find them and separate them from their illegal gains,” he said.

Holness was giving the keynote address at the fifth annual Anti-Money Laundering/Counter-Financing of Terrorism (AML/CFT) Conference yesterday at The Jamaica Pegasus Hotel, being hosted by the Jamaica Bankers Association (JBA) and the Jamaica Institute of Financial Services from October 10 to 11.

The prime minister urged collaboration to ensure that criminal activities remain unprofitable.

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