The areas which the Proceeds of Crime Act (POCA) can target are being broadened to increase the prosecution of money laundering offences among certain professional groups.

Financial Investigations Division (FID) Chief Technical Director Selvin Hay, who made the disclosure about targeting certain professional groups, did not identify the targets. However, the Jamaica Observer reported two weeks ago that real estate and used-car dealerships will face greater scrutiny under the country’s anti-money laundering/combating the financing of terrorism (AML/CFT) framework given their high vulnerability to financial crimes.

https://www.jamaicaobserver.com/sunday-finance/poca-to-target-more-professional-groups-for-money-laundering-local-real-estate-used-car-dealerships-already-flagged_236176?profile=1056

 

Hay advised that