IMF tells Jamaica to bring in risk-based supervision
IMF says new framework should be implemented in one year
The International Monetary Fund has called for Jamaican regulators to implement a risk-based supervision framework.
The IMF says in a December 3 report the new risk-based framework should be implemented within one year, with a specific focus on anti-money laundering and counter-terrorist financing.
The IMF says in its Financial Sector Assessment Programme report it is “critical” the regulatory authorities work together to implement the framework.
Jamaica currently has a 36-month
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