Holness promises to tackle money laundering

by

October 11, 2016
Andrew Holness

The Government is moving to review the Proceeds of Crime Act and Terrorism Prevention Act to strengthen legislation to deal with money laundering.

Prime Minister Andrew Holness says Jamaica cannot afford to be seen as a weak link in the chain of international efforts to combat money laundering and terrorism financing.

"We must therefore have a robust anti-money laundering and counter financing of terrorism regime in place to prevent criminals from benefiting from the proceeds of their crime," he said, while addressing bankers at the 5th Annual Anti-Money Laundering/Counter-Financing of Terrorism conference at The Jamaica Pegasus hotel yesterday.

Holness stated that taking the profit out of crime is one of the foremost measures for the Government to combat the crime problem.

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