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  • The Ministry of Finance and Planning will continue implementation of the Caribbean Criminal Asset Recovery Programme (CCARP) this year with a $51.9 million allocation.
  • The project seeks to strengthen the Financial Investigations Division (FID) criminal assets recovery capabilities.
  • Anticipated targets for 2014/15 include the introduction of an Assets Recovery Incentivization Scheme Policy (ARIS).

The Ministry of Finance and Planning will continue implementation of the Caribbean Criminal Asset Recovery Programme (CCARP) this year with a $51.9 million allocation.

This is included in the 2014/15 Estimates of Expenditure, currently before the Standing Finance Committee of the House.

The project, which commenced in January 2012, seeks to strengthen the Financial Investigations Division (FID) criminal assets recovery capabilities through the provision of technical assistance; and develop the capability of judiciaries in preparing, presenting, and presiding over hearings into financial crimes.

Achievements up to January 2013 were: amendments to the FID Act, including provisions for restricting cash transactions, and disposal of suspicious transactions; and amendments to the Terrorism Prevention Act, which now sees the FID being the sole designated investigating body for suspicious transactions.

There were also the signing of several local and international Memoranda of Understanding (MoUs) with the Jamaica Constabulary Force (JCF), Office of the Director of Public Prosecutions (DPP), Tax Administration Jamaica (TAJ) and the Caribbean Financial Action Task Force (CFATF); and the launching of the FID’s website.

Anticipated targets for 2014/15 include: introduction of an Assets Recovery Incentivization Scheme Policy (ARIS); implementation of Change Management Programme recommendations; attaining membership in the Egmont Group of Financial Intelligence Units by June; increased asset forfeiture; and increased staff training and succession planning.

The project, which is being funded by the United Kingdom Department for International Development (DFID), is slated to end in September 2015.