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Agency

Financial Investigations Division (FID)

The Financial Investigations Division is a Division within the Ministry of Finance and Planning which was established 16th December, 2002. The Division has evolved with time and the objectives now focus on the need to deter the use of Jamaica’s economy for money laundering and other financial crimes thereby contributing to a stable financial sector and an investor friendly environment. Part of the mandate of the FID is to also increase public awareness of financial crimes and the impact and importance of their elimination from the society.
With the passage of the Proceeds of Crime Act (POCA), 2007, has come the increased responsibilities of the Division to grant “consent to perform a prohibited act”, to financial institutions – a new concept. Under this legislation, the increase in investigative powers inter alia and the operation of the Asset Recovery Agency which is charged with the responsibility of seizing assets and removing the profit out of crime.