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The home page of the JDIC’s new website.

JDIC Launches New Website

By: Candice Stewart, November 4, 2021

The Jamaica Deposit Insurance Corporation (JDIC) now has a new website, which provides depositors, member institutions and the general public with easier access to information, while facilitating increased engagement with...

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, addresses the recent Insurance Association of Jamaica (IAJ) semi-virtual microinsurance conference at The Jamaica Pegasus hotel in New Kingston. The event was held under the theme ‘Microinsurance – The Jamaican Perspective’.

Proposed Microinsurance To Benefit The Most Vulnerable

By: Douglas McIntosh, November 3, 2021

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, addressing the recent Insurance Association of Jamaica (IAJ) semi-virtual microinsurance conference at The Jamaica Pegasus hotel in New Kingston. The event was held under the theme ‘Microinsurance – The Jamaican Perspective’.

Economic Recovery Gathering Pace – Minister Clarke

By: Douglas McIntosh, November 2, 2021

Finance & Public Service 4 years ago Cross Roads Tax Office will not be open Monday, November 1
By: Tax Administration Jamaica, November 1, 2021
Finance & Public Service 4 years ago Gov’t Confident About Implementing Public Sector Compensation Review
By: Douglas McIntosh, November 1, 2021
Economic Growth & Job Creation 4 years ago Government To Prioritise More Policies To Facilitate A More Inclusive Economy
By: Douglas Mcintosh, October 29, 2021

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Executive Director, Transformation Implementation Unit (TIU), Maria Thompson Walters, addresses a Jamaica Information Service (JIS) ‘Think Tank’, at the agency’s head office in Kingston on Thursday, October 28, 2021.

4 years ago Finance & Public ServiceJIS Think Tank

Shared Corporate Services Impacting Government Positively

The introduction of shared corporate services (SCS) in the public sector is already having a positive impact on the operations of government. Speaking at a Jamaica Information Service (JIS) ‘Think...

By: Shanna K. Salmon, October 29, 2021

The House of Representatives began debate on the International Corporate and Trust Services Providers (Change of Name and Amendment) Act, 2021, on Wednesday (October 27).
Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, said the Bill seeks to amend the International Corporate and Trust Services Providers Act (the Principal Act), which was passed and assented to on August 18, 2017 and awaits an appointed day.
The Principal Act seeks to regulate international trust and corporate service providers to prevent the misuse of these business arrangements as vehicles for illicit ends, such as money laundering and terrorism financing.
“The Bill aims to remove the distinction in treatment between the domestic and international service providers by bringing domestic services providers under the ambit of the legislation and to strengthen the provisions of the Principal Act,” Dr. Clarke said.
He noted that the Principal Act sought to regulate providers of international trust and corporate services and applies to individuals, firms and companies that engage in the business of providing international services.
“However, whilst the Act awaited the development and promulgation of regulations, it was recognised that there was a need to include domestic corporate and trust providers into the regulatory ambit of the Act, because to maintain any distinction in treatment between the domestic and international service providers would run afoul of the requirements and standards of the Financial Action Task Force (FATF) requirements,” Dr. Clarke said.

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Debate begins…2
“Importantly, this was amongst the deficiencies cited in Jamaica’s anti-money laundering countering of terrorism financing supervisory regime and contributed to Jamaica’s inclusion in the current FATF grey list issued on February 21, 2020, as a jurisdiction subject to increased monitoring,” he added.
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The Minister said the amendment to the Act is critical to redeeming Jamaica’s standing and forms part of the suite of actions that are required for the country’s removal from any of those listings by FATF.
Debate on the Bill was suspended and will continue during another sitting of the House of Representatives.

4 years ago Finance & Public ServiceParliament

Debate Begins on Bill To Regulate International Trust And Corporate Service Providers

The House of Representatives began debate on the International Corporate and Trust Services Providers (Change of Name and Amendment) Act, 2021, on Wednesday (October 27). Minister of Finance and the...

By: Latonya Linton, October 29, 2021

Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke, addressing the Insurance Association of Jamaica (IAJ) semi-virtual microinsurance conference at the Jamaica Pegasus Hotel in New Kingston, on Wednesday (October 27). The event was held under the theme ‘Microinsurance – The Jamaican Perspective’.

4 years ago Finance & Public Service

Insurance Soon To Be A Reality For Informal And Small Businesses

Work is advanced on the proposed Microinsurance Bill, which is expected to be tabled in Parliament before the end of the 2021/22 fiscal year, on March 31, 2022. This was...

By: Douglas Mcintosh, October 29, 2021

Programme Director, Planning Institute of Jamaica (PIOJ) Community Renewal Programme, Charles Clayton, makes a point during a Jamaica Information Service (JIS) Think Tank at the agency’s head office in Kingston on Wednesday (October 27).

4 years ago Finance & Public Service

Persons Invited To Register For PIOJ Symposium On Best Practices For Social And Community Renewal

Persons who work or have interest in the field of development and community interventions are being invited to register for the Symposium on Best Practices for Social and Community Renewal...

By: Shanna K. Salmon, October 28, 2021

: Minister of State in the Ministry of Finance and Public Service, Hon. Marsha Smith.

4 years ago Finance & Public ServiceTechnology

More Jamaicans Encouraged To Do Digital Banking

More Jamaicans are being encouraged to become a part of the formal banking system by reaping the rewards available through digital banking. The call came from the Ministry of Finance...

By: Lisa Rowe, October 27, 2021

4 years ago Finance & Public Service

TAJ to Host Vaccination Blitz at Spanish Town And Portmore Tax Offices

Tax Administration Jamaica (TAJ) will continue its national vaccination drive at the Spanish Town and Portmore Tax Offices where they will host a three-day vaccination drive from October 28 –...

By: Tax Administration Jamaica (TAJ), October 27, 2021

4 years ago Finance & Public Service

Business Operations this Saturday for Select Tax Offices

Tax Administration Jamaica (TAJ) is reminding the public that it will open select Tax Offices this Saturday October 30, 2021, and every last Saturday of the month for the remainder...

By: Tax Administration Jamaica (TAJ), October 27, 2021

4 years ago Finance & Public Service

Consumption Taxes for September Due Friday October 29

Tax Administration Jamaica (TAJ) is reminding business persons that Consumption Taxes for the month of September are due on Friday October 29, 2021, to include GCT, SCT, TCT and GART....

By: Tax Administration Jamaica (TAJ), October 26, 2021

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JDIC Launches New Website

Proposed Microinsurance To Benefit The Most Vulnerable

Economic Recovery Gathering Pace – Minister Clarke

More Stories

Shared Corporate Services Impacting Government Positively

Debate Begins on Bill To Regulate International Trust And Corporate Service Providers

Insurance Soon To Be A Reality For Informal And Small Businesses

Persons Invited To Register For PIOJ Symposium On Best Practices For Social And Community Renewal

More Jamaicans Encouraged To Do Digital Banking

TAJ to Host Vaccination Blitz at Spanish Town And Portmore Tax Offices

Business Operations this Saturday for Select Tax Offices

Consumption Taxes for September Due Friday October 29

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