The Financial Action Task Force has selected Jamaica for its FSRB Jurisdictions Guest Initiative, granting the Caribbean nation direct participation in global anti-money laundering and counter-terrorism financing policy discussions over the next twelve months. FATF President Elisa de Anda Madrazo extended the invitation, which allows Jamaica to represent itself under its national flag at upcoming meetings. The country will participate in three consecutive plenaries and related technical sessions, beginning with the Paris gathering scheduled for October 20 through 24, 2025. This participation enables Jamaica to influence international financial integrity standards while contributing national expertise to global policy development. Finance Minister Fayval Williams praised the invitation as recognition of Jamaica's financial reform progress and a chance to shape worldwide policy direction.
The minister acknowledged Jamaica's previous challenges, noting the country had faced FATF designation as a jurisdiction under increased monitoring just years earlier. Through coordinated government efforts and legislative changes, Jamaica successfully addressed all strategic deficiencies identified by the task force. The nation achieved removal from the FATF grey list in June 2024, followed by its elimination from Europe's high-risk nations list by the European Parliament. The FSRB Guest Initiative specifically targets underrepresented regions to broaden global perspectives on financial security measures. Jamaica's Ministry of Finance plans to collaborate with domestic partners to maximize the country's engagement throughout the year-long participation period.
The minister acknowledged Jamaica's previous challenges, noting the country had faced FATF designation as a jurisdiction under increased monitoring just years earlier. Through coordinated government efforts and legislative changes, Jamaica successfully addressed all strategic deficiencies identified by the task force. The nation achieved removal from the FATF grey list in June 2024, followed by its elimination from Europe's high-risk nations list by the European Parliament. The FSRB Guest Initiative specifically targets underrepresented regions to broaden global perspectives on financial security measures. Jamaica's Ministry of Finance plans to collaborate with domestic partners to maximize the country's engagement throughout the year-long participation period.
