Jamaica RISK & COMPLIANCE REPORT DATE: March 2018
Jamaica RISK & COMPLIANCE REPORT DATE: March 2018 KNOWYOURCOUNTRY.COM Executive Summary - Jamaica Sanctions: None FAFT list of AML No Deficient Countries US Dept of State Money Laundering Assessment Higher Risk Areas: Not on EU White list equivalent jurisdictions Corruption Index (Transparency International & W.G.I.) International Narcotics Control Majors List Non - Compliance with FATF 40 + 9 Recommendations Medium Risk Areas: World Governance Indicators (Average Score) Failed States Index (Political Issues)(Average Score) Major Investment Areas: Agriculture - products: sugarcane, bananas, coffee, citrus, yams, ackees, vegetables; poultry, goats, milk; shellfish Industries: tourism, bauxite/alumina, agro-processing, light manufactures, rum, cement, metal, paper, chemical products, telecommunications Exports - commodities: alumina, bauxite, sugar, rum, coffee, yams, beverages, chemicals, wearing apparel, mineral fuels Exports - partners: US 38.7%, Russia 8.1%, Canada 7.8%, Slovenia 5.6% (2012) Imports - commodities: food and other consumer goods, industrial supplies, fuel, parts and accessories of capital goods, machinery and transport equipment, construction materials Imports - partners: US 30.1%, Venezuela 14.8%, Trinidad and Tobago 14.4%, China 11.9% (2012) 1 Investment Restrictions: The Government of Jamaica (GOJ) has recognized foreign investment as a source of development, and has no policies or regulations that reserve certain sectors exclusively for Jamaicans. Both the governing People’s National Party (PNP) and the opposition
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