For the past several years, Jamaica’s Finance Minister, Dr. Nigel Clarke, has been the ministerial point person on addressing deficiencies in the nation’s anti-money laundering and counter-terrorism financing regime.
It’s all in an attempt to comply with 40 recommendations that were imposed by the global standard-setter for money laundering and terrorist financing rules, Financial Action Task Force (FATF), which placed Jamaica on its international grey list in February 2020. One of the deficiencies he’s been addressing is supervision of the non-profit sector.
