What are the Acts and/or Regulations that govern the FID?
The Proceeds of Crime Act (POCA) (May 20, 2007) is the main Act governing the FID, along with the Terrorism Prevention Act and Regulations. Under POCA a person commits an offence if that person;
- engages in a transaction that involves criminal property (drug trafficking, fraud, corruption, extortion)
- conceals, disguises, disposes of or bring into Jamaica any such property. Concealing or disguising property includes concealing, disguising the nature of the property, source, location, disposition, movement or ownership of property.
- Enters into an arrangements that facilitates the acquisition, retention, use or control of the criminal property by or on behalf of another person knowing the property to be illegal.
- Converts transfer or removes any such property from Jamaica knowing it to be criminal property.