News Updates
STATEMENT ON EXPENSES RELATING TO THE SSL INVESTIGATION AND RELATED COSTS INCURRED BY THE FINANCIAL INVESTIGATION DIVISION AND THE FINANCIAL SERVICES COMMISSION
The Financial Investigations Division (“FID”), is using the proceeds of assets confiscated under Jamaica’s proceeds of crime legislation to fund the extraordinary expenses it incurs in the SSL fraud investigation. These funds do not constitute tax revenue. These funds arise from the FID’s work in identifying, restraining, forfeiting and monetising the proceeds of crime. That is, these funds arise from the confiscation of ill-gotten gains.
