A MILESTONE IN OUR FINANCIAL REFORM JOURNEY AS JAMAICA INVITED TO PARTICIPATE IN FATF GLOBAL INITIATIVE

­­­­­­­­Kingston, Jamaica: Friday, July 11, 2025

The Ministry of Finance and the Public Service welcomes Jamaica’s invitation to participate in the Financial Action Task Force (FATF) “FSRB Jurisdictions Guest Initiative.” This prestigious invitation was extended by FATF President Ms. Elisa de Anda Madrazo and will allow Jamaica to sit at the FATF table under its own flag and contribute to the organisation’s key policy discussions and working groups over the course of one year.

Participation begins with the FATF Plenary scheduled for October 20–24, 2025, in Paris, France. As part of the initiative, Jamaica will be represented by a national delegation in three consecutive plenary meetings and related technical working sessions, helping to shape international financial integrity standards and practices and providing guidance to other states.

Minister of Finance and the Public Service, the Honourable Fayval Williams, welcomed the invitation, describing it as “a strong vote of confidence in Jamaica’s ongoing financial reforms and a significant opportunity to contribute to global policy direction on anti-money laundering and counter-financing of terrorism (AML/CFT).

“Our journey to this point has not been without challenges. Just a few years ago, Jamaica was listed by the FATF as a jurisdiction under increased monitoring. Through sustained will, inter-governmental collaboration, and targeted legislative reforms over many years, we successfully addressed all identified strategic deficiencies and exited the ‘grey list.’ This invitation to participate in the FSRB Guest Initiative reflects the international community’s continued recognition of our progress,” — Minister Fayval Williams.

Jamaica was officially removed from the Financial Action Task Force (FATF) grey list in June 2024, marking the culmination of a rigorous and sustained national effort to strengthen our anti-money laundering and counter-financing of terrorism (AML/CFT) framework. The European Parliament recently voted to remove Jamaica from Europe’s list of high-risk nations.

The FATF’s FSRB Guest Initiative seeks to strengthen global collaboration by including voices from regions with limited representation. As a guest member Jamaica will contribute technical insights and share national experiences, enriching the FATF’s deliberations on financial integrity, risk, and global standards.

Jamaica’s participation aligns with national priorities to maintain international confidence in our financial system, deepen our engagement with multilateral institutions, and enhance our role as a leader within the Caribbean Financial Action Task Force (CFATF).

The Ministry of Finance and the Public Service will work closely with key stakeholders to ensure the country’s effective and constructive participation in this global forum.

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