March 24, 2023

Jamaica: Former CIMA official Langston Sibblies resigns from Financial Services Commission over Usain Bolt scandal

Pin It

The Government has appointed a new board at the Financial Services Commission (FSC) amid criticism being faced by the body regarding its oversight duties. This comes amid the massive fraud uncovered at investment firm Stocks and Securities Limited (SSL). Finance Minister Dr Nigel Clarke today disclosed that the commission will be chaired by Richard Byles, […]

Jamaica and Caribbean facing global financial regulations

Pin It

From South Florida Caribbean News KINGSTON, Jamaica – Jamaica and those in the wider Caribbean are feeling the erosion of options to conduct international financial transactions due to tough global banking regulations. Economist Dr. Damien King said the challenge to banking regulations goes well beyond restrictions on basic transactions such as remittances and wire transfers. […]