Jamaica has taken decisive action to protect its nascent gaming sector from organized criminal infiltration through a newly established cooperation framework between key regulatory bodies. The memorandum of understanding (MOU) signed between the Major Organised Crime and Anti-Corruption Agency (MOCA) and the Casino Gaming Commission represents a strategic move to prevent the nation’s reinstatement to the Financial Action Task Force’s (FATF) increased monitoring list.
Colonel Desmond Edwards, Director General of MOCA, emphasized the critical importance of maintaining Jamaica’s hard-won removal from the FATF grey list in 2024 after four years of heightened scrutiny. “We don’t want to go back on the list,” Edwards stated, noting that grey list status severely diminishes a country’s appeal to international investors due to perceived high-risk categorization.
The FATF, as the global watchdog combating money laundering and terrorist financing, places nations on its grey list when their anti-financial crime frameworks are deemed inadequate. Edwards highlighted that Jamaica’s delisting resulted from concerted efforts across multiple sectors to address systemic vulnerabilities.
Gaming industries worldwide remain particularly susceptible to money laundering schemes, necessitating robust regulatory structures. The newly signed MOU establishes stringent protocols to prevent illicit funds from entering Jamaica’s gaming ecosystem while fostering investor confidence and public trust.
Casino Gaming Commission Chairman Ryan Reid characterized the agreement as demonstrating Jamaica’s commitment to industry integrity. “We are putting structures in place to combat anything or any intentions they may have,” Reid stated, referencing potential bad actors seeking to exploit the emerging sector.
Commission CEO Cleveland Allen clarified that Jamaica’s vision differs markedly from traditional gambling hubs like Las Vegas. Instead, the nation aims to integrate casino gaming as one component of a diversified tourism offering rather than establishing itself as a primary gaming destination.
The regulatory foundation was strengthened on February 10 when Jamaica’s House of Representatives approved the Casino Gaming (General) Regulations 2025. These comprehensive rules govern administrative processes, licensee obligations, record-keeping, reporting requirements, and enforcement mechanisms to ensure transparent and orderly industry operations.