Benefits of the JBA

The JBA is an established and respected body with strong advocacy capabilities that provides a platform for, inter alia:

• Discussions and consensus among its members on issues that affect the banking sector
• The promotion of the interests of its members through advocacy which includes conducting research and making recommendations in response to government proposals/requests.
• The promotion of good relations between the banking sector and the public
• Active participation in the regulatory process

Through its monthly meetings and the various committees of the Association including the Anti-Fraud Committee, Cards Committee and Compliance Committee, coordinated by the JBA Secretariat,  members are kept current on issues such as:

• Development of a credit bureau in Jamaica
• KYC Standards
• BoJ's National Payments System
• Development in respect of proposed and enacted legislations e.g. The Proceeds of Crime Act and the Financial Investigations Division Act
• Caribbean Financial Action Task Force (CFATF) and Anti-Terrorism
• Effective Measures/Strategies to curtail financial fraud