based on the jamaican banking system

The Proceeds of Crime Act and Proceeds of Crime (Money Laundering Prevention) Regulations impose duties on businesses in the regulated sector. (a) State what are businesses in the regulated sector? (b) Explain the duties to file reports and implement regulatory controls which are imposed on a financial institution under the Act and Regulations. The Proceeds of Crime Act and Proceeds of Crime (Money Laundering Prevention) Regulations impose duties on businesses in the regulated sector. (a) State what are businesses in the regulated sector? (b) Explain the duties to file reports and implement regulatory controls which are imposed on a financial institution under the Act and Regulations