Divisions

The Financial Investigations Division is a Division within the Ministry of Finance and the Public Service which was established on the 16th December 2002. The Division has evolved with time and the objectives now focus on the need to deter the use of Jamaica’s economy for money laundering and other financial crimes thereby contributing to a stable financial sector and an investor friendly environment.

The Financial Regulations Division (FRD) deals with the development of the regulatory framework, which influences the operations of the country’s financial sector. The division seeks to develop an effective regulatory framework for deposit-taking and non-deposit-taking financial institutions and the supervision of the pensions industry, as well as to develop an adequate legislative framework for successfully combating financial crimes.

The Internal Audit Unit (IAU) of the Ministry of Finance and The Public Service is mandated by the FAA Act to carry our regular audits of the financial and operational functions of the ministries, its Agencies and Departments. Special assignments are carried out on a regular basis as required by the Financial Secretary.

A major function of the Public Enterprises Division (PED) is to examine continuously the financial performance of the Public Sector Entities.

Performance is measured againsts budgets and where applicable, agreed targets under the Public Sector Financial programme.