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  • October 30, 2019
  • The CLA does not have the ability to change the law of the United States, to change the correspondent banking issue so that we can go ahead and bank the industry, Lightbourne pointed out.

  • banking

    banking

    We have requested meetings with the Bank of Jamaica numerous times but what I have been told, not only by the Bank of Jamaica, but by private banking institutions, is that we cannot force a bank to take an individual's money and right now with risk of losing their correspondent banking, they will not touch it, the CLA chairman told the committee.

  • banking

    banking

    We are trying to outfit as much as we can, however, the CLA does not have the ability to fix the banking problem, she continued.

  • October 30, 2019
  • It added: The Bank of Jamaica's (BOJ) aggressive monetary policy, driving down its policy rate to 0.5 per cent on Jamaican dollars funds and reducing the cash reserve ratio to release additional liquidity to the banking sector, is not yet showing an impact on economic growth, though we note that inflation jumped in July (1.1 per cent) and August (0.8 per cent).

  • October 29, 2019
  • According to him, f many people with hopes for a better future are banking on a win from the Peoples National Party (PNP).

  • October 15, 2019
  • The Confucius Institute at the University of the West Indies (UWI), Mona, tasked to promote the learning of Mandarin, is banking on plans to expand its reach with a new, larger facility.

  • October 11, 2019
  • Shaw Says Govít Will Continue To Lobby US On Correspondent Banking - Jamaica Information Service

  • banking

    banking

    Minister of Industry, Commerce, Agriculture and Fisheries, Hon. Audley Shaw, says the Government will continue to lobby the United States (US) to take the lead in legitimising licensed cannabis growers and processors in the correspondent banking relationships with US banks.

  • banking

    banking

    The Minister noted that while Jamaica has made significant strides in creating an industry needed to catapult the island to the highest sphere of global cannabis, the issue of correspondent banking continues to be a major challenge for legal cannabis producers.

  • banking

    banking

    He added that passage of the Secure and Fair Enforcement (SAFE) Banking Act in the US congress could resolve correspondent banking challenges.

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