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House passes Bill to make house ownership easier

November 12, 2014
 KINGSTON, Jamaica (JIS) -- The House of Representatives, on Tuesday (November 11), passed amendments to the Mortgage Insurance Act, aimed at making mortgages more accessible to people seeking to acquire a home. The Bill seeks to increase from 90 per cent to 97 per cent, the percentage of the appraised value of the property on which mortgage indemnity...
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Timeshare Vacations Bill Passed

October 23, 2014
 EFFORTS TO diversify the island's tourism offerings have received a major boost as timeshare vacations are set to be added to Jamaica's tourism product with the passage of the Timeshare Vacations Bill. The bill was passed in the House of Representatives on Tuesday after being piloted by Minister of Tourism and Entertainment  Dr Wykeham McNeill,...
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High Court To Hear Bar Association's Injunction Application Next Week

October 15, 2014
 A High Court is next week scheduled to hear an application by the Jamaican Bar Association (JBA) to get an injunction halting the implementation of measures mandating lawyers to report instances of financial crimes in dealings with clients.  The Bar Association has registered strong objections to the order in the amended Financial Investigation...
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New Real Estate Inspectorate To Tackle Money Launderers

October 12, 2014
  Sandra Watson, general manager of Real Estate Board.-File Sandra Watson, the general manager of the Real Estate Board (REB), is in the process of setting up an inspectorate to ensure that dealers and others engaged in real estate transactions are not engaged in money laundering or facilitating it. Jamaica is a signatory to anti-money laundering...
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Be Mindful Of High-Risk Clients - Bunting

September 30, 2014
  SECURITY MINISTER Peter Bunting has urged white collar professionals to be mindful of high risk clients who may engage them to facilitate money laundering, as the Proceeds of Crime (Amendment) Act 2013 has more criminal sanctions. Bunting made the disclosure at the Realtors Association of Jamaica annual general meeting, held at the New Kingston...
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