Jamaica Looks To Bolster Remittance Trust With National ID System

Jamaica is to speed up development of a national ID system to improve transparency in the financial sector, as the country’s remittance sector strains under the pressure of banks’ de-risking policies. 

The Caribbean country’s Prime Minister announced at a conference on anti-money laundering (AML) and terrorist financing that the scheme is “ambitiously” aiming to launch in January 2018, six months ahead of an original proposed deadline.

The biometric-based system, known as NIDS, will involve the issuance of a unique ID number to Jamaican citizens, which could eventually be linked to a multi-purpose ID card or a digital, smart phone-based equivalent.

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