Why Caribbean organizations must secure the AI, govern the agent, and assure the outcome EXECUTIVE SUMMARY Artificial intelligence has moved from pilot projects into the operational core of Caribbean enterprises — into finance, customer engagement, compliance, procurement, and decision-making itself. As it does, the traditional boundary between cybersecurity and AI governance is disappearing. The defining...
The AML/CFT/CPF Guidelines are the backbone of the VASP regime. Here is what they require — from the institution-wide risk assessment to customer due diligence, monitoring, record-keeping and reporting to the FID. In short: of the three instruments in the FSC’s proposed VASP framework, the AML/CFT/CPF Guidelines carry the most weight — they...
From first contact with the FSC to a licence in hand, the application runs through predictable stages. Here is each step, how long it takes, and where applications stall. In short: the VASP licensing journey is not a single submission but a sequence — pre-application engagement, a formal application, a completeness review (proposed at...
Substance is the requirement that a licensed VASP be a real operation in Jamaica, not a nameplate. Here is what each element means in practice, why it matters, and how to build a presence that satisfies the FSC — and your bank. In short: of all the licensing conditions, substance is the one...
The business plan is where the FSC decides whether your VASP is viable, well-governed and safe to license. Here is what the regulator is really looking for, a structure that works, and the mistakes that trigger delay. In short: a VASP licence application stands or falls on its business plan. The FSC does not...
Two of the biggest market-entry hurdles for a VASP licence are money and presence — enough well-documented capital, and genuine local substance. Here is what the FSC requires, and how to prepare for both without stumbling. In short: every VASP applicant must hold at least J$16 million in paid-up capital — the same floor...
Jamaica is not regulating virtual assets in a vacuum. Here is how its proposed licensing regime measures up against four of the world’s most influential frameworks — and what that means for operators choosing where to build. In short: Jamaica’s proposed VASP regime is recognisably part of a global wave. Like the EU’s MiCA,...
Jamaica’s Financial Services Commission has opened its proposed VASP licensing regime for public comment. Here is what is on the table, how to respond, and the road from consultation to a live licence. In short: the FSC published its proposed VASP licensing framework for public consultation on 10 June 2026, with comments due by...
Why Jamaica’s proposed VASP regime puts operators through a full licensing gate — not a light-touch register — and what that higher bar buys the market. In short: the FSC is proposing to licence virtual asset service providers (VASPs), not merely register them. A register records who is in the market; a licence...
A plain-English definition of a VASP under Jamaica’s proposed regime — the activities that bring you in scope, who is excluded, the decentralised-finance question, and how it all tracks the FATF standard. In short: a virtual asset service provider (VASP) is a business that, for or on behalf of others, provides virtual-asset services — operating...
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