The following are requirements for individuals conducting transactions at our counters:

1. Customer Information

The following information must be provided by all customers:

  1. true name and names used;
  2. correct permanent address, including postal address;
  3. contact numbers (work; home; cellular);
  4. date of birth;
  5. nationality and citizenship;
  6. Taxpayer Registration Number (TRN) or other official number issued by a Government department;
  7. source of funds, and source of wealth, where considered appropriate;
  8. Any other relevant documentation where enhanced due diligence is required

Acceptable forms of identification are:

  • Valid Driver’s licence (bearing a photograph), issued by the authority in the country in which the person is resident;
  • Valid Passport;
  • Valid National Identification Card (bearing a photograph)

2. Transaction Limits and Source of Funds and Source of Wealth Requirements

A declaration of the source of funds or source of wealth is required for all transactions reaching or exceeding US$1,000.00, or the equivalent amount in any other currency. Sources of funds include salaries, savings, investment proceeds, and sale of assets. Sources of wealth include inheritance, gifts, a payout from a lawsuit and winnings from games of chance.

Examples of source of funds and source of wealth documentation include:

  • Bank or investment account statements
  • Account withdrawal receipts
  • Where salaries are referenced as the source of funds, they may be supported by a job letter, pay advice, work permit or similar documentation

Where gifts are stated as source of funds, the Bank will require verification of the source of funds from the sender along with their identification. Supporting documents for the sender of the funds are the same as those listed above.

Please note that for amounts below US$1,000.00, the Bank may, at its discretion, request similar information on the source of funds or source of wealth.

Bank of Jamaica is not permitted to engage in cash transactions of value equal to or exceeding JMD1 million, or its equivalent in any other currency. 

The Bank’s Policy on Combatting Money Laundering (AML) and the Financing of Terrorism (CFT) and Proliferation of Weapons of Mass Destruction (CFP) can be located at:  BOJ Policy on AML CFT CFP