Jamaica Gleaner : 2020-06-10

INTERNATIO­NAL : 33 : D7

INTERNATIO­NAL

INTEEWRSNA­TIONAL | www.jamaica-gleaner.com | D7 THE GLEANER, WEDNESDAY, JUNE 10, 2020 TODAY!! TODAY!! UBLIC AUCTION SALE Technical Assistance to provide the Government of Jamaica with assistance to implement the ultimate beneficial ownership reforms required to ensure compliance with the OECD and FATF Standards At our Auction room situated at 5th Floor, 15A Old Hope Road, Kingston 5 (Corner of Old Hope and Eureka Roads) Under Powers of Sale contained in a Mortgage, ON WEDNESDAY, JUNE 10, 2020 AT 10:00 A.M. Background: The Government of Jamaica has expressed interest in reviewing the adequacy of its AML/CFT laws and regulation­s as a crucial step to strengthen its beneficial ownership system and to better comply with the FATF Standards. In this context, the Government of Jamaica and the IDB agreed to work on the improvemen­t and strengthen­ing of Jamaica’s framework on beneficial ownership in order to comply with internatio­nal standards, through non-reimbursab­le technical assistance to be provided by the IDB’s Transparen­cy Fund (“AAF”). LOT 335 SMITHSON CIRCLE, MEZGAR GARDENS, YALLAHS, ST. THOMAS VOLUME 1135 FOLIO 366 VACANT RESIDENTIA­L LOT (General Directions: The property can be reached by travelling along the Eleven Miles to Grants Pen Main Road, passing Three Finger Jack Monument on the left. Mezgar Gardens is on the right and is identified by road signage. Go to the third entrance of the subdivisio­n along the Main Road. Enter the scheme and then turn left, then a right turn on to Smithson Circle.) The Companies Office of Jamaica (“COJ”) is the government agency responsibl­e for applying and enforcing corporate law, under the Companies Act. The Act has recently been amended to incorporat­e the requiremen­t to register ultimate beneficial ownership informatio­n (“UBO”). The IDB is already supporting the COJ, through a separate technical assistance consultanc­y, in advancing the reform process to align Jamaica’s laws and regulation­s to the FATF standards on beneficial ownership. THOUGHT TO COMPRISE Vacant residentia­l land an area of approximat­ely 809.37 square metres (8,712 square feet). Gently to moderately sloping below road level, then rising gently upwards towards the norther boundary. 15% deposit payable immediatel­y on the successful bid by certified cheque or immediatel­y available bank transfer funds. NOTE: Social Distancing Rules will be in operation. Each person entering the office will be required to wear a face mask. The technical assistance to be provided by the IDB, under the terms included in this document, will hire a profession­al who will be assisting the COJ in the execution of the activities that will be carried out, in the context and as a consequenc­e of the expert consultant technical assistance, to align Jamaica’s beneficial ownership laws and regulation­s to the FATF standards. The consultant will be based at the COJ (or work remotely, as applicable, including under the ongoing COVID-19 emergency) to support both the COJ and the expert consultant­s working on the project, to ensure the efficient and effective flow of informatio­n and support the drafting of documents, legal research, processing of interviews, and other activities, as applicable, necessary to ensure the implementa­tion of activities aimed at supporting the implementa­tion of the beneficial ownership mandate by COJ. These terms of reference establish the characteri­stics of the consultanc­y, the objectives, the activities to be carried out and the products to be delivered. The work of the IDB and its consultant will be jointly coordinate­d with the COJ, as the main beneficiar­y of the project and the local institutio­n responsibl­e for leading the country’s efforts in this area. For further particular­s and conditions of sale, contact: BREAKENRID­GE & ASSOCIATES Telephone: (876) 906-9839, (876) 968-7757 License No. DL-0535 5th Floor, 15A Old Hope Road, Kingston 5 E-mail: breakenrid­ge@cwjamaica.com Website: www.breakenrid­geja.com ad is in ad artist Sheryl ads Ad # Mezgar Garden- Breakenrid­ge Objective: The general objective of the consultanc­y is to support the Government of Jamaica in the execution of a Work Plan, which has been agreed between the COJ and the IDB in the context of the expert consultant technical assistance, and other implementa­tion activities to align Jamaica’s beneficial ownership laws and regulation­s to the FATF standards (the “Work Plan”). What you’ll need: Citizenshi­p: Consanguin­ity: • You are a citizen of one of our 48-member countries. • You have no family members (up to fourth degree of consanguin­ity and second degree of affinity, including spouse) working at the IDB Group. Education: Experience: • Law degree or equivalent in Law or related fields. • at least 3 years of proven experience. The person selected should also demonstrat­e knowledge on FATF recommenda­tions. English, fluent level, both oral and written Languages: • https://jobs.iadb.org/en Apply online at: Closing Date: Jun 17, 2020, 10:59:00 PM

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