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The Role of Digital Asset Recovery in Jamaica’s Proceeds of Crime Act

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  After the island of Jamaica became one of the first countries in the world to issue cryptocurrency tokens as legal tender, Asset Reality was appointed as the country’s asset manager by the Jamaican authorities. The island’s law enforcement agencies are also one of the first international jurisdictions to use our new Asset Recovery Management System (ARMS) Platform. Our SaaS-based ARMS platform has allowed Jamaican police officers, public prosecutors and investigating judges to track and audit their portfolio of seized assets alongside the wide variety of resolution tools needed to investigate crypto-related crimes on the island. Thanks to this appointment, several members of the Asset Reality team were invited back to the island of Jamaica for a conference organised by the Financial Investigations Division, Ministry of Finance and the Public Service. The two-day event at the Jamaica Pegasus Hotel focused on widening the use of the Proceeds of Crime Act (POCA) through collaboratio...