Jamaica’s law-enforcement agencies have reached out to the Federal Bureau of Investigation (FBI) and other international partners to assist them in unravelling the nearly US$19.5 million fraud at investment firm Stocks & Securities Limited (SSL).

The fraud, which has been ranked among the largest in Jamaica’s history, has impacted more than 30 clients, including Jamaica’s Olympic legend Usain Bolt, who has reported loss US$12.7 million.

Speaking at a policy address on Jamaica’s Financial Sector Regulation on Monday, Minister for Finance and the Public Service Dr the Honourable Nigel Clarke disclosed that the FBI was contacted to help with investigating the large scale fraud.

Dr. Clarke said there will be full transparency in the matter with no stone to be left unturned.

The minister also spoke on the negative impact that the fraud has left on the financial services industry and on the country as a whole.

Clarke also said that despite this most unfortunate development, Jamaica’s financial sector remains strong with many positives in the industry.

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