News
| Sep 23, 2022

Remittance licence surrendered at four Lasco Finance subagent locations

/ Our Today

administrator
Reading Time: < 1 minute

The remittance operating licences issued to Lasco Financial Services Limited (LFSL) to offer remittance services through sub-agent arrangements at four locations, have been voluntarily surrendered.

The Bank of Jamaica has advised that, as a result, effective September 2, 2022, LFSL is no longer authorised to offer remittance services at these locations. However, LFSL remains a licensed remittance company, offering remittance services at 140 other locations islandwide.

The affected locations are:

·      BVS Betta Value Supermarket; Shop 6, 1 Vaz Drive, Old Harbour, St Catherine.

·      Crystal Visions Limited; 53 Hagley Park Road, Kingston 10.

·      Excellent Retail Outlet; 10 Miles, Bull Bay, St Andrew.

·      Wong’s Texaco Service Station Limited; 230 Mountain View Avenue, Kingston 6

Tags
Bank of Jamaica BOJ Lasco Financial Services Ltd LFSL Remittance Operating Licence remittance services

Comments

What To Read Next

News SUR Apr 2, 2026

US aims to bolster energy partnership in Caribbean, eyes Suriname’s growing oil sector

Reading Time: 2 minutesThe United States is stepping up its push for deeper energy and infrastructure partnerships in the Caribbean, with a focus on Suriname’s emerging oil and gas sector and the region’s long-term energy security, according to Paul Watzlavick, Chargé d’Affaires at the US Embassy in Paramaribo.

“It’s increasingly clear that this region is an essential partner to the US,” Watzlavick said. “We want partnerships that support a strong workforce, keep our people safe and respect the sovereignty of every country.” He stressed that energy security in the Caribbean goes beyond production, highlighting the need for modern infrastructure, updated technologies and stronger systems across power generation and transmission. We need energy systems that are up to date. The needs here are very different from Trinidad or Texas, but the goal is the same,” Watzlavick said.