Your Currency. Your Capital. Your Future.
Our Cambio Services
Do you need Foreign Exchange?
We offer Competitive Rates
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Source of Funds Requirement 1. Customer Information
The following information must be provided by all customers:
- true name and names used;
- correct permanent address, including postal address;
- contact numbers (work; home; cellular);
- date of birth;
- nationality and citizenship;
- Taxpayer Registration Number (TRN) or other official number issued by a Government department;
- source of funds, and source of wealth, where considered appropriate;
- 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$500.00, 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$500.00, the institution may, at its discretion, request similar information on the source of funds or source of wealth. This is also just a guide and is subject to change.
Source: Bank of Jamaica
Our Investment Services
Are you confused about how to Invest?
Get help from our Experienced Advisors
USD FIXED INCOME
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Learn More Capital Solutions is pleased to introduce its USD Fixed Income portfolio. The primary aim of this portfolio is to provide above-market returns for our clients while also seeking to preserve capital. This portfolio is actively managed by our team of investment professionals and is highly diversified. Our assets include carefully researched and selected international bonds, all actively monitored by our team of analysts.
Features:
1. Assets are denominated in USD
2. Portfolio is diversified across various sectors
3. Steady cash flows
4. Reduce volatility
5. Medium duration
CAPITAL GROWTH
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Learn More Our Jamaican dollar growth portfolio is designed for investors looking to generate cash flow throughout the year.
Features:
- Assets are owned by the investors
- Diversified portfolio
- Steady cash flow
- Short to medium duration.
EQUITY PLUS
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Learn More Equity Plus is our Jamaican dollar-managed equity portfolio. This portfolio comprises of our top equity picks and is targeted to medium to long term investors looking to build a strong return on their investment. The portfolio is actively managed and traded to maximize returns. (All assets owned outright by the investors)
Features:
- Stocks are denominated in JMD
- All stocks are traded on the JSE
- Medium to long term duration
- Diversified Portfolio
USD & JMD MONEY MARKET
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Learn More Our Money Market Portfolio is for short-term investors looking for rates above what can be obtained in commercial banks but with very low risk. The portfolio can be used to achieve your short-term investment goals. The portfolio is well suited to both high net worth individuals who need assistance in managing their money, and those individuals looking to accumulate a lump sum over a short period.
Features:
- Short duration
- Very low risk with assets most invested in Government paper and BOJ instruments
- No lock-up period
- Customer can choose their duration.
CAPITAL EDUCATOR
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Learn More The Capital Educator is a long-term investment product that assists parents to save towards their children’s university education. The aim of the Capital Educator portfolio is to preserve principal while earning strong returns on funds invested. Persons can invest in both JMD and USD.
Features:
- Long term
- Low-risk
- Dual currency
- Bonus upon the child being accepted to university
Who We Are
We are a Boutique Financial Group with over 20 years of experience.
We offer Investment and Cambio products with a focus on using technology to enhance our customers’ experience, embracing our Mantra of “Going Beyond the Traditional”.
