The Bank of Jamaica said, under the new ownership structure, AFSL has satisfied the bank’s due diligence requirements to resume full cambio and remittance operations.
Alliance Financial Services Limites (ASFL) and its approved sub-agents will resume full cambio and remittance operations effective Monday, April 4.
The resumption comes as Sagicor Group Jamaica (SGJ) completed the purchase of 100 per cent of the shares in AFSL.
In a statement on its website, the Bank of Jamaica stated: “under the new ownership structure, AFSL has satisfied the bank’s due diligence requirements.”
AFSL is also now fully enabled on the international MoneyGram platform.
“This is a significant moment for us at Sagicor as the acquisition of AFSL is aligned to the group’s overall strategy for growth. We are eagerly anticipating the opportunity this presents for us to move into new business segments and expand our product offerings to our clients,” said Sagicor Group Jamaica President and CEO Christopher Zacca.
Zacca added: “the Sagicor team is excited to work with the experienced and professional team members and sub-agents of Alliance Financial Services.”
Zacca said Sagicor expects to continue the already established tradition of excellent service to the public and position the business for robust growth.
