Mon | Jan 22, 2018

Take the profit out of crime – Clarke

Published:Friday | February 3, 2017 | 4:45 PM
Dr. Nigel Clarke

Deputy Chair of the Economic Growth Council (EGC), Nigel Clarke says that taking the profit out of crime is one of the most effective ways to address criminal activity in Jamaica.

He suggested that most crimes are committed by organised criminal networks that are sustained by profit.

“The only way to dismantle criminal networks and therefore to dent the incidence of crime in Jamaica is to remove the profit from crime,” he argued.

He was addressing a public lecture on Jamaica’s economic growth agenda on the Mona campus of the University of the West Indies Mona Campus on Wednesday.

Clarke said crime retards economic expansion, compromises business development and increases the cost of economic activity.

“The loss of lives, injuries, healthcare costs resulting from crime impose an economic and social burden that is also a drag on the economic vibrancy,” he pointed out.

He said the EGC has made recommendations to the government to extend the proceeds of crime legislation to include all lawyers, accountants, bankers and real estate brokers, with appropriate provisions to protect attorney-client privileges.

The Proceeds of Crime Act was passed by Parliament in 2007 to replace the Money Laundering Act and provides for the investigation, identification and recovery of the proceeds of crime and connected matters.