The Electoral Commission of Jamaica (ECJ) has said it will be closely monitoring the financing of political campaigns for the September 3 general election.
A candidate may spend a maximum of $15 million in election expenses and a registered political party up to $630 million.
All expenditure and contributions must be reported to the ECJ.
In a media release, the ECJ reminded political parties and prospective candidates that all gifts, sponsorships and money contributed to them during this period must be disclosed.
The ECJ said contributors may give a maximum of $1.5 million to each candidate and up to $31.5 million to a registered political party.
Contributors of $250,000 or more must declare contributions and any government contracts valued at $500,000 or more, which are held or gained up to two years prior or after a contribution.
Additionally, individuals or entities who currently hold government contracts must make a declaration no later than 14 days of making the contribution.
Individuals or entities who are awarded government contracts after making a contribution must make a declaration within 14 days of entering into the contract.
Failure to disclose contributions or government contracts held can result in charges not exceeding $1 million and a term of imprisonment not exceeding 12 months.
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