Advertisement

BOJ's move to discontinue paper cheques faces legal challenge

Nakinskie Robinson reports
 
Lawyers representing pastor of the Tarrant Baptist Church, Jeffrey Shuttleworth, have filed a motion before the Supreme Court challenging the decision of the Bank of Jamaica and the BOJ Governor to phase out the use of paper cheques on the island. 
 
The motion was filed on Monday before the Supreme Court. 
 
The Bank of Jamaica recently announced that effective at September 1, cheques equal to or greater than $1 million will no longer be accepted by financial institutions and Tax Administration Jamaica (TAJ). 
 
That will be followed by a $500,000 limit by March 2027, a $100,000 limit by September 2027, and a full discontinuation of a checques on March 1, 2028. 
 
However, the legality of this directive is now being challenged by Pastor Shuttleworth and members of the Freedom Come Ministries International and Association of Christian Communicators and Media (ACCM). 
 
The Christian groups are seeking leave for judicial review of the directive by the BOJ and the Governor to dispense with the use of cheques in the sum of $1 million or more in the automated clearinghouse (ACH). 
 
They have asked to the Supreme Court to declare the decision to dispense with the use of cheques in the ACH as illegal, null and void and of no effect, as the new policy is in breach of Section 27 of the Bank of Jamaica Act. 
 
They have also asked the court to declare that the decision of the central bank is irrational, as no governor acting reasonably would have enacted such a policy. 
 
The church groups are also seeking a declaration that the policy is in breach of Section 13 of the Charter of Fundamental Rights and Freedom as the said policy constitutes equitable treatment by a public authority in the exercise of its function. 
 
They have asked the court to quash the decision.
 


comments powered by Disqus
Most Popular
Jamaican to be deported from Barbados...
Gov't implementing measures to combat...
Rusal exploring sale of its Jamaica and...