Alliance Financial Services Limited (Jamaica)

Alliance Financial Services Limited (AFSL) was a prominent Jamaican non-bank financial institution that specialized in providing foreign exchange (Cambio) and money remittance services. It operated as a primary agent for international money transfer companies like MoneyGram, Ria, and Remitly, facilitating inbound remittances for Jamaican residents. The company's mission was to offer convenient and accessible money services through a network of locations across the island. However, in December 2021, the Bank of Jamaica revoked AFSL's operating licenses, effectively halting its core business operations due to regulatory breaches.