Dennis Chung appointed to lead Financial Investigations Division (FID)

Certified Public Accountant and Financial Commentator Dennis Chung is to take over the leadership of the Financial Investigations Division (FID), which investigates financial crimes.

The FID falls under the Ministry of Finance.

Chung’s appointment is to take effect on Monday, June 2.

The finance ministry notes that Chung brings over 35 years of extensive experience in accounting and financial management to the role of Chief Technical Director at FID.

Throughout his distinguished career, Chung has held several senior roles, including financial controller in various industries and as a consultant, it added.

“Notably, he served as Project Manager – Divestment Team and Head of Legacy Operations – Divestment Team at Air Jamaica Limited. From 2018 to 2022, he led Supreme Ventures Services Limited as Chief Executive Officer. Since November 2022, he has served as General Secretary of the Jamaica Football Federation.

He holds a Bachelor of Science and a Master of Science in Accounting, both from the University of the West Indies.

Chung has also held directorships at several prestigious institutions, including the Bank of Jamaica, First Global Financial Services and the Betting, Gaming & Lotteries Commission.

Currently, he serves on the boards of the Office of Disaster Preparedness and Emergency Management, Wigton Windfarm Limited and GK Capital Management Limited, all of which he will demit prior to his start at FID.

Chung is also a Justice of the Peace.

The finance ministry stated that with a strong foundation in accounting, corporate governance, strategic management, and transformational leadership, Chung is well-positioned to lead the FID.

It said his mandate will include advancing the division’s efforts to combat financial crimes, overseeing the implementation of operational policies and systems aligned with the FID Act, and strengthening asset recovery initiatives in accordance with the Proceeds of Crime Act (POCA).

This appointment follows the departure of Selvin Hay, who demitted office in July 2024 upon the completion of his contract.

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