The woman, who is employed at a popular bank in Montego Bay, St James, was arrested during an operation by Narcotics police in Goodwill district, St James on Wednesday.
A high-end Sports Utility Vehicle (SUV) has also been confiscated by the cops.
It is reported that about 6pm, a white 2002 Toyota Prado was intercepted at a premises in Goodwill, after several attempts by the driver to elude the police failed.
AFP file photo of bags filled with cocaine
The police say during a subsequent search of the vehicle, 10 rectangular-shaped packages containing cocaine were found. The cocaine weighed approximately 24 pounds, the police said.
The banker, who was driving the vehicle, was detained.
During a further search of a two-storey dwelling house occupied by the banker, a number of magazines and twelve 9mm cartridges were found in a bedroom.
These items were seized, and the suspect was arrested on reasonable suspicion for breaches of both the Dangerous Drugs and Firearms acts.