The South American country qualified for the event by winning the Division Six tournament in Essex last September, when they beat Guernsey in the final.
But the International Cricket Council launched an investigation after eligibility issues came to light.
They will be replaced by Vanuatu, who finished third in Division Six.
The World Cricket League is the ICC's one-day tournament for non Test-playing nations, which offers them the chance of qualifying for the World Cup.
"The Surinaamse Cricket Bond (SCB) has now accepted that it failed in its duty to ensure the provision of accurate residency information in respect of a number of players," the ICC said in a statement.
Suriname has also been relegated to the World Cricket League's Americas Division One and forfeited a $25,000 grant received for the tournament in Jersey, which takes place from 21 to 28 May.
"We were obviously disappointed by the shortcomings in the SCB's procedures that were revealed by our investigation," said Tim Anderson, the ICC's head of global development.
"There is inevitably an element of self-certification when it comes to determining compliance with the player eligibility regulations, and for this reason the wider cricketing community needs to be able to place the utmost trust in the accuracy of information submitted by other ICC members.
"We are, however, heartened by the action the SCB have taken in confronting the issues raised and look forward to working closely with them to ensure they can resume their participation in ICC competitions in 2017."
Nigeria, Tanzania and Oman will compete against Jersey, Guernsey and Vanuatu with the aim of winning promotion to Division Four of the World Cricket league.
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Molly-Mae Wotherspoon was attacked by an American pit-bull at a house in Daventry, Northamptonshire in 2014.
The Independent Police Complaints Commission said the RSPCA had reported concerns about the dog but the officer failed to take appropriate action.
Northamptonshire Police said officers have received further training.
Live updates on this story and more in Northamptonshire
The IPCC said a second officer, who also allegedly failed to act on the intelligence received, was found to have no case to answer.
A Northamptonshire Police spokeswoman said: "The officers identified by the Professional Standards investigation have since received the appropriate management words of advice
"Within weeks of the tragedy, we instigated new and robust operational procedures around dangerous dogs.
"Now, nearly two years on, the public should be reassured that officers have far greater awareness around this issue."
Molly-Mae's mother and grandmother were jailed for two years each on Thursday.
Claire Riley, 23, admitted owning a dangerously out of control dog and Susan Aucott, 55, admitted being in charge of one.
Jailing them, judge Mrs Justice Carr told the pair Molly-Mae was savagely attacked by the pit bull in "a tragic and totally avoidable incident".
James House, prosecuting, said the pit bull broke free from his cage in the kitchen and opened the door to the lounge to reach baby Molly-Mae on the floor.
The court heard that the baby's cries made it "an object of prey".
A vet who treated the American pit bull - a breed banned in the UK - said the dog, named Bruiser, was one of the most dangerous dogs she had seen.
Suriname have pulled out of May's World Cricket League Division Five tournament in Jersey after an inquiry into the eligibility of their players.
[NEXT_CONCEPT]
A police officer has a case to answer for misconduct after a six-month-old girl was killed by a dangerous dog, an investigation has found.