[www.inewsguyana.com] – After the discouraging outcome of the October 15 meeting of the select committee meeting, the Government is hopeful for favourable pronouncements by the Financial Action Task Force (FATF).
The international body’s plenary meeting is scheduled for October 18-24 in Paris, France.
Head of the Presidential Secretariat, Dr. Roger Luncheon at his weekly post-Cabinet meeting said that Guyana’s fate will be made known on FATF’s website on Thursday, October 30.
FATF’s decision will be based on their consideration of the recommendations from the targeted review which Guyana underwent. That targeted review concluded with an engagement in Miami, Florida with the Americas Regional Review Group (ARRG) in late September.
Guyana’s delegation to FATF’s plenary next week will be headed by Attorney General and Minister of Legal Affairs, Anil Nandlall. At this forum, the recommendations that came out of the targeted review would be presented and discussed at the end of which the International Co-operation Review Group (ICRG) is expected to make a decision for adoption by FATF.
Dr. Luncheon explained that once adopted, this decision will be binding as it would outline FATF’s views and instructions regarding the way Guyana is to be treated by the other FATF member-countries worldwide. [Extracted and modified from GINA]