FATF to announce Guyana’s fate on October 30

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Parliament[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]

4 COMMENTS

  1. yikes….u smaat bad emile…thanks for reminding me that no country didnt disappear in thin air..but what i can tell u dough..guyana would have disappeared had it not been rescued by ppp..good ah gald ah said dat…hit yuh rite in yuh guts..u didnt read the part where i said its pnc big wigs…maybe u r a pnc big wig that will get hurt..dont disappear ok..we need u and all pncites around to rib u at all times

  2. Name the countries that collapsed that were once blacklisted by the FATF! It might shock you that Israel, an American ally, once was on the blacklist! Other countries once on the blacklist are still around.

  3. Roger,
    Make one money laundering bust and people will at least start believing you guys are serious. What good is the law if it is not being enforced?
    Despite the 2009 AML Law being flawed, at least the Financial Intelligence Unit set up to fight money laundering and staffed by a director and his assistant, could have made one single money laundering bust.
    Even the CFATF made that observation in 2010.

  4. all guyanese either sink or swim…..do not allow the pnc to run things…do not give in to anything pnc propose…they..pnc top brass stand most to lose in this thing…pnc have some big wigs doing their own thing under the radar but pnc get their favorite gossip tabloids sn and kn to deflect any attention from those pnc big wigs by pelting lash pon ppp daily..
    let this thing crumble and you will see who will soon start hollering…

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