Guyana’s money laundering situation for month end review

1

 

By Kurt Campbell

Attorney General and Minister of Legal Affairs, Anil Nandlall
Attorney General and Minister of Legal Affairs, Anil Nandlall

[www.inewsguyana.com] – A high level team, headed by Attorney General Anil Nandlall will travel to Florida at the end of the month where they are expected to be grilled on Guyana’s money laundering situation, particularly its compliance with obligations under the Caribbean Financial Action Task Force (CFATF).

Cabinet Secretary Dr. Roger Luncheon said Cabinet approved the team which also includes: Financial Intelligence Unit (FIU) Head Paul Ghir, Special Organized Crime Unit (SOCU) Head Asst. Comm. Sydney James and FIU Legal Advisor, Alicia Williams.

The target review will be done by the America Region Reviewing Group (ARRG).

“They will be meeting in the context of a report that had to be prepared and submitted by Guyana in response to a formal request by the ARRG for information,” Luncheon said; adding that ARRG had submitted a document that requested a considerable amount of information about Guyana’s commitment to CFATF.

Following this month end review, ARRG is expected to submit a report to CFATF following which a decision will be handed down in October.

He recalled that it was because the failure of the Parliament to pass the CFATF compliant legislation “consequent to the opposition’s nonsupport” had caused the country to be referred for the targeted review.

The Cabinet Secretary said Chairperson of the Special Parliamentary Committee that is currently considering the Anti – Money Laundering and Countering the Financing of Terrorism Amendment (AML/CFT) Bill, Gail Teixeira continues to be futile in organizing a meeting.

Luncheon did acknowledge that the Assembly was currently in recess and it would be hard to get members to attend meetings.

1 COMMENT

  1. I hope they find enough cause to put them in jail, citing violation of every international law. Someone, if not all members of the Guyana Government are complicit, in this “business.”

LEAVE A REPLY

This site uses Akismet to reduce spam. Learn how your comment data is processed.