Steps to monitor non-bank financial institutions part of new US aid

The U.S. Department of Treasury’s Office of Technical Assistance (OTA) Economic Crimes is working with Guyana’s financial institutions to build capacity to combat and prosecute money laundering and procedures to better monitor non-bank financial institutions will also be on the radar, according to a US Embassy source.

Non-bank financial institutions such as cambios have long been a source of concern in terms of the role they can play in laundering proceeds and other crimes.

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