Anti-money laundering bill voted down

Months of wrangling by the political parties over who was to blame for the threat of blacklisting ended tonight with the opposition voting in Parliament against the anti-money laundering bill.

It had been clear from early in today’s session of parliament that the opposition would not vote for the bill as the Select Committee deliberating on it had closed off discussions without the final input of the opposition.

Guyana faces a November 18 deadline by the Caribbean Financial Action Task Force to have the legislation in place and it is now left to be seen what the ramifications of this absence of the law will be.

The private sector had lobbied aggressively in recent weeks for all sides to work for the passage of the bill, warning of an interruption in normal inter-banking relations and a rise in remittance fees among other things.

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The ambassadors group with UG Vice Chancellor Ivelaw Griffith (seated fifth from left)

UG needs emergency $$ to prevent collapse

A conference of local and diaspora stakeholders of the University of Guyana (UG) has called on the government to provide emergency funding to the institution to reverse its “imminent collapse”.

Sattaur Gafoor in the temporary office which was set up after the fire

Gafoor’s, insurers in ‘stalemate’ over Houston Complex repairs

There is a “stalemate” between Gafoors and its insurance underwriters over how to proceed on a building that was damaged in the massive fire at the company’s Houston Complex last month but some reconstruction has started.

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Duo stole over $31M in electronics from Digicel

Two men were yesterday charged with stealing over $31 million in electronics belonging to Digicel Guyana Incorporated. Albert De Freitas, 27, and Basdeo Sackoon, 26, appeared before city magistrate Dylon Bess charged with stealing a total of $31,107,510 in items from the telecoms company.

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Driver gets one year in jail for causing boy’s death

A man was yesterday sentenced to one year in jail after being found guilty of three offences, including causing the death of an 11-year-old child by dangerous driving.

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Gov’t support for city’s financial measures to hinge on transparency, public interest

President David Granger on Monday said that central government’s support for the city’s measures to make itself financial sustainable would rest on transparency and the public’s interest.

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Man arrested over ISIS bomb threat at city bank

A man was yesterday morning arrested after he entered a city bank and demanded $10M under the name of Islamic State (ISIS) before threatening to explode a bomb that he claimed he had on him.

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‘What’s in the cup, stays in the cup’

People’s Progressive Party (PPP) General Secretary Clement Rohee says “What’s in the cup stays in the cup,” in response to a question on whether the matter involving PPP/C Member of Parliament (MP), Nigel Dharamlall over threats he allegedly made, has been explained to the party’s satisfaction.

Carlton Beckles

Lethem Council sees agro-processing focus for Industrial Site 

The first municipal council of Lethem, Region Nine sees agro-processing as a key focus for the Lethem Industrial Site. Mayor of the recently commissioned township of Lethem, Carlton Beckles told GINA that the completion of the industrial area, with an emphasis on agro-processing is among priorities that the council has set to accomplish before it demits office.

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