Guyana flagged for financial risks over stalled anti-laundering bill

The Caribbean Financial Action Task Force (CFATF) has urged its members to consider implementing measures to insulate themselves against financial risks emanating from Guyana, after finding that the country has failed to take sufficient steps to reform its anti-money laundering deficiencies.

CFATF made the announcement in a public statement released yesterday after the end of its 38th Plenary in Freeport, Bahamas, even as Attorney General Anil Nandlall, who was part of the delegation which represented Guyana, disclosed that CFATF decided that Guyana would be advised to address its anti-money laundering and combatting the financing of terrorism (AML/CFT) deficiencies by May 2014.

“It was further resolved and decided that a formal letter be sent to Guyana advising that should the identified deficiencies …..To continue reading, login or subscribe now.

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