Ram floats adoption of Barbados law to break anti-laundering impasse

-urges definite timeline for oversight bodies

Chartered accountant Christopher Ram is proposing the adoption of Barbados’ anti-money laundering legislation, including the creation of an Anti-Money Laundering Authority, to break the current impasse over the reform of the law and make the country fully compliant with its international obligations.

In addition to repealing the Anti-Money Launder-ing and Combatting the Financing of Terrorism Act of 2009 and replacing it with the Barbados legislation, Ram also says that the Donald Ramotar administration and the National Assembly should agree on an “unambiguous timeline” for the operationalising of key oversight bodies, like the long delayed Public Procurement Commission (PPC).

Ram’s proposals, published on his ChrisRam.net blog, have come in the wake of a leading member of the …..To continue reading, login or subscribe now.

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