Caricom concerned over anti-laundering bill

The Caribbean Community (CARICOM) today said it is concerned at the continuing delay in Guyana’s progress towards implementing recommendations to address deficiencies in its anti-money laundering regime.

In a statement, CARICOM called on all parties involved in the process to take all necessary actions without further delay to have the reforms implemented.

“CARICOM remains deeply concerned that failure to pass the Anti-Money Laundering/Combating the Financing of Terrorism Bill (Amendment) in Parliament could result in action by the Caribbean Financial Action Task Force (CFATF) which could have an adverse impact on the Guyanese economy and by extension the CARICOM Region as a whole.  Any action that reduces the ease or increases the cost of processing international financial or trade transactions will adversely affect trade and financial flows in the Region, retard the regional integration enterprise, limit the opportunities for growth in Guyana and the Region and result in hardship for the people of Guyana .

“CARICOM therefore urges that this matter be speedily resolved, by enacting the relevant legislation, in the interest of the people of Guyana and the Community. “

 

 

More in Local News

Comments

About these comments

The comments section is intended to provide a forum for reasoned and reasonable debate on the newspaper's content and is an extension of the newspaper and what it has become well known for over its history: accuracy, balance and fairness. We reserve the right to edit or delete comments which contain attacks on other users, slander, coarse language and profanity, and gratuitous and incendiary references to race and ethnicity.

Get the day's headlines from SN in your inbox every morning:

Most Read This Week

  1. Maxton Lawrie

    Essequibo rice farmer killed by sister in apparent act of self defence

  2. Sueanna Walcott

    Mahaicony crash claims second victim

  3. Area where Akeem Grimmond’s body was found

    Boy, 14, found murdered in burial ground

  4. Nazim Jabhar and Angela Jabhar

    Woman critical, niece, 3, injured in Albion hit and run

  5. Tyrell Pershad

    Stewartville woman seeks answers after finding son dead at home

  6. Gailann Chacon

    Excavator operator killed, friend injured

  7. Alvin Reid

    ‘Satan’ charged with murdering Two Sisters girl

  8. The wreckage of the bus after the accident

    Several injured after minibus topples during race on Regent St


Recommended For You