Some progress on anti-laundering bill amendments

The select committee of Parliament considering the anti-money laundering bill took small steps towards completing their work when they met on Tuesday and discussed the AML/CFT Authority which is to oversee the work of the Financial Intelligence Unit (FIU).

The committee is currently devoting a great part of every meeting towards the scrutiny of A Partnership for National Unity’s (APNU’s) proposed amendments, and it seems that progress has been made. As iterated by President Donald Ramotar, Legal Affairs Minister Anil Nandlall, and Minister in the Ministry of Finance Juan Edghill, government has expressed willingness to allow amounts more than ten million dollars to be seized at entry and  …..To continue reading, login or subscribe now.

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