Anti-laundering reforms deal unlikely for upcoming CFATF meeting -Luncheon

Signalling that government is unlikely to give in to demands made by the parliamentary opposition, Head of the Presidential Secretariat Dr Roger Luncheon yesterday stated that it is highly unlikely that the country would be ready with enacted anti-money laundering amendments for the upcoming Caribbean Financial Action Task Force (CFATF) Plenary this month.

“It is quite clear Guyana will not, [or] highly unlikely,” he told a post-Cabinet press briefing yesterday, while reiterating that it was the parliamentary opposition that was holding up the process and needed to be asked why they remained averse to the bill.

“Government is not the obstacle to Guyana subscribing to CFATF and FATF guidelines neither the stakeholders, who have unanimously supported CFATF and FATF in these endeavours. It is the opposition, the parliamentary opposition APNU and AFC that remains the sole obstacle to Guyana subscribing to CFATF and FATF guidelines,” Luncheon said, while saying that it  …..To continue reading, login or subscribe now.

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