Trinidad warns institutions of deficiencies in Guyana anti-laundering law
The Trinidad and Tobago government has informed local financial institutions and businesses of Guyana’s deficiencies in the area of anti-money laundering and combatting the financing of terrorism (AML/CFT) through notices in the media.
It is a move likely to raise concerns about whether Caribbean jurisdictions are considering implementing counter measures to protect their financial systems from risks emanating from Guyana.
The Financial Intelligence Unit (FIU) of the Trinidad Ministry of Finance and the Economy this week issued a public notice in the daily newspapers which listed Guyana as a jurisdiction with significant AML/CFT deficiencies. The notice referred to the statement issued by Caribbean Financial Action Task Force (CFTAF) on May 29 …..To continue reading, login or subscribe now.