Officials in Guyana’s private sector and banking system say they have noticed no fallout from a notice posted by the Financial Intelligence Unit (FIU) of Trinidad’s Ministry of Finance and Economy last week on Guyana’s anti-money laundering and financing of terrorism legislation deficiencies.
The notice was advertised in a daily newspaper last week and served as warning to the country’s institutions and businesses about Guyana. The move stems from the finding by the Caribbean Financial Action Task Force’s (CFATF) that Guyana’s Anti-Money Laundering Countering the Financing of Terrorism (AML/CFT) legislation is inadequate.
Government tried to pass the AML/CFT Amendment Bill on several occasions since early last year but it is
