More than two years after the new Anti-Money Laundering and Countering of Terrorism law was enacted, it is still not clear what work the lead agency under the Act—the Financial Intelligence Unit (FIU)—has been doing as there has been no known case brought by it against anyone during that period.
Even President Bharrat Jagdeo appeared upset last year about the fact that there have been no court proceedings brought by the unit and he had publicly expressed his displeasure. While there has been one money laundering conviction, arising out of a case in the UK and which had the assistance of Scotland Yard, that court action was initiated by the Director of Public Prosecutions (DPP) and the conviction has since been overturned by the High Court.
Since the new act came into effect, there have been several advertisements in the newspaper for various positions at the FIU, but apart from that and the
