The government has moved to strengthen the anti-money laundering legislation—as recommended by the Financial Action Task Force (FATF)—while opposition members say more needs to be done in the area of enforcement.
Attorney General Anil Nandlall on Monday tabled the Anti-Money Laundering and Countering the Financing of Terrorism (Amendment) Bill 2013 specifically to meet FATF recommendations to address weaknesses in the Principal Act and related legislation.
The last FATF evaluation of Guyana, which is a member of the Caribbean FATF, found that while authorities have started to comply with some of its recommendations, the measures taken remained
