Introduction
In my recent Sunday Stabroek columns I have sought thus far to provide a background for assessing the money laundering situation in Guyana, with specific regard to examining its local, regional, and international regulatory regimes.
An appropriate definition of money laundering in Guyana and the wider Caricom region was first presented. After that the distinction was brought out between the main driver of money laundering for the large majority of countries in the wider Caricom region (which is, tax evasion) and Guyana (and to a far lesser extent Jamaica and Trinidad and Tobago as well) where other organised criminal pursuits constitute the main driver.
As was clearly indicated, although tax evasion is a crime, the illicit proceeds that are laundered in this way could have been, in all
