The Anti-Money Laundering Bill: all is not lost

By Clinton Urling

All is not lost in the wake of the government’s failure to secure the passage of the Anti-Money Laundering Bill in the National Assembly though it will require mature and adaptive leadership on the parts of both the government and the opposition if we are to avoid the drastic economic consequences that could well accrue to the country’s economy.

By mature and adaptive leadership is meant a shift from the current rigid positions on either side. This would involve engaging in discourse that leads to concessions and compromises.

Prior to the defeat of the Bill in the House two Thursdays ago, many people remained unconvinced about the potential consequences for the country’s economy. In fact, the view had been expressed that the government and the private sector were indulging in aggressive scare-mongering in order to pressure the political opposition into supporting the