The Anti-Money Laundering and Countering the Financing of Terrorism Act 2009

Ramon Gaskin

By Ramon Gaskin

Since April of this year, the Government sent to the National Assembly a Bill with approximately 20 Amendments to the Anti -Money Laundering and Countering the Financing of Terrorism Act 2009 (AML & CTF) but notwithstanding various deadlines reportedly set by the foreign entities pushing the law and amendments, they have been stuck in the Committee system.

We are told there may be serious consequences for Guyana and its banking system if these Amendments are not approved,