Bankers, manufacturers join calls for passage of anti-laundering law

Local bankers and manufacturers are the latest groups to appeal for political unity for the urgent amendment of the anti-money laundering laws, while warning that possible sanctions for failure to act could put a squeeze on bank transactions and cause the contraction of the business sector.

It has been argued by the government and civil society groups that if the Anti-Money Laundering and Countering the Financing of Terrorism (Amendment) (AML/CFT) Bill is not passed by next month, Guyana would be blacklisted by the Caribbean Financial Action Task Force (CFATF)