President of the Georgetown Chamber of Commerce and Industry (GCCI) Clinton Urling says that following Thursday’s defeat of the anti-money laundering bill, the Chamber together with the Private Sector Commission (PSC) will meet to craft a joint strategy aimed at capturing the impacts of the sanctions to be imposed on Guyana.
However, he said that that those sanctions will have to be handed down by the CFATF before their impacts on the business and other sectors could be assessed.
Speaking on the possible consequences of the defeat of the Bill, he said that no empirical study can be done at the moment to gauge the quantitative impact of the non-passage of the CFATF-directed Anti-Money Laundering and Countering the Financing of Terrorism (Amendment) Bill 2013. The private sector bodies
