From all indications, Guyana, once again, has been able to avert being placed on a blacklist by the Financial Action Task Force (FATF), the Government Information Agency (GINA) reported yesterday.
This, GINA reported, is “largely due to the high level commitment of the government coupled with demonstrable actions taken in the country’s attempts to comply with recommendations made to address the technical deficiencies identified in the country’s AML/CFT regime.”
GINA reported that Guyana will, however, continue to be subjected to an “ongoing process in improving compliance” to ensure that it discharges its obligations under the Action Plan which was worked out with the Americas Regional Review Group (ARRG) and submitted as Guyana’s action plan. GINA said a statement will formally be issued today to this
