Cabinet Secretary Dr Roger Luncheon on Friday announced that with Guyana averting further sanctions over its failure to update its anti-money laundering legislation, it had also avoided the administration having need to call for new general elections.
“President [Donald] Ramotar had made it abundantly clear that any decision by FATF to blacklist Guyana because of the parliamentary opposition’s intransigence in enacting FATF compliant AML [Anti-Money Launder-ing] legislation would be one of the factors triggering his resolve to call for general and regional elections,” Luncheon stated as he officially announced that Guyana had once again been able to avert the blacklisting by the Financial Action Task Force (FATF).
However, Luncheon said that it would be difficult to say if government was awaiting FATF’s decision before the setting of a
