The acceptance of Guyana’s Financial Intelligence Unit (FIU) into the Egmont Group of Financial Intelligence Units is hinged on the passing of the Anti-Money Laundering Coun-tering the Financing of Terrorism (AML/CFT) Amendment) Bills, says its head, Paul Geer.
As a result of not passing the bill Guyana has been found insufficiently compliant with the standards of the Caribbean Financial Action Task Force’s (CFATF) standards for money laundering and terrorism financing regulations.
Following Guyana’s assessment last month, CFATF advised its 35 members to take countermeasures against Guyana to
