Competitiveness council urges opposition to meet new anti-laundering bill deadline

The National Competitiveness Council (NCC) is concerned that the Opposition seems determined to improperly propose amendments to the Principal Act for inclusion in the Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) (Amendment) Bill.

In a press release issued on Tuesday, the NCC said it is of the view that these proposed amendments by the Opposition which seek to give extraordinary powers of seizure and arrest to the police are wholly unacceptable, frivolous and dangerous in the extreme and threaten the freedom and civil liberties of all Guyanese.

The NCC reiterates the warnings of the private sector that Guyana’s failure to pass the required amendments of the AML/CFT to meet the requirements of the Caribbean Financial Action Task Force against Money Laundering (CFATF) will do considerable harm to the nation resulting in Guyana having to obtain international insurance coverage, suffering restriction of the banking and financial services, among other conditions.

The NCC therefore joins all concerned stakeholders in appealing to parliamentarians “to forgo their partisan interest, recognize the importance of passing the amendments to the Bill by the new February 28th deadline.”

 

 

 

 

 

 

Comments  

GPL’s Parika centre robbed by armed bandits

The Guyana Power and Light (GPL) says that just after midday today, three armed bandits stormed its Parika Customer Service Centre; robbing the location of all revenues received up until that time, holding the  staff and customers at gun point and disarming a security guard of a gun.

Temporary arrivals terminal at CJIA

The Management of Cheddi Jagan International Airport Corporation (CJIAC) is currently undertaking a massive expansion project  and a Temporary Arrivals Terminal Building was recently constructed.

T&T tourism development company dissolved, 111 lose jobs

Tourism Minister Shamfa Cudjoe announced the decision to close the company. (Trinidad Express) The Tourism Development Company (TDC) has ceased operations.

WPA expresses concern over garbage arrangements

Cevons clearing city garbage WPA STATEMENT ON THE UNRESOLVED ISSUE OF GARBAGE COLLECTION IN THE GEORGETOWN MUNICIPALITY The WPA is deeply concerned that the Georgetown City Council’s inability to honour its financial obligations to Cevons Waste Management and Puran Brothers has the potential of endangering the health and lives of citizens.

UK hoped for more progress on constitutional reform – Quinn

British High Commissioner to Guyana Greg  Quinn  yesterday said that it was hoped that more would have been done to push the constitutional reform process forward.

Your browser is out-of-date!

Update your browser to view this website correctly.

We built stabroeknews.com using new technology. This makes our website faster, more feature rich and easier to use for 95% of our readers.
Unfortunately, your browser does not support some of these technologies. Click the button below and choose a modern browser to receive our intended user experience.

Update my browser now

×