Insulza again urges Guyana to pass anti-money laundering legislation

Secretary General of the Organisation of American States (OAS) José Miguel Insulza is yet again calling on Guyana’s Parliament to get the AML/CFT (Amendment) Bill passed.

The call was made via a press release posted on the organisation’s website on May 2. The release said Insulza noted that the legislation has been under consideration for several months, and that “passage of this Act is crucial to bring the country up to standard on these matters.”

Insulza also noted that several of Guyana’s sister Caricom countries have successfully passed the legislation to become compliant with Caribbean Financial Action Task Force (CFATF) recommendations. CFATF is the regional regulatory body which seeks to ensure the enactment of strong laws against money laundering and the financing of terrorism.

José Miguel Insulza
José Miguel Insulza

Guyana has missed several deadlines, the latest of which was a deadline last November, by which it was supposed to pass the bill. CFATF members went as far as to coming to Guyana recently to personally warn local politicians of the ramifications of not passing the legislation by a CFATF plenary on May 29.

Members of both the opposition parties and government have shared with the public the grim picture painted by the CFATF Officials. Caricom has also called for the timely passage of the legislation, noting that Guyana’s failure to be found compliant during the upcoming plenary can have negative repercussions for Guyana and those countries tied to it.

Insulza first called for the legislation to be passed back in February, a few days before the Financial Action Task Force (FATF) was slated to hold its plenary; he is once again reaching out to Guyana.

He has even offered Guyana the assistance of the OAS’s Inter-American Drug Abuse Control Commission (CICAD), with whose recommendations, he said, Guyana’s draft law is consistent. The same offer was made in February.

As has been stated though, the issues preventing the passing of the bill are not technical, but political. A Partnership for National Unity (APNU) has said that its support for the bill will follow the president’s agreement to a framework to sign bills he has refused to give his assent to. The Alliance for Change (AFC) on the other hand, require the setting up of the Public Procure-ment Commission (PPC).

Government only needs one of the opposition parties to vote with it to get the bill passed, but the AFC says it wants government to favourably consider APNU’s demands, in addition to its own. However, President Donald Ramotar and Attorney General Anil Nandlall have said that the bills in question were refused because of their unconstitutional nature, and this has not changed.

Government has also said it will only support the setting up of the PPC if Cabinet is allowed to maintain its no-objection powers in the procurement process. The AFC as well as APNU refused to support this request.

Meantime, the select committee charged with considering the bill has completed its scrutiny of the amendments proposed by APNU, and Chief Parliamentary Counsel Cecil Dhurjon is currently working to make the changes that were effected during the last meeting. During its next meeting the committee will move to consider the AG’s counterproposal to the opposition’s amendments.

A date has not yet been set for the committee’s next meeting.



SVN student tops CAPE

Vamanadev Hiralall, of the privately-run Saraswati Vidya Niketan (SVN), is the country’s top performer at this year’s Caribbean Advanced Proficiency Examinations (CAPE) after achieving an accumulated 13 grade one and 3 grade two passes.

By ,

Top CSEC students say number of subjects increase options, test limits

Twenty-six students in the top one percent of the 12,684 who sat this year’s Caribbean Secondary Education Certification (CSEC) examinations earned 12 or more Grade I passes, with half of them, including the top performer, coming from Queen’s College (QC).

By ,

Hemraj Kissoon, others testify at CoI for return of lands

On the second day of the Commission of Inquiry (CoI) into African ancestral lands and other matters, four witnesses made cases for the return of lands they feel they are rightly entitled to, which were either taken by the state or occupied by private owners.

By ,

Wheelchair bound accused found dead in prison cell

Shelton George, the man charged with both murdering a waitress at a Chinese restaurant and the attempted murder of a magistrate, was found dead in his cell at the Lusignan Prison yesterday morning.

Triumph NDC orders halt to ground-shaking works

The Chairman of the Triumph Neighbourhood Democratic Council (NDC) yesterday instructed workers employed on a private site, reportedly intended to build a first-floor pool, to cease operations, just two days after residents called on authorities to halt its construction.

By ,

Your browser is out-of-date!

Update your browser to view this website correctly.

We built 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