Gov’t scrapping anti-money laundering authority it insisted on

PPP/C MP Anil Nandlall last evening said that the imminent scrapping of the Anti-Money Laundering Authority is not only a major embarrassment for government but also confirms that the current parliamentary opposition was correct when it argued that the creation of the agency was unnecessary.

“I warned that such an authority to which the FIU (Financial Intelligence Unit) was made responsible, would undermine the independence of the FIU and this would render Guyana’s AML/CFT structure defective”. Nandlall told Stabroek News.

He was responding to a Demerara Waves report in which Attorney General Basil Williams informed that government will be returning to the National Assembly to repeal the Section of the AML/CFT Act that makes provision for the establishment of the Authority.