Guyana ‘fit to fight’ launderers

President David Granger addressing the CFATF conference yesterday. (DPI photo)

Warning that the Caribbean is an attractive ‘paradise’ for money-launderers, tax-evaders and assorted transnational criminal cartels, President David Granger yesterday said that Guyana has already laid the foundation to protect itself against financial crimes.

“Guyana is fit to fight. It embarked on the path of passing robust regulations and legislation to protect its financial system from financing unlawful activities seventeen years ago”, Granger said while delivering the feature address at the opening ceremony of the 46th Plenary and Working Group Meetings of the Caribbean Financial Action Task Force (CFATF).

The meeting which is being held at the Georgetown Marriott Hotel opened on Sunday and is set to conclude today. Those participating in the meetings represent the twenty-five states of the Caribbean Basin that make up the CFATF.