A draft bill to repeal the section of the law which provides for the establishment of the Anti-Money Laundering Authority has been sent to the Parliamentary Appoint-ments Committee for comments, following which it will engage the attention of stakeholders, Minister of Legal Affairs and Attorney General Basil Williams SC has said.
The authority had been insisted upon by APNU and the AFC when they were in the opposition and was introduced as a law by them when their coalition acceded to government in 2015.
After a lengthy process, the proposed nominees for the Authority were identified and referred to the National Assembly for approval. However, during a sitting on March 15th, government finally acknowledged that the regional anti-money laundering watchdog, the Caribbean Financial Action Task Force (CFATF), has said that a key part of the anti-money laundering framework is unacceptable and asked that the motion to approve the members be deferred.
