BoG warns financial institutions about political affiliation questions

Bank of Guyana

Financial Institutions have been warned to stop asking citizens about their political affiliation.

A circular from the Bank of Guyana to all Local Financial Institutions, Money Transfer Agencies, Cambios as well as Insurance Companies, Agents and Brokers has warned the institutions to ensure that in the course of conducting business, customers are not subjected to matters unrelated to their specific transactions(s).

“It has come to the attention of the Bank of Guyana that customers have been questioned regarding their allegiance to /affiliation with any political party,” the Bank notes adding that the conditions governing the issuance of license to these institutions “do not include ascertaining the political persuasion of any customer.”