Guyana urged to strengthen legal framework on beneficial ownership disclosure

The Guyana Extractive Industries Transparency Initiative (GYEITI) yesterday hosted a workshop aimed at examining ways to improve transparency and accountability in Guyana’s extractive resources sector.

The workshop, which saw members of civil society, representatives from the extractive resources sector, government, and the GYEITI Multi-Stakeholder Group in attendance, was intended to provide information and facilitate discussions ahead of Guyana’s EITI validation assessment in January next year.

The workshop focused on streamlining beneficial ownership disclosure measures, identifying and insulating politically exposed persons, and mainstreaming future GYEITI reports. Guyana’s first report, for the financial year 2017, was submitted on April 24, 2019.