The virtual assets sector has been identified as an emerging money laundering threat in Guyana by the Anti-Money Laundering and Countering the Financing of Terrorism National Coordination Committee in the second National Risk Assessment (NRA).
“As the world shifts towards measures of financial inclusion, new and emerging technologies have played a distinct role in the financial services industry. As a result, some companies have started to shift the focus away from traditional fiat to virtual assets, which in some cases are backed by complex algorithms to provide their value,” the Money Laundering and Terrorist Financing (ML/TF) NRA report said.
