The Caribbean Financial Action Task Force (CFATF) has identified several areas that Guyana needs to address to bolster its money laundering and combatting terrorism fight, key among them is equipping the Ministry of Home Affairs with the resources needed.
CFATF, in its just-concluded on-site assessment of Guyana’s compliance with the Financial Action Task Force Recommendations and Methodology, cited the need for a unified approach among agencies. And given the dismal rate of convictions for money laundering crimes, the body believes that delays in administration of cases possibly contribute to this.
