News

Feb 11, 2014

(CARICOM Secretariat Turkeyen, Greater Georgetown, Guyana)     The Caribbean Community (CARICOM) is concerned at the continuing delay in Guyana’s progress towards implementing recommendations to address deficiencies in its anti-money laundering regime.  CARICOM calls on all parties involved in the process to take all necessary actions without further delay to have the necessary reforms implemented. 
CARICOM remains deeply concerned that failure to pass the Anti-Money Laundering/Combating the Financing of Terrorism Bill (Amendment) in Parliament could result in action by the Caribbean Financial Action Task Force (CFATF) which could have an adverse impact on the Guyanese economy and by extension the CARICOM Region as a whole.  Any action that reduces the ease or increases the cost of processing international financial or trade transactions will adversely affect trade and financial flows in the Region, retard the regional integration enterprise, limit the opportunities for growth in Guyana and the Region and result in hardship for the people of Guyana . 
CARICOM therefore urges that this matter be speedily resolved, by enacting the relevant legislation, in the interest of the people of Guyana and the Community.

Related News

Caricom
In keeping with the decision taken by Heads of Government at their 25th Regular Meeting in Grenada 4...

In keeping with the decision taken by Heads of Government at their 25th Regular Meeting in Grenada 4-7 July, the 18th meeting of the Bureau of the Conference of Heads of Government of the…

admin
Caricom
NATURAL DISASTER IMPACT MITIGATION: STRENGTHENING NATURAL DISASTER WARNING SYSTEMS ACROSS VULNERABLE...

The tremendous loss of life and destruction caused by the earthquake and tsunami in the Indian Ocean region on 26 December 2004 have shocked the world at large and shattered the lives of many…

admin
Caricom
NATURAL DISASTER IMPACT MITIGATION: STRENGTHENING NATURAL DISASTER WARNING SYSTEMS ACROSS VULNERABLE...

The tremendous loss of life and destruction caused by the earthquake and tsunami in the Indian Ocean region on 26 December 2004 have shocked the world at large and shattered the lives of many…

admin