GEORGETOWN, Guyana, Thursday September 18, 2014, CMC - A high-level team, headed by Attorney General Anil Nandlall will travel to Florida at the end of the month to be grilled on Guyana’s money laundering situation, particularly its compliance with obligations under the Caribbean Financial Action Task Force (CFATF).
Head of the Presidential Secretariat (HPS), Dr. Roger Luncheon on Wednesday said the Cabinet approved the team, which also includes Financial Intelligence Unit (FIU) Head, Paul Geer, Sydney James of the Organised Crime Unit and FIU Legal Advisor, Alicia Williams.
The target review will be done by the America Region Reviewing Group (ARRG).
“They will be meeting in the context of a report that had to be prepared and submitted by Guyana in response to a formal request by the ARRG for information,†Dr. Luncheon said, adding that ARRG had submitted a document that requested a considerable amount of information about Guyana’s commitment to CFATF.
Following this month-end review, ARRG is expected to submit a report to CFATF following which a decision will be handed down in October.
Luncheon said it was due the failure of the Parliament to pass the CFATF compliant legislation “consequent to the opposition’s nonsupport†that had caused the country to be referred for the targeted review.
The opposition has insisted that it will not pass government-tabled amendments to the 2009 Anti-Money Laundering and Countering of Financing Terrorism unless its own amendments are included. The Caribbean Financial Action Task Force has maintained that the opposition-proposed amendments ran the risk of making the legislation non-compliant.
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