Customers of commercial banks now have until August 9 to take in their proof of address in keeping with the requirement of the new Anti-Money Laundering and Countering the Financing of Terrorism Act after the Ministry of Finance extended the time-frame by three months following representations from a “number of licensed financial institutions operating in Guyana.”

A Government Information Agency (GINA) release yesterday said that Finance Minister Dr Ashni Singh said the government exercised its option under the act to grant the maximum permissible extension of three months to the current May 9 deadline for banks to verify the identity of their existing customers.