The U.S. Department of Treasury’s Office of Technical Assistance (OTA) Economic Crimes is working with Guyana’s financial institutions to build capacity to combat and prosecute money laundering and procedures to better monitor non-bank financial institutions will also be on the radar, according to a US Embassy source.
Non-bank financial institutions such as cambios have long been a source of concern in terms of the role they can play in laundering proceeds and other crimes.
A sum of US$100,000 out of a grant of US$500,000 from the US Government signed last week between the United States and the Government of Guyana will be used to