The Caribbean Community (CARICOM) yesterday said it is concerned at the continuing delay in Guyana’s progress towards implementing recommendations to address deficiencies in its anti-money laundering regime.
In a statement, CARICOM called on all parties involved in the process to take all necessary actions without further delay to have the reforms implemented.
“CARICOM remains deeply concerned that failure to pass the Anti-Money Laundering/Combating the Financing of Terrorism (Amendment) Bill 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