No further action was recommended yesterday against Guyana by the Financial Action Task Force (FATF) over the stalled anti-money laundering bill following the conclusion of its plenary in Paris, France.
This was relayed to Stabroek News yesterday by Caribbean Financial Action Task Force (CFATF) advisor Roger Hernandez.
This means that May – when the CFATF meets – will be the next critical period for the government and the opposition to resolve deep differences over the Anti-Money Laundering and Countering the Financing of Terrorism (Amendment) (AML/ CFT) Bill.
The government had issued dire warnings about the possible outcome of the Paris meeting and has been pressing the opposition for a speedy agreement on the bill. This agreement is still elusive following last-minute amendments to the proposed legislation tabled by A Partnership