-pose grave risks to country
US sanctions against the Mohameds and Mae Toussaint Jr. Thomas pose grave risks to the country and have shattered its anti-money laundering reputation, according to Charter-ed Accountant and attorney-at-law, Christopher Ram.
In an invited comment to Stabroek News on last Tuesday’s announcement by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC), Ram yesterday said that it will tarnish the reputation of the country, potentially scaring away both international and domestic investors
A well-known commentator who has had a long-running oil and gas column in Stabroek News, Ram said that the sanctions on Nazar Mohamed and Azruddin Mohamed, who he described as two high-profile members of the business community operating in the gold, quarrying and non-bank Cambio sector, and Mae Toussaint Jr. Thomas, a top public servant/ruling Party executive have “grave implications for the Government and the country which can suffer serious reputational damage”.
