GUYANA was reviewed yesterday by the Financial Action Task Force, International Co-operation Review Group FATF- ICRG, in Paris, France. The country was represented at the review by Minister of Legal Affairs and Attorney General, Anil Nandlall.In his presentation, the Attorney General reiterated the country’s commitment to international financial legislation, and reported that an action plan was worked out between Guyana and the Americas Regional Review Group (AARG) in which certain technical deficiencies were identified in Guyana’s AML/CFT regime, and time-frames were agreed on for these deficiencies to be rectified.
Significantly, the Attorney General highlighted that a national task force has been established, comprising very high ranking members of Government and important stakeholders/agencies of state, and that the national task force is currently reviewing a five-year plan for Guyana’s AML/CFT regime.
“I also highlighted the technical and strategic ongoing assistance which the Government of Guyana continues to receive from the local diplomatic community, including the Embassy of the United States, the British and Canadian High Commissions, and the European delegation,” the Attorney General said.
Minister Nandlall handed over a Letter of Commitment from President Donald Ramotar to President of the FATF, Roger Wilkins AO, pledging Guyana’s commitment to ensuring that the country implements an AML/CFT regime that meets the requisite international standard.
Guyana’s’ case will continue to be reviewed over the next two days of the plenary session of the meeting, and at the end of that process, the country will know its fate.

(GINA)