THE Bank of Guyana (BoG) has warned financial institutions not to enquire about customers’ political affiliation or allegiance.

“It has come to the attention of the Bank of Guyana, that customers have been questioned regarding their allegiance or affiliation to any political party,” said BoG in a press statement.
According to the central bank, the conditions governing the issuance of licences do not include ascertaining the political persuasion of any customer.

In that regard, the bank directed all licensees (financial institutions) to ensure that in the course of conducting business, customers are not subjected to matters unrelated to their specific transaction(s) with the institution.

“Failure to comply with the directive shall result in appropriate action being taken by the bank,” said the central bank.

The directive comes at a time when the country is nearing an elections period and political parties are entering campaign mode.