…to bolster global financial intelligence efforts

IN a move aimed to develop its financial oversight capabilities, Guyana has been officially welcomed into the Egmont Group, the International Association of Financial Intelligence Units.
This is according to a press release from the Attorney General Chambers which said that on February 1, Guyana’s application was granted during the association meeting held in Malta, where Financial Intelligence Units of Oman, Kenya and Timor-Leste were also inducted.

“The Egmont Group now has 174 countries that can co-operate via a secure web portal to exchange intelligence on anti-money laundering and countering the financing of terrorism matters,” the release said.

Guyana’s application for membership was strongly supported, receiving sponsorship from the Financial Intelligence Units (FIUs) of Trinidad and Tobago and the British Virgin Islands.
Furthermore, the Caribbean Financial Action Task Force (CFATF) played a vital role in backing Guyana’s bid, demonstrating the regional commitment to strengthening financial intelligence and oversight.

At the helm of Guyana’s representation in Malta was Director of Guyana’s Financial Intelligence Unit, Matthew Langevine.
This milestone is not just a testament to Guyana’s commitment to international financial security standards but also opens new avenues for co-operation and information sharing.
With its membership in the Egmont Group, Guyana is now better positioned to tackle the challenges of money laundering and the financing of terrorism, both domestically and in collaboration with its international partners.