Caribbean News Now!

About Us Contact Us


Jump to your country or territory of interest

Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.


Submit news and opinion for publication


Click here to receive our daily regional news headlines by email.


Click here to browse our extensive archives going back to 2004

Also, for the convenience of our readers and the online community generally, we have reproduced the complete Caribbean Net News archives from 2004 to 2010 here.

Climate Change Watch

The Caribbean is especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Follow Caribbean News Now on Twitter
Connect with Caribbean News Now on Linkedin

News from the Caribbean:

Back To Today's News

CARICOM weighs in on anti-money laundering bill delay in Guyana
Published on February 13, 2014 Email To Friend    Print Version

GEORGETOWN, Guyana (GINA) -- The Caribbean Community (CARICOM) has joined other key stakeholders in expressing concern over the continuing delay in Guyana’s progress towards implementing recommendations to address deficiencies in its anti-money laundering regime.

CARICOM issued a statement calling on all parties involved in the process to take all necessary actions without further delay to have the necessary reforms implemented.

“CARICOM remains deeply concerned that failure to pass the Anti-Money Laundering/Combating the Financing of Terrorism Bill (Amendment) in Parliament could result in action by the Financial Action Task Force (FATF), which could have an adverse impact on the Guyanese economy and by extension the CARICOM region as a whole,” the statement said.

It continued, “Any action that reduces the ease or increases the cost of processing international financial or trade transactions will adversely affect trade and financial flows in the region, retard the regional integration enterprise, limit the opportunities for growth in Guyana and the region and result in hardship for the people of Guyana.”

CARICOM urged that this matter be speedily resolved, by enacting the relevant legislation, in the interest of the people of Guyana and the Community.

In order to avoid sanctions from international financial institutions, Guyana must pass the required legislation and implement measures which include fully criminalising money laundering and terrorist financing offences, addressing all the requirements on beneficial ownership, strengthening the requirements for suspicious transaction reporting, international co-operation, and the freezing and confiscation of terrorist assets, and fully implementing the UN conventions.

Related articles:
Reads: 5982

Click here to receive daily news headlines from Caribbean News Now!



Elcena Jeffers:

Dear I say it? It is almost impossible to launder money, without laundering people.

Can I ask? Is there a people assessment to refer too when deciding People and Money Laundering?


As a result of our comments feature being overtaken in recent weeks by spammers using fake email addresses, producing a large number of bounced verification emails each day, we have reluctantly decided to suspend the comments section until further notice.

User comments posted on this website are the sole views and opinions of the comment author and are not representative of Caribbean News Now or its staff. Caribbean News Now accepts no liability and will not be held accountable for user comments.
Caribbean News Now reserves the right to remove, edit or censor any comments. Any content that is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will not be approved.
Before posting, please refer to our Terms of Use and Privacy Policy.

Other Headlines:

Regional Sports: