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Guyana anti-money laundering Bill put off again
Published on December 21, 2013 Email To Friend    Print Version

GEORGETOWN, Guyana (GINA) -- After hours of debate in Guyana’s National Assembly, the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) (Amendment) Bill was again referred to a special select committee.

Members of the government benches noted that ideally the Bill should have been passed this week, given the blacklisting status it received from the Caribbean Financial Action Task Force (CFATF) and the sanctions that the country has already been experiencing.

However, the opposition Alliance for Change (AFC) held firm to their previous position of non-support unless the Public Procurement Commission (PPC) is established. A Partnership for National Unity (APNU), on the other hand, stated that they have their own amendments which they would like to make.

Both the attorney general and minister of legal affairs, Anil Nandlall, and finance minister, Dr Ashni Singh reminded the APNU that they had numerous opportunities to propose amendments and many months to do so; however, to date they failed to put forward any such amendments.

The Speaker reminded the House that the life of the select committee which had previously dealt with the Bill had elapsed and as such, a new committee had to be appointed.

Nandlall said that government was willing to “flex” to send the Bill to a committee, on the condition that it is returned to the House on or before January 31, 2014. Secondly, he asked that all of the committee’s proceedings be open to the press, to which the opposition agreed.
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Peter Binose:

Smells a bit fishy.


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