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OAS calls for approval of anti-money laundering legislation in Guyana
Published on February 11, 2014 Email To Friend    Print Version

WASHINGTON, USA -- The secretary general of the Organization of American States (OAS), José Miguel Insulza, on Monday called for the timely approval in the Parliament of Guyana of the Anti-Money Laundering and Countering the Financing of Terrorism Act, which should bring the country up to standard on these matters.

OAS Secretary General, José Miguel Insulza
The secretary general, who has been following events in Guyana relating to this legislation, also noted the legislation would make Guyana compliant with the requirements of the Caribbean Financial Action Task Force, thus preventing unnecessary damage to the country’s financial stature. The secretary general therefore called upon the political parties and other stakeholders to exercise cooperation and understanding in bringing this issue to closure.

Insulza mentioned that democracy and good governance are hallmarks of the Organization, and therefore, “the OAS stands ready to support the Guyanese authorities in their pursuit of political dialogue and consensus building, especially on matters of national importance.”

Further, he offered the cooperation and support of the OAS, through the Inter-American Drug Abuse Control Commission (CICAD), to the process that is currently under way in the Parliament of Guyana.

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