Guyana’s efforts in Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) have received commendation from the Caribbean Financial Action Task Force (CFATF) and other financial agencies.
Attorney General and Minister of Legal Affairs, Anil Nandlall, highlighted these achievements during his recent broadcast on the Issues in the News program.
At CFATF’s 58th Plenary and Working Group Meetings held in Port of Spain, Trinidad and Tobago from June 2 to 7, Guyana’s 4th Round Mutual Evaluation Report was adopted and highly praised.
Nandlall emphasized that the draft report reflected positively across all evaluated areas, drawing congratulatory messages from CFATF and the Financial Action Task Force.
Over 200 experts from financial and regulatory agencies across the Caribbean and globally scrutinized Guyana’s AML/CFT legislations and practices.
Nandlall acknowledged that while the evaluation brought forward recommendations for further enhancements, Guyana is fully committed to implementing them.
Reflecting on the rigorous two-year review process, which included both offsite and on-site evaluations, Nandlall expressed gratitude to all Guyanese and local agencies involved.
He underscored the significance of Guyana’s successful outcome, noting that not all countries in the Caribbean undergo similar evaluations with as positive results.
Looking forward, Nandlall affirmed Guyana’s dedication to completing follow-up actions outlined in the evaluation process to further strengthen its AML/CFT framework.