Leading western powers are assisting the Guyana Government with fighting money laundering – 17th Apr 2013
As Guyana forges ahead with measures to tackle money laundering and other financial crimes, Guyana’s President Donald Ramotar said there are some weakness and deficiencies identified by the financial action task force.
The President was speaking at the launch of a stakeholder workshop dealing with anti-money laundering and countering financing of terrorism. The workshop was held at the Grand Coastal Hotel.
The Financial Crimes Stakeholder Meeting was sponsored by the U.S. Embassy, the British High Commission, the Canadian High Commission, and the European Union Delegation in Guyana.
According to President Donald Ramotar, international cooperation and commitment to combat this crime are important.
US Ambassador Brent Hardt delivering brief remarks, said that money laundering and other financial crimes are serious global threats. He noted that jurisdictions flooded with illicit funds are vulnerable to the breakdown of the rule of law, corruption of public officials and destabilization of their economies.
The move to have a collective action on the part of Governments, the private sector, and civil society is essential in developing the vigilance to detect signs of transnational crime.