APNU believes the Government is playing the blame game when it comes to updating Guyana’s Anti-Money Laundering law – 16th May 2013
With the deadline slowly approaching for Guyana to update its Anti-Money Laundering laws, A Partnership for National Unity (APNU) remains optimistic that the necessary amendments to the Anti-Money Laundering and Countering the Financing of Terrorism Bill would be done in time.
The Major Opposition Party believes that the Government is trying to trap the Opposition as they seek clarifications on the Bill that was sent to a Special Select Committee for the changes to be made.
During a Thursday press briefing APNU Parliamentarian Joseph Harmon said the Government was well aware of the international deadline since 2011. Harmon outlined several concerns the APNU have when it comes to the current Bill.
The Party’s Shadow Home Affairs Minister, Winston Felix said the Government should understand how drug trafficking and money laundering goes hand in hand, which remains a sore issue for Guyana. He believes drug traffickers can be weakened by monitoring suspicious transactions through the proposed Bill and should have been updated long ago.
May 27 of this year is the deadline given by the Organization for Economic Cooperation Development for Guyana to come in line with the international community and its fight against money laundering, leaving Guyana with no other choice but to amendment its existing legislation.
But the support behind the Bill has taken a different twist after President Donald Ramotar’s decision not to assent to Opposition Bills passed by the National Assembly.
On Wednesday the Alliance For Change announced that it was withdrawing its support for the Government Anti-Money Laundering Bill. The AFC said this move will be revised once a Public Procurement Commission is established and President Ramotar signs into law the Opposition Bills which were passed by the National Assembly.