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Opposition party AFC slams Attorney General for misinforming the public – 20th Jun 2013

shot0005It was On Tuesday, Attorney General (AG) Anil Nandlall said that the Caribbean Financial Action Task Force (CFATF) has set August 26th as the actual deadline for Guyana to submit amendments to the country’s law against money laundering and financing of terrorism.

But today, Khemraj Ramjattan, Leader of the seven-seat Parliamentary party AFC, said the  Minister has misinterpreted the correspondence from the Financial Action Task Force.

Ramjattan is proposing that the Financial Intelligence Unit which is the arm of the Ministry of Finance that is responsible for monitoring suspicious activities, will have to become a three or four man unit.

He said the unit is currently a one-man show. Former banker Paul Geer currently heads up that unit.

Another concern for the AFC is the amount of power given to the head of the unit.

The party is also maintaining that despite its participation in the Parliamentary Select Committee, which is tidying up the amendments before they go to the Full House for a vote, if its earlier demands are not met, it will be withholding its support.

The party is demanding that the Government establish a Public Procurement Commission and also that President Donald Ramotar assents to the two Bills passed by the opposition, which has a majority in the 65-seat legislature.

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