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Raymond Gaskin dismisses reforms to various financial laws presented by the Government – 25th Jun 2013

shot0012An agitated and outspoken social commentator Ramon Gaskin speaking there at a symposium at the Hotel Tower. Gaskin feels that the Anti-Money Laundering and Countering of Terrorism Bill in its present form is bad news. He said those who drafted and voted for the passage of this legislation should be ashamed of themselves.

Gaskin was adamant that politicians cannot enforce the law. He mentioned the power given to the Finance Minister and the Head of the Central Intelligence Unit under the Act.

Economist and Professor Clive Thomas also spoke at the symposium and he alluded to the many avenues that are being used to launder money.

David Granger opposition leader said his party is not in a rush to amend the legislation.

The Government is under pressure from the Caribbean Action Task Force to come up with the necessary amendments to the Anti-Money Laundering and Countering of Terrorism Act of 2009, which must be in conformity with international standards. The Anti-Money Laundering Act was passed in 2009.

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