You Are Here: Home » News » APNU ready to move anti-money Laundering legislation.

APNU ready to move anti-money Laundering legislation.

royo eleAPNU executive member and shadow Legal Affairs Minister Basil Williams said his party is always ready, willing and able to move the anti-money laundering legislation forward.

He said the APNU position is clear that they want a proper bill. He said one of the major concerns is the principal act, which gives too much power to the finance minister.

Williams believes that the financial intelligence unit should be a non-partisan body.

Last Tuesday APNU executive met with the representatives of the ABC and E countries to bring them up to date on the party’s position. Williams said he informed the ABC and E reps that the committee was proceeding clause by clause but the process has not travelled far.

While the government is fearful of Guyana being blacklisted for failing to pass anti-money laundering legislation to meet international standards, Williams said it makes no sense taking the bill to parliament when some of the issues have to be addressed by way of the select committee.

Leave a Comment

© 2016 Capitol News Guyana

Scroll to top