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Govt. holding fast to its position on AML Bill says Teixeira

gailThe government is maintaining its defiant position on the anti-money
laundering Bill, and Ms Gail Teixeira, one of the government’s main
spokespersons, made that very clear yesterday; the government has had
done just about everything it can.

With that position, one is left to wonder what’s to talk about in
today’s special parliamentary committee which is responsible for
finalising the amendments and taking a Bill back to the Assembly for a
vote. But Teixeira says the government is attending, even if it is not
willing to change its position; it hopes it can bend the arm of the
opposition.

The government is insisting that the work done so far is good enough
to satisfy the demands of the Caribbean Arm of the Financial Action
Task Force, which enforces global regulations against money laundering
and the financing of terrorism. The opposition is saying even so, it
wants amendments to the Bill that would get the local Financial
Intelligence Unit into a properly organized and functioning body; and
those that is what the government has a problem with. The government
just needs two extra votes in the House to pass the Bill, and struck a
deal with the AFC on Mashramani Day and was excited that it could have
its way;  that very night, one of the government’s main negotiators on
the Bill, Dr Ashni Singh, the Finance Minister, crashed into a taxi, ,
and just a few days later, that deal suffered a crash of its own, with
the AFC deciding to back the main opposition APNU, and now a deal is
no where n sight as they continue to talk this evening.

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