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APNU says Govt. now adopting its amendments to the AML Bill

Apnu parlimentThe main opposition APNU is now claiming that the government is now agreeing to its position regarding the Anti-Money Luandering Bill, after castigating the party through the media and several meetings across the country.

APNU says that the government’s counter-proposal to its amendments of the Anti-Money Laundering Bill resembles the same positions the opposition has been pushing all along.

According to APNU, the Government is now agreeing that there should be an Authority having oversight of the Financial Intelligence Unit (FIU), and cash above $ 10,000.000.00 (ten million dollars) can be seized anywhere in Guyana, if suspected to be the proceeds of serious crime or money laundering.

The Government had used its monopoly of the state media and state resources in an attempt to convince the Guyanese people that APNU’s amendments were not compliant with what the “Caribbean Financial Action Task Force-CFATF” requires and would cause Guyana to be blacklisted by the Financial Action Task Force-FATF. 

The next meeting of the Parliamentary committee examining the anti-money laundering Bill meets next Wednesday. 

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