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Packed parliamentary agenda today…Parliament amendments Anti-Money Laundering Bill for vote

Nov 07, 2013 News

 

The fate of the Anti-Money Laundering and Countering the Financing of Terrorism (Amendment) Bill 2013 will be known today when it is debated in the National Assembly.
According to Cabinet Secretary, Dr. Roger Luncheon, the report from the Parliamentary Special Select Committee on the Bill would be presented to the National Assembly. This gives way for the third reading of the Bill.
However, uncertainty lingers over the successful passage of the legislation since the Opposition is displeased that Government wrapped up works of the Committee in the absence of Opposition Members of Parliament. A Partnership for National Unity (APNU) has maintained that it needed more time to review the Bill.
Dr. Luncheon made it clear that the Bill is dictated by the Caribbean Financial Action task Force (CFATF) and not the APNU.
“I have been saying and continue to say that CFATF has made it clear that this amendment to the Bill is CFATF business, promoted, dictated and in accordance to CFATF,” he said.
According to Dr. Luncheon, CFATF has pronounced publicly the dreaded consequences of the non-enactment of the Bill. He believes that the Opposition is contributing to maintaining uncertainty of the Bill.
Dr. Luncheon said that for the Opposition parties to feel they could escape the consequences of their actions they are delusional.
“The fact is in the worst case scenario the average Guyanese disadvantage in his or her foreign financial dealings: buying, selling, transferring, and remitting all of those translations adversely affected  the average Guyanese; it will remind them that indeed it was the Opposition,” he said.
According to Dr. Luncheon, the Government of Guyana and CFATF have been in communication since the enactment of the Bill in 2009.
When the Bill was presented to the National Assembly in April 2013 for its passage; the Opposition requested that it be placed in a Parliamentary Special Select Committee for review. This caused Guyana to miss its May 27 deadline. Guyana was subsequently given a new deadline of August 26 for the submission of the amended Act and relevant documents. And, Guyana is expected on November 18 to face the Plenary in The Bahamas.

 

 

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