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PSC seeks to petition CFATF

Nov 15, 2013 News

The Private Sector Commission has taken a decision to petition the Caribbean Financial Action Task Force asking for a stay in any decision to refer Guyana to the Financial Action Task Force (FATF) International Cooperation Review Group (ICRG).
The PSC wants CFATF until the end of March next. The Commission has asked CFATF to consider the severe economic consequences that would ensue if Guyana is declared a non-compliant state.
The Commission said that it is fully cognizant of its duty to represent the interests of its members, the wider business community of Guyana, the interests of the workers whose labour enables Guyana’s businesses to function and grow and the people of Guyana has, therefore, decided to take this action in what the Commission believes to be the national interest.
The Private Sector Commission, in seeking a delayed decision of the Task Force, remains convinced that the governing and opposition parties in the National Assembly are genuinely committed to passing an Anti-Money Laundering and Countering the Financing of Terrorism (Amendment) Bill into legislation.

 

 

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