Latest update December 18th, 2024 5:45 AM

Guyana's largest selling daily and New York's most popular weekly

Latest News

Major stakeholder consultation to be hosted on Thursday on AML Bill

Mar 11, 2014 News

Government’s effort to ensure the passage of the Anti-Money Laundering and Countering the Financing of Terrorism (AMLCFT) Amendment Bill, will see the hosting of a major consultation, to engage stakeholders, on Thursday, March 13, at the Guyana International Conference Centre, Liliendaal.
President Donald Ramotar will be addressing the gathering at the event slated to begin at 10:00hrs and which is open to all stakeholders and interested persons.
The meeting is intended to inform and educate stakeholders about the AMLCFT Bill, which has not been passed in the National Assembly due to delays by the political opposition.
It follows several recent meetings held in communities such as Lusignan and Mahaica, in Region Four, Anna Regina, Region Two and Greenwich Park, Region Three. At all these communities the common thread was for the bill to be passed or elections to be called to resolve the parliamentary situation where the Opposition holds a one -seat majority.
Bartica, Berbice and Linden residents also responded positively to meetings held within their communities in the first round of meetings in February.
The AMLCFT Amendment Bill No. 22, 2013 is before the Parliamentary Special Select Committee. The APNU has proposed last minute amendments which are posing problematic for the parliamentary draftsman who had asked for more time to complete them. One of the amendments is to give police and customs officers the power to seize $10M or more in cash from persons.  They are also tying the bill’s passage to the assent of bills that were not assented to by the President.  The Alliance for Change had always said it wanted the establishment of the Public Procurement Commission, but recently said it also wanted what the APNU was demanding.
Various stakeholders such as the Private Sector Commission which represents the local business sector and the Heads of Missions of the United States, Canada and Britain, along with thousands of residents of various communities across Guyana, have also called for the support of the critical piece of legislation and its passage.
Guyana stands to be blacklisted internationally if the Bill is not passed in a timely manner.

Similar Articles

The Glenn Lall Show | December, 2nd, 2024

Follow on Tik Tok @Glennlall

 

THE BLUNT OF THE DAY

Sports

Clarendon College too good for Dolphin as Annai Sec’ holds Speyside College to 4-all draw

Clarendon College too good for Dolphin as Annai Sec’ holds Speyside...

Dec 18, 2024

-KFC Goodwill Int’l Football Series heats up today Kaieteur News- The Petra Organisation’s fifth Annual KFC International Secondary Schools Goodwill Football Series intensified yesterday with two...
Read More
Glasgow excided for MLS journey with Chicago Fire

Glasgow excided for MLS journey with Chicago Fire

Dec 18, 2024

Matthews slams unbeaten 85 as Windies Women hammer India by nine wickets to level series

Matthews slams unbeaten 85 as Windies Women...

Dec 18, 2024

No room to breathe as five more teams to advance to quarters tomorrow

No room to breathe as five more teams to advance...

Dec 18, 2024

Sammy to be appointed as West Indies Senior Men’s Head Coach for all formats

Sammy to be appointed as West Indies Senior...

Dec 17, 2024

Bangladesh hold nerve to defend 148 and take 1-0 T20I series lead over West Indies

Bangladesh hold nerve to defend 148 and take 1-0...

Dec 17, 2024

Features/Columnists

Publisher’s Note

Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.

Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]

Weekend Cartoon

Bridge Watch

Demerara Harbour Bridge

> Berbice Bridge […]