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Granger assents to Former Presidents (Benefits and Other Facilities) Bill, two others – Trotman

Jul 16, 2015 News

Minister of Governance, Raphael Trotman, told the media fraternity yesterday that before President David Granger departed for his trip to Ethiopia last week, he assented to three Bills that were passed by the National Assembly.  These are the Former Presidents (Benefits and Other Facilities) Bill; the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) (Amendment) Bill and the Constitutional (Amendment) Bill.
As it relates to the AML legislation, Trotman said that the Minister of Legal Affairs, Basil Williams told Cabinet that there are some regulations which accompanied that Act.
Trotman said that Government is currently in the process of reviewing them and inviting stakeholders to better chart the way forward in this regard.
As for the Former Presidents (Benefits and Other Facilities) legislation, Trotman explained that the Granger administration has no intention of recouping what was already spent.
He noted, however, that Finance Minister, Winston Jordan, will be guided by the current legislation. He said that this simply means that the benefits and other facilities awarded to the former Presidents will be capped.
He reminded that under the new laws, former Presidents will now be given $25,000 per month to cover bills for each of three utilities; electricity, water and telephone.
The new AML laws will strengthen the government’s capacity to fight money laundering and the financing of terrorism while the Constitutional Legislation will provide various state agencies and other statutory bodies with the power needed to manage their own finances.

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