Latest update April 18th, 2025 8:12 AM
Guyana to host key anti-money laundering conference in two weeks
More than 150 participants from 26 member countries are expected in Guyana for the Caribbean Financial Action Task Force (CFATF) conference from November 12 to November 16, 2017 at the Marriott Hotel.
Minister Basil Williams
Hosting the CFATF symposium in Guyana will be a prestigious honour for President David Granger and Minister of Legal Affairs, Basil Williams, a Government statement said.
Williams is also now the Deputy Chairperson of CFATF.
“Having made significant progress in improving its Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) regime and adequately addressing the key AML/CFT deficiencies identified, the CFATF Plenary of November 2016 agreed that Guyana be removed from the CFATF ICRG process,” the statement explained.
Guyana is therefore no longer subject to monitoring by CFATF, which monitors what member countries are doing. Not being monitored means that Guyana is not under a blacklist.
Guyana was “blacklisted” by the CFATF in 2013, after it failed to make significant progress in implementing required legislative reforms which would have aided in the international combat against money laundering and financing of terrorism.
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