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Efforts underway to revamp SOCU, strengthen AML capacity – Anil Nandlall
The virtual AML workshop facilitated by the World Bank, (second row 2nd from left) is Attorney General and Minister of Legal Affairs, Anil Nandlall SC.
Kaieteur News – Efforts are underway to improve Guyana‘s Anti- Money Laundering (AML) capacity, even as steps are being taken to strengthen the operations of the Special Organised Crime Unit (SOCU) under the Guyana Police Force (GPF).
According to a release from the chambers of Attorney General, the Government of Guyana has completed its second phase of Anti-Money Laundering and Combatting the Financing of Terrorism and Proliferation Financing (AML/CFT/PF) National Risk Assessment (NRA).
In his opening remark in a two-day virtual workshop facilitated by the World Bank, Attorney General and Minister of Legal Affairs, Anil Nandlall, SC., noted, that despite the challenges faced due to the COVID-19 pandemic, Guyana has completed its work.
The Attorney General said too, that Guyana has already identified a legislative agenda, in order to remedy the deficiencies in the AML/CFT Act and related legislation as identified by the NRA.
He further outlined, that the Government of Guyana has boosted the prosecutorial capacity, with a view to improving the effectiveness of investigations, prosecutions and convictions. To that end, he announced that the Special Organised Crime Unit (SOCU) has recruited additional staff in the areas of law, forensic audit, accounting and investigations.
He said too, that inter-agency cooperation between SOCU and the Office of the Director of Public Prosecutions (DPP) will also be improved, leading to an increase in the conclusion of money laundering related cases.
Guyana expects to improve its supervisory framework, as well as enable the expansion of the AML/CFT financial and commercial sphere, in order to bring unregulated entities under the sphere of compliance.
The Attorney General further expressed his gratitude to the Members of the national working group, and expressed Government’s commitment to the prevention of the abuse of Guyana’s financial system from the illicit gains and motives of criminals.
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