Menu
Demerara Waves - Riding on the crest of truth
 

Listen Live

android
apple
blackberry
 
 

Guyana lacks the resources to go after money launderers - AG Nandlall

Attorney General Anil Nandlall Attorney General Anil Nandlall
Attorney General Anil Nandlall says the anti-money laundering legislation has vested a lot of power in the Financial Intelligence Unit and other agencies but Guyana lacks the resources to exercise those powers.

He made the comments on Monday at a PPP news conference at Freedom House.

“Guyana like many countries in the Caribbean does not have much of what it takes to investigate these matters.

The equipping the relevant agencies with the requisite resources is a tremendous task and Guyana is not singular in its inability to find all financial resources that are necessary to make this body fully operational,” Nandlall said.

According to the AG, the government was committed to doing what was necessary to get the bodies working. He pointed to the hosting of a recent workshop to launch a guide on how to confiscate the proceeds of crime as an example of that commitment.

The Anti-Money Laundering and Countering the Financing of Terrorism (Amendment) Bill is currently before a parliamentary Special Select Committee and has to be passed by August 26 in keeping with international financial obligations. But at a news conference last week the APNU contended that the government had removed clauses from the bill which dealt with seizures.

According APNU executive Basil Williams, they had made recommendations that were adopted in Grenada whereby the Act in addition to facilitating seizures at ports of entry, would empower the authorities to seize suspected illegal proceeds throughout the country.

“That is, wherever you enter a house and you find large amounts of money, well the presumption is that it is from money laundering or financing of terrorism and they could seize it and it is up to you, you have a certain amount of time to come and challenge that seizure but the government doesn’t want that at all and we’re going to put that provision in,” he said.

The APNU and AFC last month used their majority in the National Assembly to send the bill to the Select Committee despite government’s insistence that it had to be passed by May 27 in order for Guyana to avoid sanctions.

Nandlall had attended the plenary meeting of the Caribbean Financial Action Task Force last month end where he reported the government’s failure to get the bill passed in time. Upon his return he announced that Guyana had been given until November to have the legislation in place but it was last week disclosed that the actual deadline was August 26.

Nandlall has urged the opposition to put in whatever work was necessary to get the bill passed in time even if it meant pushing back the start of the parliamentary recess which runs from August 10 to October 10.

“Thirteen years we’ve been grappling with this so the bonafides … we’re not against strong anti-money laundering legislation but we’re not going to rush by days that keep changing; by the time we go back next week we may here it’s July,” APNU’s Deborah said last week.

Money laundering legislation was first instituted in 2000 before the Anti-Money Laundering and Countering the Financing of Terrorism Act was passed in 2009.

No one has ever been prosecuted for money laundering in Guyana.
back to top

Recent News

Prev Next Page:
Govt to challenge Speaker's ruling that Finance Minister must face Privileges Committee on spending

24 July, 2014

Govt to challenge Speaker's ruling that Finance Minister mus…

Attorney General, Anil Nandlall on Thursday signaled that government would move ...

Decomposed body of woman found on deserted street

24 July, 2014

Decomposed body of woman found on deserted street

The decomposed body of a female was Thursday evening found in a clump bushes at ...

Several persons deemed ineligible for PNCR Congress

24 July, 2014

Several persons deemed ineligible for PNCR Congress

As the countdown continues to the People’s National Congress Reform’s (PNCR) bie...

City businessman's mother-in-law among five jailed for armed robbery

24 July, 2014

City businessman's mother-in-law among five jailed for armed…

Five persons were Thursday handed lengthy jail terms for robberies committed at ...

Guyanese to learn animation to address youth crime, protect culture

24 July, 2014

Guyanese to learn animation to address youth crime, protect …

A group of young people in Guyana will get an opportunity to learn valuable anim...

Latin American/Caribbean children in public schools miss one day of instruction each week

24 July, 2014

Latin American/Caribbean children in public schools miss one…

LIMA, July 24, 2014—Every week, public school students in Latin America and the ...

Woman charged with murder in dismemberment of missing Brooklyn-based Guyanese mom

24 July, 2014

Woman charged with murder in dismemberment of missing Brookl…

(WNBC-TV – NBCNewYork.com).-A 42-year-old Brooklyn woman has been charged in the...

Rupununi gets seed financing for agri, tourism businesses

23 July, 2014

Rupununi gets seed financing for agri, tourism businesses

Residents in Rupununi, southern Guyana can now tap into a GUY$60 million Investm...

APNU's Sharma Solomon favours no-confidence vote; PPP wants Granger kicked out

23 July, 2014

APNU's Sharma Solomon favours no-confidence vote; PPP wants …

Amid assertions by the governing People’s Progressive Party (PPP) that the Allia...

Businessman's mother-in-law, four others convicted for GUY$7.4 M robbery

23 July, 2014

Businessman's mother-in-law, four others convicted for GUY$7…

The mother-in-law of city businessman, Malcolm Panday, and four accomplices were...

Man implicated in cocaine-laced tonic deaths on narco-trafficking charge

23 July, 2014

Man implicated in cocaine-laced tonic deaths on narco-traffi…

The man allegedly linked to the death of four persons who drank cocaine-laced SS...

GECOM must prove readiness for polls- Luncheon

23 July, 2014

GECOM must prove readiness for polls- Luncheon

Government on Wednesday called on the Guyana Elections Commission (GECOM) to pro...

Caribbean tax essay winners announced

22 July, 2014

Caribbean tax essay winners announced

The Caribbean Organisation of Tax Administration (COTA) on Monday announced the ...

Comedian Habeeb Khan dies

22 July, 2014

Comedian Habeeb Khan dies

Veteran Guyanese comedian, Habeeb Khan died early Tuesday morning at his East Ba...

Bartica residents complain about blackout; GPL says working to fix problems

22 July, 2014

Bartica residents complain about blackout; GPL says working …

Residents and businesses at Bartica have been complaining about frequent blackou...

UG students to pay higher tuition fees

22 July, 2014

UG students to pay higher tuition fees

Most new and continuing University of Guyana (UG) students will have to pay high...

PNCR to allow one member-one vote

22 July, 2014

PNCR to allow one member-one vote

The People’s National Congress Reform (PNCR) intends to amend its constitution t...

High Court frees schoolboy of murder, State appeals

22 July, 2014

High Court frees schoolboy of murder, State appeals

The High Court on Tuesday freed a 19-year old man, who was charged with the murd...

Rice farmer killed during toilet quarrel with sister's partner

22 July, 2014

Rice farmer killed during toilet quarrel with sister's partn…

A rice farmer of Strath Campbell, Mahaicony, East Coast Demerara was stabbed to ...

Ex fireman jailed for wounding colleague

21 July, 2014

Ex fireman jailed for wounding colleague

An ex fireman was Monday convicted and jailed for feloniously wounding one of hi...

Transparency Institute's status upgraded

21 July, 2014

Transparency Institute's status upgraded

The Transparency Institute of Guyana Inc (TIGI) says it is moving closer to beco...

PNCR Linden group claims tinkering with delegates

21 July, 2014

PNCR Linden group claims tinkering with delegates

As the countdown the People’s National Congress Reform (PNCR) heads into its con...

Several New Amsterdam prison officers face demotion following unrest

21 July, 2014

Several New Amsterdam prison officers face demotion followin…

Several officers attached to the New Amsterdam Prison are to be demoted and a ne...

Wife kills husband

21 July, 2014

Wife kills husband

A Guyana Water Incorporated (GWI) employee has been stabbed to death and his pre...

Updated: Suspect in stabbing death of gays commits suicide

20 July, 2014

Updated: Suspect in stabbing death of gays commits suicide

The two gays, who were stabbed to death early Sunday morning, were not the inten...

Gays stabbed to death; Juan Edghill's utterance blamed

20 July, 2014

Gays stabbed to death; Juan Edghill's utterance blamed

Two gays were stabbed to death early Sunday morning in Georgetown- incidents tha...

Police, GRA bicker over non-submission of statements in shoot-out with smuggler

19 July, 2014

Police, GRA bicker over non-submission of statements in shoo…

A suspected smuggler, who allegedly opened fire on a number of customs officers ...

Opposition must deal with consequences of no-confidence vote- Ramotar

18 July, 2014

Opposition must deal with consequences of no-confidence vote…

President Donald Ramotar on Friday said his administration was ready for early g...

Recommended News Links

Recommended Radio Links

Other News and Opinion Wesbsites