Anti Money Laundering deadlock…by Ralph Ramkarran

Anti Money Laundering deadlock…by Ralph Ramkarran

Government lost out on compromise, elections may be only way out of political impasse

Ralph Ramkarran

Ralph Ramkarran

  “Striking compromises would have been a win-win result for both Government and Opposition and for the people of Guyana…” – Ramkarran  

Former Speaker of the National Assembly, Ralph Ramkarran believes that the government lost out on an opportunity for compromise last week when it held firm to its ground, resulting in Guyana failing to pass the Anti Money Laundering and Countering the Financing of Terrorism legislation (AML/CFT).

He believes that while it is not the most desirable option, the only way to break the current political impasse in the National Assembly is by returning to the electorate for a vote. 

Ramkarran, in his weekly writings, which are posted on his media outlet, has opined that the losers and victims of the failure to pass the legislation will be the people of Guyana.

He suggested that the proposed amendments by A Partnership for National Unity (APNU) required a special effort to be flexible.
“Striking compromises would have been a win-win result for both Government and Opposition and for the people of Guyana.”
He noted however that compromising in Guyana’s politics shows weakness and is regarded as a bad precedent.
“It is not yet appreciated that compromise can demonstrate statesmanship which the electorate will welcome.”  [Read more]

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  • Abert  On 03/07/2014 at 5:54 pm

    I did not know much of Ralph Ramkarran before but it shows there are still wise heads in Guyana. What a shame they are all dying out. His suggestion is a way out but there still could be problems with a procurement committee, depending on how the selection of its officers are made. Don’t think there is a country on The planet with more controls and regulations in this area than the U.S. Still the system is fill with corruption and abuse. Look at New Jersey. What is the difference between the politician awarding contracts and his hand pick appointee on the procurement committee doing so. The court as a means of seeking remedies is time consuming. The rules have to be well written. and an independent auditing agency, watching over the process, could be beneficial.

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