Tag Archives: CTATF

CTATF threatens sanctions if November deadline not met

Anti-money laundering legislation…Regional body threatens sanctions if November deadline not met

MAY 31, 2013 | BY  |

A regional body overseeing the implementation of counter measures to halt the flow of dirty money has warned Guyana of sanctions if the country fails to meet a revised deadline of November.

Guyana was this week allowed an extension by the Caribbean Financial Action Task Force (CFATF), after the National Assembly failed to pass key legislation in time for a critical evaluation meeting in Managua, Nicaragua.
A statement by the 29-state organization sends a clear message of how serious the legislation is to help countries track illegal money.   Continue reading

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