Guyana has been told that it stands to be punished to the point that it may not be able to even transfer money from the local commercial banks to buyers overseas. Indeed the world, particularly the United States, has not taken kindly to the fact that tons of money move across borders to fund operations that threaten global peace.
For some time now, the United States has been trying to curb this flow of money which increased in volume as the drug trade grew and expanded and as the United States drove the demand more money began to circulate outside the established forums. It is the same in many other countries particularly as the drug dealers reap the rewards of the sale of drugs. Continue reading →
US Ambassador to Guyana weighs in on the controversy surrounding the Anti-Money Laundering Bill
[Capitol News – 23 May 2013 ] The United States Ambassador to Guyana Brent Hardt has declared that the Guyana Government has not initiated a single case against people who are suspected as money launderers in the country, under the current Financial Crimes Law.
This is the first time that the leading western diplomat has publicly weighed in on the current impasse between the Government and the majority in the House on the passage of the Anti-Money Laundering and Countering the Financing of Terrorism Amendment Bill 2013. Continue reading →
