Financial Crime World

Financial Crime Trends in Guyana: A Glimpse into the Future

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The Caribbean Financial Action Task Force (CFATF) has adopted a key anti-money laundering report from Guyana, highlighting the country’s efforts to combat financial crime. The report assesses Guyana’s Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) regime and provides a glimpse into the country’s progress in this area.

Highlights from the Report

  • Guyana has made significant strides in its fight against financial crime, with a provisional rating of 88% for Compliance or Largely Compliance with AML/CFT recommendations.
  • The country has demonstrated strong national coordination mechanisms, risk understanding, and Financial Intelligence Unit operations, as well as effective supervision and preventative measures to combat money laundering and terrorist financing.

Commitment to Combating Financial Crime

The report’s findings are a testament to Guyana’s commitment to rooting out financial crime. According to Attorney General and Minister of Legal Affairs Anil Nandlall SC, “We recognize the need to continue investing in law enforcement authorities to ensure that our ability to combat money laundering, terrorist financing, and proliferation financing remains paramount.”

Next Steps

Guyana will report back to the CFATF in November 2025 on its Follow Up Actions based on the final published Report. The country’s delegation at the meeting included officials from various government agencies, financial institutions, and regulatory bodies, showcasing the collective effort towards a safer financial landscape.

Importance of Staying Ahead of the Curve

The adoption of this report marks an important milestone for Guyana in its efforts to stay ahead of the curve in the fight against financial crime. As the global financial landscape continues to evolve, it is crucial that countries like Guyana remain vigilant and proactive in their anti-money laundering and counter-terrorist financing measures.

  • The CFATF’s report serves as a benchmark for Guyana’s progress in combating financial crime.
  • The country’s commitment to staying ahead of the curve is crucial in maintaining a safe and stable financial system.