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Guyana Achieves Provisional Good Ratings in Anti-Money Laundering Report

CFATF Adoption of Mutual Evaluation Exercise Report

The Caribbean Financial Action Task Force (CFATF) has adopted Guyana’s anti-money laundering report, provisionally giving the country good ratings in its efforts to combat financial crimes. The report was adopted at the CFATF’s 58th Plenary and Working Group Meetings held in Trinidad and Tobago earlier this month.

Highlights of the Report

  • The Mutual Evaluation Exercise examined Guyana’s Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) regime.
  • The exercise found that Guyana has made significant progress in implementing measures to prevent, detect, investigate, and prosecute money laundering, terrorism financing, and proliferation financing.
  • The report highlighted Guyana’s national coordination mechanisms, understanding of its risk and context, and operations of its Financial Intelligence Unit (FIU) as areas of strength.

Areas of Strength

  • Effective supervision and preventative measures to combat money laundering and terrorist financing
  • Significant progress in reforming the AML/CFT framework, with 88% of recommendations being rated Compliant or Largely Compliant
  • No areas examined were found to be non-compliant

Follow-up Actions

  • 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 included officials from various government agencies, financial institutions, and regulatory bodies.

Commitment to Combating Financial Crimes

The adoption of this report is a significant milestone for Guyana, demonstrating its commitment to combating financial crimes and maintaining a robust AML/CFT regime. Attorney General Anil Nandlall SC assured that Guyana recognizes the need to continue investing in law enforcement authorities to ensure effective combat against money laundering, terrorist financing, and proliferation financing.

Conclusion

Guyana’s achievement of provisional good ratings in its anti-money laundering report is a testament to the country’s efforts to combat financial crimes. The country will continue to work towards maintaining a robust AML/CFT regime and reporting back to the CFATF on its progress.