AFC will support Anti – Money Laundering Legislation

[www.inewsguyana.com] – The Alliance for Change (AFC) has announced that it will support the Anti – Money Laundering and Countering the Financing of Terrorism Amendment Bill now that the government has decided to move in the direction of setting up the Public Procurement Commission (PPC).

With the support of the AFC, the government is in the clear for the successful passage of the Bill in Parliament, and fears of Guyana being blacklisted can now be put to rest.

Guyana has until November 18 to ensure the enactment of the Legislation in order to meet the needs of the Caribbean Financial Action Task Force (CFATF).

Leader of the AFC, Khemraj Ramjattan told reporters on Wednesday, October 30 that, “With the setting up of the PPC, we are going to support the Anti Money Laundering Amendment Bill because we feel that both will work symbolically and will help to put out a number of corrupt transactions.”

However, Ramjattan noted that he will “take it with a pinch of salt.” Government announced on Wednesday that it will table the amendment to the Public Procurement Act, and subsequently identify its nominees to sit on the PPC.

The AFC is on record calling for the establishment of this Commission before any support is given to the Anti Money Laundering Amendment Bill.