Guyana: President Signs into Law Tougher Money Laundering Sanctions

No Comment 12 Views

Guyana President David Granger has signed into law new measures under the country’s Anti Money Laundering and Countering the Financing of Terrorism (AML/CFT) Act.

When presenting the amendments to Guyana’s legislature, Williams had indicated that the changes sought to make money laundering a hybrid offense, either “indictable or a summary.”

The amendments increased fines under the law to not less than $200 million or more than $500 million for corporate bodies, and gives officials more time to prepare cases.

Read more here: 

Get headlines, breaking news, and jobs announcements delivered to your inbox. Sign up for our daily newsletter.

Share This Page
Industry Webinars
FEATURED Solutions
Learn About RDC