Guyana: President Signs into Law Tougher Money Laundering Sanctions

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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: guyanatimesgy.com 


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