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Dr Roger Luncheon yesterday described as a “warning” the most recent communication by the Caribbean Financial Action Taskforce (CFATF) to Guyana, should it fail to enact the amendments to the Anti Money Laundering and Countering the Financing of Terrorism Bill by November.The Head of the Presidential Secretariat made the disclosure yesterday when he said that ‘Cabinet’ during its most recent meeting on Tuesday last lamented the “delay tactics” being employed by the combined political opposition.Dr Roger LuncheonHe said that while the Special Select Committee would have met on Monday last, it has failed to utilize the remainder of the week for continued meetings and has instead set the next date for the coming week.Dr Luncheon denied that the content of the CFATF communication was not shared with the opposition and said that it was read out to its representatives when the Committee met.“They were suitably advised about its content….The document essentially identified CFATF intentions in the face of the continued non-enactment of the Bill.”On the matter of the delays, Dr Luncheon reminded that on November 18, Guyana will return to the CFATF’s International Co-operation Review Group (ICRG). He said that the way things are going it is not unreasonable to feel Guyana would be “returning with empty hands” – meaning the Bill would not have been enacted as yet.This view, he said,Cheap Jerseys Supply, is further strengthened by the opposition’s refusal to continue meeting during the course of this week to address the matter. He suggested that there was something perverse in the position being adopted by the combined opposition.Dr Luncheon said when the Opposition had agreed to have the Special Select Committee convene within a week of returning from the Parliamentary recess,Cheap Jerseys NFL, the administration thought that it represented a better understanding of the penalties that the country faces.“Our hopes were dashed by a rejection for any further meetings during the course of this week,” said Dr Luncheon.He said that the renewed stance by the Political Opposition is reflective of its previous position before Parliament went into recess and caused the committee to not meet for a period of three months.At his post-cabinet briefing,Cheap Football Jerseys China, Dr Luncheon told media operatives that while Cabinet saw the Monday meeting as a positive development,Jerseys From China, “the outcome was so different.”He said the Committee met on Monday last but no substantial work was done.The members of the Committee at that recent meeting sought to review some of the work that had been undertaken, as well as set the agenda for its next meeting.A Partnership for National Unity (APNU)’s Joseph Harmon,Cheap NFL Jerseys Authentic, had told this publication that among the critical matters to be dealt with at the next meeting would be to review the communication that was sent to Guyana by the CFATF.The Special Select Committee has already been presented with a number of submissions from local entities and personnel such as the Director of Public Prosecutions and Guyana Bar Association.Asked about a possible time frame when the amendments would be returned to the House,Wholesale Soccer Jerseys Authentic, Harmon said that it would be difficult to pronounce. He explained that the matters before the Committee include a matrix of amendments.Harmon said that the amendments were not just for the Anti Money Laundering and Countering the Financing of Terrorism Act, but also for a number of other pieces of substantive legislation.He said that the political opposition would have to carefully assess the implications of the proposed changes.“We do not want to leave the body law in tatters,” Harmon emphasised.Failure to enact the amendments could likely see Guyana being blacklisted when it comes to international financial transactions.Ninety percent of Guyana’s compliance with the CFATF to fight money laundering and the financing of terrorism are dependent on the passage of the amendments that are before the Parliamentary Special Select Committee.
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