Guyana set to host CFATF conference in November

More than 150 participants from 26 member countries are expected in Guyana for the Caribbean Financial Action Task Force (CFATF) conference, to be held at the Marriott Hotel from November 12th to 16th, 2017.
According to the Department of Public Information, hosting the CFATF symposium in Guyana is a prestigious honour for President David Granger and Legal Affairs Minister Basil Williams.
Having made significant progress in improving its AML/CFT regime and adequately addressing the key AML/CFT deficiencies identified, the CFATF Plenary of November 2016 agreed to have Guyana removed from the CFATF/ICRG process.
Guyana is therefore no longer subject to monitoring by CFATF/ICRG, which means the country has been removed from the backlisted CFATF/ICRG status.
Guyana was “blacklisted” by the CFATF in 2013 after it failed to make significant progress in implementing required legislative reforms which would have aided in the international combat against money laundering and financing of terrorism.