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US report lists Guyana as ‘major money laundering jurisdiction in 2017’

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…. says ‘narcotics trafficking, government corruption are the primary sources of laundered funds’

The United States’, Department of State, International Narcotics Control Strategy Report (INCSR), volume two of March 2018 has listed Guyana, among many other countries, as “Major Money Laundering Jurisdictions in 2017.”

The report noted that while Guyana has made much progress on the Anti-Money Laundering (AML) front more training, education, and resources are needed in the future.

In its 2018 overview of Guyana, the INCSR posited that “narcotics trafficking and government corruption are the primary sources of laundered funds.”

Secondary sources the report outlined are “human trafficking, illicit gold mining, contraband, and tax evasion.”

According to the US report, ” Guyana is a transit country for South American cocaine destined for Europe, the United States, Canada, and the Caribbean. Cocaine is concealed in legitimate commodities and smuggled via commercial maritime vessels, air transport, human couriers, or the postal services. Traffickers are attracted to Guyana’s remote airstrips, porous land borders, and weak security infrastructure. Largely unregulated currency exchange houses, used to transfer funds to and from the diaspora, pose a risk to Guyana’s AML regime.”

The report listed the major agencies involved in anti-drug and money laundering efforts, such as the Guyana Police Force (GPF), Guyana Revenue Authority (GRA), the Customs Anti-Narcotics Unit (CANU), the Special Organized Crimes Unit (SOCU) and the Financial Intelligence Unit (FIU), among others, but noted that they were not effective enough due to “inadequate human resources, insufficient training, and a lack of strong interagency cooperation.”
 

Moreover, the report said that the “business community’s lack of cooperation also hinders Guyana’s AML efforts.”

It was outlined that Guyana should continue to provide training to “increase awareness and understanding of AML laws within the judiciary and agencies with investigative authority for financial crimes” while “suspicious activity reporting, wire transfers, and customer due diligence regulations should be strengthened and additional resources given to the FIU and SOCU.”

Apart from Guyana, Brazil, Barbados, Cuba, the Dominican Republic, Haiti, Jamaica, Venezuela, Trinidad and Tobago, Peru, Canada, the United Kingdom and Unite

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The report listed the major agencies involved in anti-drug and money laundering efforts, such as the Guyana Police Force (GPF), Guyana Revenue Authority (GRA), the Customs Anti-Narcotics Unit (CANU), the Special Organized Crimes Unit (SOCU) and the Financial Intelligence Unit (FIU), among others, but noted that they were not effective enough due to “inadequate human resources, insufficient training, and a lack of strong interagency cooperation.”

Why cooperate? If they cooperate, they would each have a smaller share. Less to go around. Dem prappa smart peeple you no?

FM

…. says ‘narcotics trafficking, government corruption are the primary sources of laundered funds’

 

March 2018 International Narcotics Control Strategy Report (INSR) on Guyana.

 

Corruption

As a matter of policy, the Government of Guyana does not encourage or facilitate the illicit production or distribution of narcotics or psychotropic drugs or other controlled substances or the laundering of proceeds from illegal drug transactions. However, a lack of resources, weak law enforcement institutions, an ineffective judicial system, and inadequate compensation for civil service employees and public safety officials facilitate corruption throughout all sectors. The Guyanese government has strict policies against corruption, but has difficulty in investigating and successfully prosecuting corruption cases. In May, the government passed the State Asset Recovery Act and created the State Asset Recovery Agency, bringing the government in full compliance with the United Nation Convention against Corruption. In September, the United Nations Office on Drugs andCrime,supported by U.S. funding, appointed a representative to Guyana to support and strengthen the national capacity to fight anti-corruption and money laundering activities.


 

Where in the report it says Government corruption ???

 

 

 

http://www.inewsguyana.com/us-...ion-in-2017/#respond

 

INEWS IS ANOTHER RAG TAG MEDIA FROM GUYANA.

 


 

Django
Last edited by Django
Django posted:

…. says ‘narcotics trafficking, government corruption are the primary sources of laundered funds’

 

March 2018 International Narcotics Control Strategy Report (INSR) on Guyana.

 

Corruption

As a matter of policy, the Government of Guyana does not encourage or facilitate the illicit production or distribution of narcotics or psychotropic drugs or other controlled substances or the laundering of proceeds from illegal drug transactions. However, a lack of resources, weak law enforcement institutions, an ineffective judicial system, and inadequate compensation for civil service employees and public safety officials facilitate corruption throughout all sectors. The Guyanese government has strict policies against corruption, but has difficulty in investigating and successfully prosecuting corruption cases. In May, the government passed the State Asset Recovery Act and created the State Asset Recovery Agency, bringing the government in full compliance with the United Nation Convention against Corruption. In September, the United Nations Office on Drugs andCrime,supported by U.S. funding, appointed a representative to Guyana to support and strengthen the national capacity to fight anti-corruption and money laundering activities.


 

Where in the report it says Government corruption ???

 

 

 

http://www.inewsguyana.com/us-...ion-in-2017/#respond

 

INEWS IS ANOTHER RAG TAG MEDIA FROM GUYANA.

 


 

Djangy, you see how quick you are to respond to a manufactured headline? Hope you keep this in mind when you make headlines that are way out in left field.

FM
skeldon_man posted:
Django posted:

…. says ‘narcotics trafficking, government corruption are the primary sources of laundered funds’

 

March 2018 International Narcotics Control Strategy Report (INSR) on Guyana.

 

Corruption

As a matter of policy, the Government of Guyana does not encourage or facilitate the illicit production or distribution of narcotics or psychotropic drugs or other controlled substances or the laundering of proceeds from illegal drug transactions. However, a lack of resources, weak law enforcement institutions, an ineffective judicial system, and inadequate compensation for civil service employees and public safety officials facilitate corruption throughout all sectors. The Guyanese government has strict policies against corruption, but has difficulty in investigating and successfully prosecuting corruption cases. In May, the government passed the State Asset Recovery Act and created the State Asset Recovery Agency, bringing the government in full compliance with the United Nation Convention against Corruption. In September, the United Nations Office on Drugs andCrime,supported by U.S. funding, appointed a representative to Guyana to support and strengthen the national capacity to fight anti-corruption and money laundering activities.


 

Where in the report it says Government corruption ???

 

 

 

http://www.inewsguyana.com/us-...ion-in-2017/#respond

 

INEWS IS ANOTHER RAG TAG MEDIA FROM GUYANA.

 


 

Djangy, you see how quick you are to respond to a manufactured headline? Hope you keep this in mind when you make headlines that are way out in left field.

That headline was manufactured by another RAG TAG MEDIA OUTLET from Guyana.

My headlines don't lie.

Django
Django posted:
skeldon_man posted:
Django posted:

…. says ‘narcotics trafficking, government corruption are the primary sources of laundered funds’

 

March 2018 International Narcotics Control Strategy Report (INSR) on Guyana.

 

Corruption

As a matter of policy, the Government of Guyana does not encourage or facilitate the illicit production or distribution of narcotics or psychotropic drugs or other controlled substances or the laundering of proceeds from illegal drug transactions. However, a lack of resources, weak law enforcement institutions, an ineffective judicial system, and inadequate compensation for civil service employees and public safety officials facilitate corruption throughout all sectors. The Guyanese government has strict policies against corruption, but has difficulty in investigating and successfully prosecuting corruption cases. In May, the government passed the State Asset Recovery Act and created the State Asset Recovery Agency, bringing the government in full compliance with the United Nation Convention against Corruption. In September, the United Nations Office on Drugs andCrime,supported by U.S. funding, appointed a representative to Guyana to support and strengthen the national capacity to fight anti-corruption and money laundering activities.


 

Where in the report it says Government corruption ???

 

 

 

http://www.inewsguyana.com/us-...ion-in-2017/#respond

 

INEWS IS ANOTHER RAG TAG MEDIA FROM GUYANA.

 


 

Djangy, you see how quick you are to respond to a manufactured headline? Hope you keep this in mind when you make headlines that are way out in left field.

That headline was manufactured by another RAG TAG MEDIA OUTLET from Guyana.

My headlines don't lie.

I agree. They are just economical with the truth or should we say they are not exactly what the author had in mind.

FM
RE:  The report listed the major agencies involved in anti-drug and money laundering efforts, such as the Guyana Police Force (GPF), Guyana Revenue Authority (GRA), the Customs Anti-Narcotics Unit (CANU), the Special Organized Crimes Unit (SOCU) and the Financial Intelligence Unit (FIU), among others, but noted that they were not effective enough due to “inadequate human resources, insufficient training, and a lack of strong interagency cooperation.”
 

Moreover, the report said that the “business community’s lack of cooperation also hinders Guyana’s AML efforts.”

 

As we often read from some here, " Black people doan even know how fo run a cakeshop it is the Indos who are the business people, so with that in mind,are these the business people who are hindering efforts in money laundering?

cain
Last edited by cain

Don't you know that corruption is part of politics? The so call, non-corrupted America is waging war against corruption and dictatorship within its own corruption policy to install democracy. In America, there is a government within the government that the president cannot control. It started with the Rosewell incident and grown into a monstrous secrecy. 

FM
Last edited by Former Member
cain posted:
RE:  The report listed the major agencies involved in anti-drug and money laundering efforts, such as the Guyana Police Force (GPF), Guyana Revenue Authority (GRA), the Customs Anti-Narcotics Unit (CANU), the Special Organized Crimes Unit (SOCU) and the Financial Intelligence Unit (FIU), among others, but noted that they were not effective enough due to “inadequate human resources, insufficient training, and a lack of strong interagency cooperation.”
 

Moreover, the report said that the “business community’s lack of cooperation also hinders Guyana’s AML efforts.”

 

As we often read from some here, " Black people doan even know how fo run a cakeshop it is the Indos who are the business people, so with that in mind,are these the business people who are hindering efforts in money laundering?

 Bump...for yugi

cain
cain posted:
cain posted:
RE:  The report listed the major agencies involved in anti-drug and money laundering efforts, such as the Guyana Police Force (GPF), Guyana Revenue Authority (GRA), the Customs Anti-Narcotics Unit (CANU), the Special Organized Crimes Unit (SOCU) and the Financial Intelligence Unit (FIU), among others, but noted that they were not effective enough due to “inadequate human resources, insufficient training, and a lack of strong interagency cooperation.”
 

Moreover, the report said that the “business community’s lack of cooperation also hinders Guyana’s AML efforts.”

 

As we often read from some here, " Black people doan even know how fo run a cakeshop it is the Indos who are the business people, so with that in mind,are these the business people who are hindering efforts in money laundering?

 Bump...for yugi

The fearlessly honest Yuji or the fearful cowardly Yuji?

A

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