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FM
Former Member

Now even the US who put these people in power badtalking jackass  Granger and his band of misfits.

International Narcotics Control Strategy Report finds…Limited effectiveness of SOCU, FIU, Police affect AML efforts


 

—Lack of cooperation by business community an inhibiting factor

By: Kiana Wilburg
A recent report by the United States Department of State has noted that the effectiveness of the core agencies involved in the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) in Guyana is limited.

Attorney General, Basil Williams

The International Narcotics Control Strategy Report Volume II noted that the major agencies involved in the anti-drug and anti-money laundering effort include the Office of the Attorney General, the Finance Intelligence Unit (FIU), Ministry of Finance, Bank of Guyana, Guyana Police Force, Guyana Revenue Authority (GRA), the Customs Anti-Narcotics Unit, and the Special Organized Crimes Unit (SOCU).
Although the AML legislation gives the FIU authority to investigate alleged money laundering, the report noted that the FIU does not have the capacity to conduct such investigations. It also noted that SOCU investigates those cases referred to it by the FIU.
The documented said, “The effectiveness of these agencies at investigating money laundering is limited, as they lack adequate human resources, training to ensure successful prosecutions, and a strong interagency network. Additionally, lack of cooperation by the business community also hinders Guyana’s AML (anti-money laundering) efforts.”
Furthermore, the report said that despite its limited staffing capacity, in February, SOCU seized roughly US$80,000 and arrested two persons suspected of money laundering.
This was the first seizure under Guyana’s updated AML legislation.
The US Department said that Guyana should raise awareness and understanding of AML laws and pursue the implementation of procedures. It said that this can be done through training and the publication of guidelines within the judicial system and in agencies with the authority to investigate financial crimes.
The report said that wire transfers, and customer due diligence regulations should be strengthened and additional resources extended to the FIU and SOCU.
Furthermore, it was Attorney General and Minister of Legal Affairs, Basil Williams, who recently articulated that an effective AML/CFT framework will demand convictions. This is an area in which Guyana has been lacking and Williams is determined to change this state of affairs.
He made this, among other remarks at the auspicious National Risk Assessment (NRA) workshop which was held at the Marriott Hotel some weeks ago.
At the workshop which is expected to conclude today, Williams said that the NRA is a good starting point in the journey towards an efficient and effective AML/CFT regime.
“The National Risk Assessment therefore serves as a yardstick from which to measure Guyana’s progress as well as the weaknesses in our regime; and being equipped with this knowledge, we will be able to know where we have to go if we are to reach our desired goal,” expressed the Minister.
Williams also stated that by completing a NRA, it places Guyana in the company of countries like the USA, UK and Canada who have all found the NRA process to be an effective tool in addressing the defects in their AML/CFT regime.
The Attorney General noted that this process is pivotal to the further development of Guyana’s regime as it puts the nation in a better position to successfully improve on its existing framework.
Through the NRA, Williams stated that the authorities of the day will be able to prioritize and focus on the most crucial areas and strategically allocate resources to strengthen these areas.
He noted that the NRA supports the policy making process by enabling the Government and other relevant bodies to address the loopholes in the regime and to plug those holes.
Furthermore, the Minister said that the fight against money laundering and terrorist financing is an undertaking that requires the coordinated and dedicated efforts of all stakeholders including policy makers, law enforcement, private sector and financial institutions.
He said that Guyana already has laws to detect and prevent money laundering and terrorist financing. While the relevant laws are important, the Minister of Legal Affairs said that it is equally important that stakeholders understand the money laundering and terrorist financing threats, risks and vulnerabilities that the nation faces.
Williams asserted that identifying, assessing and understanding the risks of money laundering will undoubtedly put Guyana in a better position to mitigate those threats and vulnerabilities by implementing the necessary measures.
The Attorney General said that this is an essential part of the development and implementation of any country’s AML/CFT regime. Without going through this process, Williams remarked that Guyana would be operating in a vacuum which is counterproductive.
EFFECTIVENESS
The Attorney General commented that the recent amendments to the AML/CFT Act, which addressed deficiencies in the law, saw Guyana being rated compliant with the Financial Action Task Force (FATF)’s Action Plan.
Williams said that Guyana has exited the FATF monitoring and the Caribbean Financial Action Task Force (CFATF)’s third round of Mutual Evaluations.
Furthermore, Williams said that this significant progress has been recognized by the US Department of Treasury and more recently, the International Monetary Fund (IMF) which has commended Guyana’s efforts.
The AG said that the IMF, while recognizing Guyana’s progress also said that the country “should continue to strengthen its Anti-Money Laundering and Combating the Financing of Terrorism Framework in line with international standards”
Williams said that he shared the sentiments of the IMF especially since the fourth round of Mutual Evaluations by the CFATF in 2022 will test the effectiveness of Guyana’s AML/ CFT regime.
The Minister of Legal Affairs said that using a data driven process to examine and reform every aspect of Guyana’s AML/CFT framework is most critical to ensuring Guyana’s effectiveness.
“Already, we have shown that we have the necessary legislative and supervisor framework in pace. However, effectiveness requires much more. According to FATF, a country’s efforts to develop sound laws and regulations and implementing and enforcing them should focus on one goal, that is the high level objective of an effective AML/CFT framework,” commented Williams.
He continued, “The High Level objective says that ‘Financial systems and the broader economy are protected from the threats of money laundering and the financing of terrorism and proliferation, thereby strengthening financial sector integrity and contributing to safety and security.”
The Minister of Legal Affairs added, “To achieve this high level objective, the FATF has identified 11 key goals that an effective AML/ CFT framework should achieve.”
Williams said that these key goals or “immediate outcomes” are what the FATF will assess Guyana’s efforts against; ultimately determining whether the nation’s AML/CFT regime is effective.
The 11 key goals include; having financial intelligence and other relevant information being appropriately used by competent authorities for money laundering and terrorist financing investigations; confiscation of proceeds and instruments of crimes; and for supervisors to appropriately supervise, monitor and regulate financial institutions and Designated Non-Financial Businesses and Professions (DNFBP) for compliance with AML/CFT requirements commensurate with their risks.

Replies sorted oldest to newest

Django posted:

Kerr you lying Piss Pot Porter r@ss,

those agencies became effective recently,they will be more forceful in due time,some quarters of the population hate them.

What an asinine statement but expected from a FILTH HEAD!!!!!!!!!!!

Nehru
Nehru posted:
Django posted:

Kerr you lying Piss Pot Porter r@ss,

those agencies became effective recently,they will be more forceful in due time,some quarters of the population hate them.

What an asinine statement but expected from a FILTH HEAD!!!!!!!!!!!

What's asinine ?? 

expected from someone who head is buried in the sand.

Django
Nehru posted:

Ow Buddy DG is only 2 years GADAHAS need ten years to learn ABC. Go easy on the Jackasses and their GNI SLOP CAN crew. 

Perhaps, it may take them 50 years to learn to put on their clothes.

FM
Django posted:

Kerr you lying Piss Pot Porter r@ss,

those agencies became effective recently,they will be more forceful in due time,some quarters of the population hate them.

Learn to read, this is a recent report that directly implicates PNC ineffectiveness :

A recent report by the United States Department of State has noted that the effectiveness of the core agencies involved in the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) in Guyana is limited.

FM

The U.S. State Department should know from history that the PNC is still the same, worse and ineffective on all fronts. Them too blasted greedy for oil to place another loser in power. 

FM
Drugb posted:
Django posted:

Kerr you lying Piss Pot Porter r@ss,

those agencies became effective recently,they will be more forceful in due time,some quarters of the population hate them.

Learn to read, this is a recent report that directly implicates PNC ineffectiveness :

A recent report by the United States Department of State has noted that the effectiveness of the core agencies involved in the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) in Guyana is limited.

—Lack of cooperation by business community an inhibiting factor

A recent report by the United States Department of State has noted that the effectiveness of the core agencies involved in the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) in Guyana is limited.

The International Narcotics Control Strategy Report Volume II noted that the major agencies involved in the anti-drug and anti-money laundering effort include the Office of the Attorney General, the Finance Intelligence Unit (FIU), Ministry of Finance, Bank of Guyana, Guyana Police Force, Guyana Revenue Authority (GRA), the Customs Anti-Narcotics Unit, and the Special Organized Crimes Unit (SOCU).
Although the AML legislation gives the FIU authority to investigate alleged money laundering, the report noted that the FIU does not have the capacity to conduct such investigations. It also noted that SOCU investigates those cases referred to it by the FIU.
The documented said, “The effectiveness of these agencies at investigating money laundering is limited, as they lack adequate human resources, training to ensure successful prosecutions, and a strong interagency network. Additionally, lack of cooperation by the business community also hinders Guyana’s AML (anti-money laundering) efforts.”
Furthermore, the report said that despite its limited staffing capacity, in February, SOCU seized roughly US$80,000 and arrested two persons suspected of money laundering.
This was the first seizure under Guyana’s updated AML legislation.
The US Department said that Guyana should raise awareness and understanding of AML laws and pursue the implementation of procedures. It said that this can be done through training and the publication of guidelines within the judicial system and in agencies with the authority to investigate financial crimes.
The report said that wire transfers, and customer due diligence regulations should be strengthened and additional resources extended to the FIU and SOCU.


 

Read the above,if you have the capacity to understand the problems.

That piece of snippet you posted doesn't say everything.

Django
Last edited by Django

Django,

Why don't you join the AFC/PNC Jackasses as they bray ?

This is what the United States is saying:

Quote:

"The documented said, “The effectiveness of these agencies at investigating money laundering is limited, as they lack adequate human resources, training to ensure successful prosecutions, and a strong interagency network."

End of Quote.

Please stop making a jackass of yourself.

FM
Last edited by Former Member
Django posted:

 

Read the above,if you have the capacity to understand the problems.

That piece of snippet you posted doesn't say everything.

I don't understand your obsesson with fetching the PNC slop can. The US said they were ineffective, what ever issues are preventing them from being effective should be addressed by the govt as problem solvers instead of excuse makers. 

FM

Why you guys care...when these agencies do work and people are caught you will all howl like banshees. The PPP were no better, they REFUSED to have anything to do with running a country in an effective manner it was every man for himself...fk anything legal. Some even had the nerve to say even though they knew money was being made illegally and the country was a drug haven they were ok with it because "we used to get some a de crumbs"

As the US said, the Granger Govt has to be better trained in investigating money laundering and the quicker this is done, the quicker they will prosecute those involved. We will again hear the knashing of teeth with spittle flying and the wailing "is sheer ethnic cleansing goin on"

cain
Drugb posted:
Django posted:

 

Read the above,if you have the capacity to understand the problems.

That piece of snippet you posted doesn't say everything.

I don't understand your obsesson with fetching the PNC slop can. The US said they were ineffective, what ever issues are preventing them from being effective should be addressed by the govt as problem solvers instead of excuse makers. 

What obsession?? you lying skunk.

alyuh got a lot of years to shoot crap on GNI.

I will throw back and laugh at you fools.

Django
Last edited by Django
yuji22 posted:

Django,

Why don't you join the AFC/PNC Jackasses as they bray ?

This is what the United States is saying:

Quote:

"The documented said, “The effectiveness of these agencies at investigating money laundering is limited, as they lack adequate human resources, training to ensure successful prosecutions, and a strong interagency network."

End of Quote.

Please stop making a jackass of yourself.

lack adequate human resources, training

Jennyass,

do you understand the above,any trained brains in the country to fill the positions ?? they have to find people.

Django
Last edited by Django
Demerara_Guy posted:

Continued inefficiencies and ineffectiveness of the PNC/AFC.

 

What is interesting about the PPP fraudsters is that when the same was said under the PPP you all whined and wailed and cussed down the various ambassadors every chance you got.

Suddenly you agree with their assessments.

There is deep seated rot in how Guyana is administered and both the PPP and the PNC are to blame.  Its a real dishonest toad who wouldn't admit this.

FM
Django posted:

What obsession?? you lying skunk.

alyuh got a lot of years to shoot crap on GNI.

I will throw back and laugh at you fools.

What goes around comes around, if you don't like the head, get out of the kitchen. 

For years you and the rest of pnc supporters had your fill of criticizing the PPP and it was your right to do so. You folks used all methods available, from deceit to outright lies, but all is fair in politics. Now take your dhall like a man or go your way like d2 and others who fled. 

FM
Drugb posted:
Django posted:

What obsession?? you lying skunk.

alyuh got a lot of years to shoot crap on GNI.

I will throw back and laugh at you fools.

What goes around comes around, if you don't like the head, get out of the kitchen. 

For years you and the rest of pnc supporters had your fill of criticizing the PPP and it was your right to do so. You folks used all methods available, from deceit to outright lies, but all is fair in politics. Now take your dhall like a man or go your way like d2 and others who fled. 

You are good at it,

added with the vile behavior of the rest of the crew,it's glaring for every one to see.

Spit more lies i will be here to expose.

Django
Django posted:

You are good at it,

added with the vile behavior of the rest of the crew,it's glaring for every one to see.

Spit more lies i will be here to expose.

I suppose we must be content to use you as  a punching bag despite the lower intellect as d2 and others have abandoned ship and left the second string to take the punishment. 

FM
Drugb posted:
Django posted:

You are good at it,

added with the vile behavior of the rest of the crew,it's glaring for every one to see.

Spit more lies i will be here to expose.

I suppose we must be content to use you as  a punching bag despite the lower intellect as d2 and others have abandoned ship and left the second string to take the punishment. 

Look who is talking about intellect,College Education have done nothing to the white matter in your cranium,dunno how you does code.

Django
Django posted:

Look who is talking about intellect,College Education have done nothing to the white matter in your cranium,dunno how you does code.

Stupid is what stupid does, only a fool will carry pnc slop can as fastidiously as you do despite all the evidence of their incompetency.  Even PNC stalwarts caribj, d2,  kari, gilly have abandoned ship, leaving the underlings and less intelligent like cain, mars(d2 alter ego), warrior, gt to defend the indefensible. 

FM
Drugb posted:
Django posted:

Look who is talking about intellect,College Education have done nothing to the white matter in your cranium,dunno how you does code.

Stupid is what stupid does, only a fool will carry pnc slop can as fastidiously as you do despite all the evidence of their incompetency.  Even PNC stalwarts caribj, d2,  kari, gilly have abandoned ship, leaving the underlings and less intelligent like cain, mars(d2 alter ego), warrior, gt to defend the indefensible. 

You are blind as bat,no one is defending the Gov't we give credit when accomplishment are made and when they goof we speak out,we look out for the betterment of all the people,unlike you and crew who turns a blind eye to wrongdoings by the previous gov't and only interested in the well being of Indo Guyanese and are condescending towards Afro Guyanese and Native Indians.

Django
Last edited by Django
Drugb posted:
Django posted:

Look who is talking about intellect,College Education have done nothing to the white matter in your cranium,dunno how you does code.

Stupid is what stupid does, only a fool will carry pnc slop can as fastidiously as you do despite all the evidence of their incompetency.  Even PNC stalwarts caribj, d2,  kari, gilly have abandoned ship, leaving the underlings and less intelligent like cain, mars(d2 alter ego), warrior, gt to defend the indefensible. 

i am not defending the government i am criticizing the ppp

FM
yuji22 posted:

You mean dat the house that you built without a foundation fell apart ?

maybe some day it but for now a family is living in a better condition in that house thanks to some kind people

FM
yuji22 posted:

Django Bhai,

Please take Drugb's advice and stop defending a bunch of AFC/PNC jackasses. You are being used and soon abused. Please Smarten up. 

Am i defending or refuting the lies,i said many times i am for all the people,i don't hate Afro Guyanese and the other races in homeland,Black and Indian leaders of Guyana have the same rights to rule when the are voted in by the people,people should learn to speak up when government goof up and give credit when accomplishment are made.

Guyana is divided country some of the politicians continuously uses the race card to achieve power,it will end soon mark my words.

Django
Last edited by Django
Django posted:
Drugb posted:
Django posted:

You are good at it,

added with the vile behavior of the rest of the crew,it's glaring for every one to see.

Spit more lies i will be here to expose.

I suppose we must be content to use you as  a punching bag despite the lower intellect as d2 and others have abandoned ship and left the second string to take the punishment. 

Look who is talking about intellect,College Education have done nothing to the white matter in your cranium,dunno how you does code.

Get with it Django...the stuff in his cranium is brown with a foul smell and has to use toilet tissue to blow his nose.ketch ma drift?

cain
Last edited by cain
warrior posted:

i am not defending the government i am criticizing the ppp

PPP not in power, what is there to criticize as you keep making excuses for PNC incompetency.  BTW was that you in that cow calf story?

FM
Last edited by Former Member
Django posted:

Am i defending or refuting the lies,i said many times i am for all the people,i don't hate Afro Guyanese and the other races in homeland,Black and Indian leaders of Guyana have the same rights to rule when the are voted in by the people,people should learn to speak up when government goof up and give credit when accomplishment are made.

Guyana is divided country some of the politicians continuously uses the race card to achieve power,it will end soon mark my words.

Daily you fetch the PNC slop can.  Carefully following the instructions of your pnc masters to supplement your 401k. 

FM
cain posted:

Get with it Django...the stuff in his cranium is brown with a foul smell and has to use toilet tissue to blow his nose.ketch ma drift?

Look at you bai, a second rate putagee man subsisting on soup kitchen leftovers in Canada. 

FM
Drugb posted:
Django posted:

Am i defending or refuting the lies,i said many times i am for all the people,i don't hate Afro Guyanese and the other races in homeland,Black and Indian leaders of Guyana have the same rights to rule when the are voted in by the people,people should learn to speak up when government goof up and give credit when accomplishment are made.

Guyana is divided country some of the politicians continuously uses the race card to achieve power,it will end soon mark my words.

Daily you fetch the PNC slop can.  Carefully following the instructions of your pnc masters to supplement your 401k. 

Banna there you go again with your one track mind,does everyone have to invest in 401k ?? there are many ways one can invest to supplement their retirement.

You are a follower not a leader.

Django
Django posted:
Drugb posted:
Django posted:

Am i defending or refuting the lies,i said many times i am for all the people,i don't hate Afro Guyanese and the other races in homeland,Black and Indian leaders of Guyana have the same rights to rule when the are voted in by the people,people should learn to speak up when government goof up and give credit when accomplishment are made.

Guyana is divided country some of the politicians continuously uses the race card to achieve power,it will end soon mark my words.

Daily you fetch the PNC slop can.  Carefully following the instructions of your pnc masters to supplement your 401k. 

Banna there you go again with your one track mind,does everyone have to invest in 401k ?? there are many ways one can invest to supplement their retirement.

You are a follower not a leader.

At the very least you must put that slop can money in a sep  ira to take advantage of pre tax growth. 

FM

Ow Bhaya,

You are schooling the PNC slop can boy again this morning ?

Please tek your your time in explaining cause they are used to Jackass cart economics, Granger style.

Please explain very slowly to him. 

FM
Drugb posted:
cain posted:

Get with it Django...the stuff in his cranium is brown with a foul smell and has to use toilet tissue to blow his nose.ketch ma drift?

Look at you bai, a second rate putagee man subsisting on soup kitchen leftovers in Canada. 

Those suffering from Personality disorders suffer from low esteem, they look for ways to feel better by trying to belittle others. It is really too bad you can't photoshop your ugly personality.

cain
Last edited by cain
yuji22 posted:

Ow Bhaya,

You are schooling the PNC slop can boy again this morning ?

Please tek your your time in explaining cause they are used to Jackass cart economics, Granger style.

Please explain very slowly to him. 

Banna every one have their choice in Investing,don't try to be a smart ass on GNI and thinks you know it all.

I invest with lesser risk for the past 21 yrs in the ole USA,if i disclose the amount of assets for that period,some will be shocked,all made when things were great and hard work,i can still continue,i prefer to chill out a little.No IRA,401k ,Stocks or swindle Insurance Companies.

Suh give it a rest,

and you wanna know something i live a moderate life ,raised six children and drives a 1999 All Wheel drive Chrysler Town and Country Lxi,I am happy and not the show off type,big house and fancy cars i am not interested in,although i can afford it,came from humble beginings and prefer to stay that way,the best part i don't discriminate and give jack his jacket.

keep the slopcan,Jackass language and highlife to your self.

Samjhe

Django
Last edited by Django

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