Shortcomings in Financial sector tightening

Financial MarketGeorgetown: The Anti-money Laundering and Countering the Financing of Terrorism Act (AMLCFT) will be further strengthened as Guyana is moving to further strengthen mechanisms dealing with money laundering, national competitiveness, taxation and trade this year.

The action plan is expected to capture key issues affecting the growth and development of business and provide the mechanisms to effectively address these shortcomings. Other steps being taken by Guyana Revenue Authority (GRA) will see further improvements in efficiency and use of computerized mechanisms to allow for faster accessibility and more accuracy.