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OAS Secretary General Once Again Calls for Approval of Anti-Money Laundering Legislation in Guyana

  May 2, 2014

The Secretary General of the Organization of American States (OAS), José Miguel Insulza, today issued another call for the Parliament of Guyana to approve the Anti-Money Laundering and Countering the Financing of Terrorism Act (AMLCFTA), which has been under consideration by the Legislature for several months.

Insulza stated that passage of this Act is crucial to bring the country up to standard on these matters, noting that several of Guyana’s CARICOM partners have already adopted similar legislation in compliance with the requirements of the Caribbean Financial Action Task Force. Further delays, according to the highest ranking official of the OAS, could result in unnecessary damage to the country’s financial stature. The Secretary General therefore appeals again to all political parties and other stakeholders in Guyana to exercise leadership and understanding in seeking prompt passage of the AMLCFTA.

Secretary General Insulza offered the cooperation and support of the OAS through the Inter-American Drug Abuse Control Commission (CICAD), noting that Guyana’s draft law is fully consistent with the most recent recommendations of CICAD’s expert group on money laundering, which were in turn endorsed by CICAD commissioners at their 55th Regular Session in Washington DC this week.

For more information, please visit the OAS Website at

Reference: E-184/14