-cites absence of investigations, prosecutions
Gold smuggling is one of the highest money laundering threats in Guyana, according to the second Money Laundering (ML) and Terrorist Financing (TF) National Risk Assessment (NRA).
The assessment was compiled by the Anti-Money Laundering and Countering the Financing of Terrorism National Coordination Committee. Its work has been hailed by Attorney General Anil Nandlall.
The overall level of the ML threat in Guyana is Medium High, due to significant estimated value of the proceeds of crime generated from predicate offences that have been committed in the country, and the lack of convictions of money laundering over the years, the NRA found.
Credit: Source link