Guyana has been commended for its strides to implement legislations and other measures to combat money laundering.Attorney General (AG), Basil Williams,Cheap Nike NFL Jerseys, and Legal Advisor of the Finance Intelligent Unit (FIU), Alicia Williams, were part of a tele-conference with representatives of the Financial Action Task Force (FATF) and Representatives of the Americas Regional Review Group (ARRG) on Thursday,Jerseys NFL Cheap, August 27, last. The foreign officials were in Quito,Cheap NFL Jerseys, Ecuador.Due to the Parliamentary debate on the National Budget, the AG had requested that Guyana participate via teleconferencing.This teleconference came on the heels of the just concluded CFATF Ministerial meeting in Miami, Florida.“An agreed action plan between FATF and Guyana was addressed at the teleconference. Guyana was congratulated on its effort and commitment in addressing the majority of the deficiencies identified after the review by the ARRG,” Government said in a statement.The Anti-Money Laundering and Countering the Financing of Terrorism (Amendment) Act 2015 which was passed in Parliament and assented into law, were sent to ARRG along with the Anti-Money Laundering and Countering the Financing of Terrorism (AMLCFT) Regulation 2015.“These pieces of legislation have ensured that Guyana is now fully compliant with the FATF requirements,” the statement from Government said yesterday.The tele-conference with FATF and ARRG Co-Chairpersons on Thursday saw participants from Mexico, Spain,Cheap Jerseys From China Online, Canada, the US Treasury Department and Canada.In November 2013, after the country failed to pass the law changes, the regional regulators,Cheap NFL Jerseys Online, Caribbean Financial Action Task Force (CFATF) warned other CARICOM member countries to take measures to protect themselves from the risks coming from Guyana.Neither Government nor the Opposition budged and the issue has been worrying bankers and other stakeholders of the implications.Under the legislations banks, insurance companies, cooperatives, pawnbrokers, cambios, money transfers and a host of other agencies have to submit reports and raise red flags of suspicious transactions to a local body called the Financial Intelligence Unit (FIU).The law changes will allow measures to be taken for the seizure of monies and property acquired from illegal activities and proceeds. All agencies named have to adopt controls that will mandate customers to produce proper identification.Guyana’s non-passage of the Bill has seen pressure from civil organizations and business bodies.With several Caribbean nations’ part of the CFATF,Cheap Jerseys From China, any blacklisting would have implications.