Guyana off European Commission’s money laundering list

(Department of Public Information) Guyana has been delisted from the European Commission’s money laundering list, joining countries like Bosnia-Herzegovina, Ethiopia, Lao People’s Democratic Republic, Sri Lanka and Tunisia, as those countries, work to table legislation to guard against money laundering and terrorist financing.

This is according to the European Commission, in a new comprehensive plan to further strengthen its fight against money laundering and terrorist financing.

The delisting of countries will enter into force in 20 days after the official publication of the plan.

The Commission amended the list in the form of a Delegated Regulation. It will now be submitted to the European Parliament and Council for approval within one month (with a possible one-month extension), given the Coronavirus crisis, the Commission stated.

Read more at: Department of Public Information

Source: CARICOM TODAY