Deficiencies In Belize And Guyana AML Compliance Highlighted

Deficiencies in anti-money laundering compliance in Belize and Guyana have been highlighted by the Caribbean Financial Action Task Force (CFATF) and the British Virgin Islands (BVI) regulator.

CFATF, the regional supervisor for anti-money laundering compliance, on 20 November 2013 issued a public statement identifying countries in the Caribbean Region that were deficient in their anti-money laundering and combating the financing of terrorism regimes (AML / CFT). Belize and Guyana were named in the Statement. Dominica, having been previously identified as deficient, was the only country identified as having made significant improvement. 

The BVI regulator, the Financial Services Commission, further highlighted the CFATF's announcement in a public statement issued on 14 January 2014. Jurisdictions not mentioned in this note remain unaffected.