The PPP has zero interest in making this law work

Dear Editor,
After reading Sir Ronald Saunders’ sobering column, “In Guyana: political negotiations an opportunity for real democracy,” (KN, March 9, 2014), I think Guyanese need to know the history of the real delay in passing the amended version of the 2009 AML Law, and stop believing the PPP regime’s lie that the opposition is holding up the amended law’s passage.
The opposition merely wants the amended law to facilitate mechanisms and systems outside the control of the PPP regime that will make the law work, because evidence abounds that the regime refuses to make it work. And thanks to Stabroek News, we have a chronological outline showing the history of deliberate delays associated with the PPP.
On May 11, 2008, Stabroek News reported President Bharrat Jagdeo as saying ‘money-laundering legislation – sent to a Select Committee since June 2007 – would be passed in the next two months’, despite the fact that the committee had done nothing in the past year since the Bill was sent there for deliberation.
On June 23, 2008, SN reported that the ‘Special Select Committee examining the Anti-Money Laundering and Countering the Finance of Terrorism Bill 2007 has invited oral and written submissions from members of the public, as its work gets underway after a year-long lapse’.
On December 14, 2008, SN reported ‘The Special Parliamentary Committee reviewing the proposed anti-money laundering law has begun its deliberations on the substantive provisions of the long-awaited legislation’.
On April 30, 2009, the National Assembly passed the Anti-Money Laundering Bill after it spent two years in a Special Select Committee, (“Bill to confiscate money launderers’ assets finally passed,” SN, May 2, 2009).
Almost four months later, President Bharrat Jagdeo assented to the Anti-Money Laundering and Countering of Terrorism Act (“New anti-money laundering law assented to,” SN, August 19, 2009).
So it took the Jagdeo regime, with its parliamentary majority, from June 2007 to August 2009 to prepare and pass this very important Bill into law, prompting many observers to wonder aloud if the regime really wanted the law at all.
On July 4, 2011, SN reported that ‘more than two years after the new Anti-Money Laundering and Countering of Terrorism law was enacted, it is still not clear what work the lead agency under the Act—the Financial Intelligence Unit (FIU)—has been doing as there has been no known case brought by it against anyone during that period’.
‘Even President Bharrat Jagdeo appeared upset last year (2010) about the fact that there have been no court proceedings brought by the unit and he had publicly expressed his displeasure. While there has been one money laundering conviction, arising out of a case in the UK and which had the assistance of Scotland Yard, that court action was initiated by the Director of Public Prosecutions (DPP) and the conviction has since been overturned by the High Court’.
The FATF (the inter-governmental body developing and promoting policies to combat money laundering and terrorist financing) then issued a statement that ‘the methodology to prioritise jurisdictions in the pool for ICRG review was adopted by the FATF in October 2010’, and although ‘Guyana was ahead of Haiti, Aruba, Belize, Suriname, Turks and Caicos Islands, St. Kitts and Nevis, St. Lucia, Grenada and Dominica with scores between seven and three, Guyana was also at the top of the list of the jurisdictions in the ICRG-pool in the Africa/ Middle East and Asia/ Pacific regions’(Guyana tops list for possible further FATF sanctions, Guyana Chronicle, February 1, 2014).
So, although the Jagdeo regime knew of this October 2010 finding that the 2009 AML law had certain deficiencies that needed correcting, it did not make the amendments during the ensuing 12 months when Parliament was dissolved in September 2011 in preparation for the November 2011 elections.
Upon careful review of the foregoing chronology of events pertinent to the preparation and passage of the 2009 AML law, therefore, we can easily conclude that the PPP has no genuine interest in or desire for this law, so all the kicking, screaming and scratching about the opposition delaying passage of the amended bill are smokescreens to fool the gullible.
Compounding matters was President Jagdeo’s reported lamentation in 2011 about the FIUs failure to make money laundering busts, because the CFATF also lamented the government’s failure to ensure the FIU made busts, even as there is a sea of evidence in Guyana of money laundering. It is obvious the PPP has zero interest in making this law work.
The FIU is actually supposed to be adequately staffed with personnel properly trained in anti-money laundering tactics, but as of January 2011, there were only a Director and an Assistant. And while the PPP regime announced last year that the FIU will rely on police officers or advertised for legal advisers and financial analysts, no one knows what the status of the hiring process is.
The FIU is also supposed to submit reports to the Auditor-General and Parliament, but did so only once. Worse, the FIU had an operating budget of GY$29M in 2011 and GY$54M in 2012, yet it made no money laundering busts. Where did all that taxpayers’ money go?
This is precisely why the opposition wants to take the FIUs operations – from appointments to reporting – from the government and place them under the National Assembly.
Emile Mervin

The Guyanese populace voted their representatives into the National Assembly, its time their leaders talk to them by attending the National Consultations and listen to the voices of the ordinary citizens....everyone have a voice, everyone has a vote...

It is the international banking system we have to listen to. The ordinary citizen has no idea what is being done by the PPP regime in their name. There is no transparency in operation. The PPP has drafted a bill that makes them thiefman, judge, jury, and investigator. Under the PPP proposals there is zero chance of anyone ever getting put away for money laundering. 

well i will be damn that fool thieving soup drinking fool kit is still around.the ppp could do what the hell they like this bill is not passing until the ppp crawl on their belly to parliament and give the people local government election plus other bills.the ppp can go suck their mother 

You evea try an read this nonsense garbled stuff you write hey? What a human being. Did I say "Human being"?

APNU's position not to attend the National Consultations on the AML bills is totally uncalled for, they have to realize that they are elected by the people, and the people expect them to turn up at National Consultations.

the people also elect the ppp and they want the ministers to stop thieving the people also want local government election.this ppp government is a disgrace no person with a little brain or honest person don't want to listen to them

which part you do not like you human being

put up or shut up!!!

what is this fool babbling about 

My mamoo said Mr Nascemento was an old election rigger for Mr Burnham.

Hundreds of Guyanese made their voices heard at the public consultations today on the AML bill.

We got your mamoo Mahen. Remember when it use to be your fadda?