Money laundering risks for lawyers … Anti-money laundering specialist to make presentation for Legal Practitioners
November 21, 2013, By KNews, Filed Under News, Source - Kaieteur News
A Certified Anti-Money Laundering Specialist (CAMS) will be doing a presentation for members of the legal profession tomorrow on the risks money laundering poses for them.
The presentation comes in light of the fact that Guyana has failed to implement the recommendations made by the Caribbean Financial Action Task Force (CFATF) to the Anti-Money Laundering and Countering the Financing of Terrorism Act 2009.
November 18 was the deadline given to Guyana by the international body to implement the said recommendations.
Guyana scholar, Toussant Boyce, who is on a short visit to Guyana, will be delivering his speech at 13:00 hours in the High Court.
The presentation comes at a critical time as it will discuss the transactions which are carried out by attorneys-at-law and independent legal practitioners who are subject to the reporting requirements of the Act.
These transactions are in relation to real estate, managing client funds including bank and securities accounts, company formation, operation and management of companies and the buying and selling of business entities.
Boyce who is also an Attorney-at-law, has attained more than 15 years of expertise from his work and studies done in areas of corporate, banking and international financial law and regulation.
While he recently submitted his PhD in international financial regulation to Cambridge University, the academic also holds a Bachelor of Law degree (LL.B) with distinction from the University of Guyana, a Diploma in banking with distinction from the American Bankers’ Association at Georgetown University in Washington DC and a Legal Education Certificate (LEC) from the Hugh Wooding Law School in Trinidad and Tobago.
Boyce also has double Masters of Law degrees (LL.M), first class, in commercial law (Cambridge Univ.) and international financial law (Harvard Law School).
The intellectual has also worked with the National Bank of Industry and Commerce in Guyana and was later transferred to Republic Bank in Trinidad and Tobago.
He is admitted to practise law in Guyana, Trinidad and Tobago and New York.