Guyana Strengthens Judicial Officers Ability to Combat Financial Crime

Richard M.

October 10, 2023

3 minutes read

Guyana’s government started asset recovery training for the judicial officers to boost their capacity to combat crimes related to money laundering and terrorist financing.

Judicial officers of Guyana are undergoing physical and virtual asset-seizing training at the Duke Lodge in Kingston, Georgetown. This will enhance the ability to fight financial crimes locally and regionally. The training will assist them in grasping the complexities of financial crime better. Additionally, the training will cover topics such as the ability to identify, investigate, and prosecute financial crimes. This will ultimately help Guyana to strengthen its judicial officers’ ability to prevent and combat financial crime. Chancellor of the Judiciary (ag), Yonette Cummings, highly emphasised the importance of this training by stating that the Gyana undergoes rapid economic growth, and there is an extreme need for judicial officers to learn how to comply with AML obligations and prevent money laundering.

Local government agencies and the Financial Investigation of the Regional Security System (RSS) Asset Recovery Unit (ARU) are working together on this training. This week’s training includes participants from other state-run agencies, criminal justice organisations, and legal personnel. Attorney General and Minister of Legal Affairs, Anil Nandlall, stated, “It’s a very holistic approach to training and preparing ourselves to meet the modern changes and the modern obligation which Guyana as a nation-state has to discharge at an international and regional level.”

According to Anil Nandlall, this training will boost the capacity of judicial officers, extend regulatory authority controls, and monitor a new area of financial crimes such as cryptocurrency. Asset recovery training shows Guyana’s dedication to fighting money laundering and combating the funding of terrorism and proliferation financing (AML/CFT/PF). This workshop will assist Gyana’s financial institutes in adequately complying with regulatory measures. This training is essential to ensure that Guyana is able to protect its financial system and citizens from financial crimes. Additionally, it will help strengthen Guyana’s international reputation as a country committed to fighting money laundering.

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