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Daily Archives: June 19, 2015

More than GUY$10 million in your possession could soon be seized

If the newly-elected government gets its way, Guyanese in possession of more than GUY$10 million could have their cash seized if reasonable grounds are established when amendments to the money laundering law are passed. Using its simple majority of 33 seats in the National Assembly, government is expected approve the 2009 Anti-Money Laundering Act that would empower police and customs ...

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CGX granted oil exploration extension; unfazed by Venezuela’s recent maritime claim

The Canada-based oil exploration company, CGX Energy, says Guyana on Thursday granted an extension on its work commitment on the Corentyne Block offshore the South American country. The company also says that Venezuela’s recent unilateral extension of its maritime boundary to take in all the waters off the Essequibo Coast in no way impacts on its concession located in the ...

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Government to file response in ‘PSC order’ court case

by Zena Henry The lawyer for Junior Minister of Social Protection, Simona Broomes is expected to file a response against the court challenge opposing an alleged order that she gave to the Public Service Commission (PSC) concerning the appointment of persons to the newly formed ministry. People’s Progressive Party (PPP) candidate, Attorney – at – Law Euclin Gomes, more than ...

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DEA to beef up presence in Guyana

The United States’ (US) Drug Enforcement Administration (DEA) is working towards strengthening its presence in Guyana even as its existing operations bears fruit, says Chargé d’ Affaires of the US Embassy in Guyana, Bryan Hunt.  “At the moment their presence are short-term personnel who rotate through the office…the DEA at this stage is in the process of identifying full-time personnel ...

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Forest industry businessman shot, robbed

A wood exporter was Friday shot and robbed of GUY$2 million by armed bandits at North Ruimveldt, Georgetown, police said. The victim has been identified as 67-year old Reginald Manbodh, a one-time executive member of the Forest Producers Association. Investigators said that about 12:45 PM, he had just returned home in his motor vehicle at North Ruimveldt, Georgetown, when he was ...

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US thumbs up amendments to money laundering law; opposition shocked

Chargé d’ Affaires of the United States (U.S.) Embassy in Guyana, Bryan Hunt, says amendments to the anti-money laundering legislation the coalition government is preparing to table in the National Assembly will make Guyana compliant with international requirements. The legislation – the Anti-Money Laundering Countering the Financing of Terrorism (CFATF) (Amendment) Bill – was among several matters Hunt discussed with Legal ...

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Foreign help will be sought to track stashed out-of-State assets- Finance Minister

by Zena Henry Minister of Finance Winston Jordan has noted says international assistance will be required to track State assets that might have been stashed outside of Guyana. The A Partnership for National Unity+ Alliance for Change (APNU+AFC) government believes that under the People’s Progressive Party (PPP), the system became extremely corrupt with State finances and other assets being siphoned ...

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Court says Williams’ youth director ID for PSC determination

by Zena Henry Chief Justice Ian Chang has placed a temporary hold on the appointment of Alliance for Change (AFC) member, Trevor Williams as Director of Youth, ordering that his appointment to the public officebe determined by the Public Service Commission (PSC). Williams will have to explain to the court why it should not make absolute a rule nisi order ...

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