Opinion

By Ameenah Gurib-Fakim and Stefan Löfven* It is our belief that work is the foundation for people and societies to grow.  With a decent income, work can pave the way for broader social and economic advancement, strengthening individuals, their families and communities. Yet technology, demography, climate change and globalization are transforming work more quickly, more profoundly and on a greater scale ...

by GHK Lall Right before the stunned eyes of this nation a real life film noir unfolds with one sizzling development after another, and with alarming frequency.  Other than for the impacted principals, especially the grieving family society yawns in disbelief and with some disinterest.  It has seen so much sleaze at all levels and for so long that it ...

by GHK Lall The more I study anti money laundering requirements, the more I come to see the entire process as representative of a new imperialism.  In practice and result, this can also be viewed as the face of bloodless 21st century coups d’état; the changes are mental and operational, not physical.  To use Cold War language, it is the ...

Statement by Dr. David Hinds on the 37th anniversary of the assassination of Dr. Walter Rodney Rodney, the exemplar of Social Justice activism and People’s Power. As we remember Walter Rodney on another June 13, we again honour the life and contributions of a product of our Guyana and Caribbean who gave hope to tens of thousands that a Guyana ...

by GHK Lall There is increasing concern for that which is taking shape in this society.  Taking shape runs the risk of some understatement, as foundation, superstructure, and roof are all in place, and poised to experience reinforcements.  For in 2017 Guyana, there is already something of an aberration in operation, and an oxymoron in clashing encroaching stride; and if ...

A risk- based approach has an important role in financial institutions in relation to Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT). Bank of Guyana (BOG) Supervision Guideline 13 states, “ the FATF (Financial Action Task Force) in its revised forty recommendations plus nine special recommendations on AML/CFT recommended that financial institutions adopt a risk-based approach to customer due ...

Reference is made to the Demerara Waves online article of May 22nd, captioned “PM’s luxury ride raises eyebrows in Parliamentary Committee.”  I must admit that it did a little more than that for me: it caused the eyes to glaze over slightly.  Not again!  Not one more of these uncalled for, avoidable errors in management, in judgment, and in political ...

The Bank of Guyana (BOG) Supervision Guideline No.13 states that money laundering means: “A person commits the offence of money laundering if he knowingly or having reasonable grounds to believe that any property in whole or in part directly or indirectly represents any person’s proceed of crime…” It should be noted that “money laundering process” is continuous since illicit money ...

“Jesus Christ is the same yesterday and today and forever.” – Hebrews 13:8 Much energy has been spent by Barbadian leaders and professionals recently on litigation, political wrangling, poor decision making, questionable management, ego massaging, internal quarrels, media messaging and conflicting advice regarding national economic issues. If we spend this energy constructively kick-starting the Barbados economy,  then the engine of ...

by GHK Lall Tax has to be among the most hated words in this country.  It ranks right up there among the some real detestable things and people.  Not surprisingly, the earlier announcement of a flurry of taxes has brought tears (some onion induced); terrors (on potential exposures); and tumult (what new dispensation?) over being called upon to pay.  As ...