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OPINION: The Power of Sharing

THE POWER OF SHARING – BASIL SPRINGER COLUMN WHICH APPEARED IN THE BARBADOS ADVOCATE’S BUSINESS MONDAY ON FEBRUARY 5, 2018 “The one who blesses others is abundantly blessed; those who help others are helped.” –  Proverbs 11:25  Last week’s column fleshed out ” The Work Your ‘Land'” solution to Challenge # 4 – Earning Money,  the fourth of eight challenges, ...

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OPINION: ‘Trafficking In Persons’ is a major road traffic problem

‘Trafficking in Persons’ is increasingly becoming a major road traffic in problem in Guyana. Minibus operators, by and large, see passengers as cargo waiting to be moved from one location to another at all cost. At the many parks especially in Georgetown, the touts, drivers and conductors can be seen grabbing anyone giving the slightest indication that he or she ...

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The Dominant Party Mentality in Guyana’s Politics

by  Dwayne Wong (Omowale), Contributor . Reproduced from the Huffington Post Dwayne is the author of several books on African and African Diaspora history. I explained in One Caribbean and Other Essays that one of issues with Caribbean politics has been a two-party system in which Caribbean countries typically rotate between two corrupt political parties. As George Lemming, the Barbadian author, explained, there ...

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Why a Global Commission on the Future of Work?

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 ...

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Opinion: A local potboiler of soap opera proportion

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 ...

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Opinion: Anti money laundering the new imperialism

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 ...

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A growing military bureaucratic complex 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 it is neither ...

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Money Laundering: Developing a risk-based framework by Sharmini Rampersaud

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 ...

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