As expected, the anti money laundering and countering the financing of terrorism legislation (AML/CFT) has not been passed in the National Assembly. The months of discourse, debate, committee meetings, efforts to compromise, public statements, even a visit by a CFATF official, have not yielded any positive results.
The losers and victims of the failure to pass the legislation will be the people of Guyana. The proposed amendments required a special effort to be flexible. Striking compromises would have been a win-win result for both Government and Opposition and for the people of Guyana. But compromising in Guyana’s politics shows weakness and is regarded as a bad precedent. It is not yet appreciated that compromise can demonstrate statesmanship which the electorate will welcome.






