Caribbean News

A recent evaluation of Guyana’s anti-money laundering and counter-terrorism financing (AML/CFT) systems reveals significant progress but highlights ongoing challenges. The report was published by the Caribbean Financial Action Task Force (CFATF) following an on-site visit in September 2023. Guyana was commended for efforts in conducting comprehensive risk assessments across various sectors, including non-profit organizations and
The post Guyana’s Anti-Money Laundering and Counter-Terrorism efforts show progress, but gaps remain – report appeared first on News Room Guyana.

By Vishani Ragobeer in Shandong vishani@newsroom.gy The Shandong province in China has been undergoing rapid development, evidenced by its substantial economic growth. As Guyana undergoes its own rapid transformation, the province and the South American nation are looking at ways to learn from each other and foster further, mutual growth. “We are good partners through
The post Guyana & China’s Shandong province pushing more trade, cultural ties appeared first on News Room Guyana.

A nine-member Guyanese boxing team departed today for St. Lucia to compete in the Organisation of Eastern Caribbean States (OECS) Boxing Championship. The tournament commences and concludes on Sunday. The Guyanese squad, led by national coach Lennox Daniels, features a mix of experienced and young boxers. The team comprises Abiola Jackman (heavyweight, Elite), Alesha Jackman
The post Guyanese boxers head to St. Lucia for OCES Championships appeared first on News Room Guyana.

The Government of Guyana on Wednesday announced its third withdrawal for the year from the Natural Resource Fund (NRF), amounting to US$300 million. This withdrawal was made pursuant to the Natural Resource Fund (NRF) Act 2021, as amended by the Fiscal Enactments (Amendment) Act 2024, following parliamentary approval. According to a statement from the Ministry
The post Gov’t withdraws US$300M from Natural Resource Fund in 3rd transfer for 2024 appeared first on News Room Guyana.

The Bar Council of the Bar Association of Guyana on Wednesday issued a statement addressing recent public statements, particularly on social media, which have included personal attacks against judicial officers involved in ongoing or past court proceedings. The Bar Council emphasized the need for responsibility when making public statements concerning the administration of justice and
The post Lawyers condemn personal, social media attacks on judicial officers; warns of legal consequences appeared first on News Room Guyana.

The 16th annual Guyana Cup Day, one of the nation’s biggest horse racing events, continues to attract major sponsors.  Slated for Sunday, August 11, at the Rising Sun Turf Club (RSTC), the event promises a thrilling day at the races. Adding their names to the growing roster of supporters are real estate giant Century 21,
The post Guyana Cup gallops closer with more corporate support appeared first on News Room Guyana.

Guyana’s eight-member junior chess team returned home after a successful showing at the 34th Pan-American Youth Chess Championship. The young players impressed, accumulating a combined total of 25.5 points. The US Chess Federation, the Confederation of Chess for the Americas, and Rosen Shingle Creek organized the event, which was held in Orlando, Florida, from July
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See below the full statement issued:   Scotiabank has expanded its digital offerings and, using its proprietary application technology, can help clients elevate their retail shopping experience through self-checkout, cashless kiosks. Clients can now accept and process payments through self-check and kiosk services. This payment solution provides clients with seamless, self-sufficient technology that allows their
The post Scotiabank introduces retail self-checkout, cashless kiosks appeared first on News Room Guyana.

President, Dr Irfaan Ali on Wednesday announced plans to enhance the working conditions for some 500 fisherfolk at Mon Repos, along the East Coast Demerara (ECD). The Head of State met with the fishermen and women in the community, where a number of crucial issues were addressed. A construction project for an access road is
The post With Pres. Ali’s intervention, crucial issues affecting Mon Repos fisherfolk to be addressed appeared first on News Room Guyana.

In a recently published report by the Caribbean Financial Action Task Force (CFATF), Guyana was acknowledged for its substantial advancements in understanding and addressing risks related to money laundering and terrorism financing. While Guyana has made significant strides in addressing AML/CFT risks and has a robust legal framework, the report noted clear areas for improvement
The post Guyana recognized for progress in combating money laundering, terrorism financing appeared first on News Room Guyana.