THE BARBADOS GOVERNMENT is spending big bucks to ensure it has the right systems in place to fight money laundering and terrorism financing within our shores.
So serious is the Freundel Stuart Administration that two weeks ago the Cabinet agreed to hire attorney at law Guyson Mayers for 15 months and pay him $300 000 to lead the effort.
And it has set aside almost as much to support the exercise, including spending $224 000 to purchase “technical tools” from the World Bank to get the job done.
Mayers, a former acting director of the Financial Intelligence Unit (FIU), will oversee the National Risk Assessment and Mutual Evaluation Exercise of the Anti-Money Laundering and Counter Financing of Terrorism Regime of Barbados. (RRM)
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