Public Statements & Warnings

Public Statement No. 5 of 2014 (May 13, 2014)

The Turks and Caicos Islands Financial Services Commission ("The Commission") considers it necessary to issue this public statement in relation to Guyana.

On May 29, 2014, The Caribbean Financial Action Task Force (CFATF) issued a "CFATF Public Statement" as a successor to the CFATF Public Statement issued November 20, 2013. This Public Statement identifies Guyana as having significant strategic deficiencies in their AML/CFT regime and having failed to make significant progress in addressing the deficiencies. Guyana has not complied with their Action Plan developed with the CFATF to address these deficiencies. The CFATF considers Guyana to be a risk to the international financial system.

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