Latest update April 19th, 2024 12:59 AM
Jul 16, 2015 News
Minister of Governance, Raphael Trotman, told the media fraternity yesterday that before President David Granger departed for his trip to Ethiopia last week, he assented to three Bills that were passed by the National Assembly. These are the Former Presidents (Benefits and Other Facilities) Bill; the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) (Amendment) Bill and the Constitutional (Amendment) Bill.
As it relates to the AML legislation, Trotman said that the Minister of Legal Affairs, Basil Williams told Cabinet that there are some regulations which accompanied that Act.
Trotman said that Government is currently in the process of reviewing them and inviting stakeholders to better chart the way forward in this regard.
As for the Former Presidents (Benefits and Other Facilities) legislation, Trotman explained that the Granger administration has no intention of recouping what was already spent.
He noted, however, that Finance Minister, Winston Jordan, will be guided by the current legislation. He said that this simply means that the benefits and other facilities awarded to the former Presidents will be capped.
He reminded that under the new laws, former Presidents will now be given $25,000 per month to cover bills for each of three utilities; electricity, water and telephone.
The new AML laws will strengthen the government’s capacity to fight money laundering and the financing of terrorism while the Constitutional Legislation will provide various state agencies and other statutory bodies with the power needed to manage their own finances.
Where is the BETTER MANAGEMENT/RENEGOTIATION OF THE OIL CONTRACTS you promised Jagdeo?
Apr 19, 2024
SportsMax – West Indies Women’s captain Hayley Matthews delivered a stellar all-round performance to lead her team to a commanding 113-run victory over Pakistan Women in the first One Day...Kaieteur News – For years, the disciples of Bharrat Jagdeo have woven a narrative of economic success during his tenure... more
By Sir Ronald Sanders Waterfalls Magazine – On April 10, the Permanent Council of the Organization of American States... more
Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.
Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]