The Special Parliamentary Committee set up to examine and tidy government’s proposed amendments to the law against financial crimes began meeting yesterday as they race to complete work before Guyana is placed on an international blacklist for failing to act.The National Assembly voted last Tuesday to set up the committee,China Jerseys Cheap, though the government is worried it would not be able to complete the work and put Guyana in the embarrassing position of failing to meet obligations to fight money laundering and preventing the financing of terrorism.The legislation under consideration is the Anti-Money Laundering and Countering of Financing Terrorism Act (AMLCFTA).The government is due to defend its efforts to stem financial crimes when the Plenary Meeting of the Caribbean Financial Action Task Force (CFATF) meets in Managua,NFL Jerseys Supply, Nicaragua from May 27 to May 30.The government attempted to force passage of the amendments last Tuesday, but the opposition opposed,Cheap Jerseys Store, saying the legislation is too important to be rushed.Further, the government was chided for bringing the amendments to the House at the last minute. The government was put on notice at least twice before by the CFATF to amend the legislation.The opposition agreed that it will work with the government in getting the amendments passed in the House on May 22, just in time to meet the deadline.Those on the Committee from the government side are Chief Whip Gail Teixeira,Cheap NFL Jerseys, Home Affairs Minister Clement Rohee, Finance Minister Dr. Ashni Singh and Attorney General and Legal Affairs Minister, Anil Nandlall. On the opposition side, Khemraj Ramjattan is representing the Alliance For Change, while A Partnership for National Unity named Deborah Backer, Joseph Harmon, Basil Williams and Carl Greenidge.The CFATF is the Caribbean branch of the Financial Action Task Force (FATF), the international body which examines a country’s efforts to stem money laundering and dictate what new measures need to be enforced.In the third round Mutual Evaluation Report, which was adopted by the CFATF Council of Ministers in May 2011 in Honduras,Cheap Jerseys Free Shipping, Guyana was placed on expedited follow-up and required to report every Plenary.Guyana was rated partially compliant or noncompliant on 16 Core and Key Recommendations and 25 other Recommendations.Among recommendations at that time, as was the case in the previous review,Wholesale Jerseys Free Shipping, Guyana was asked to amend money laundering offences in the AMLCFTA to include “assisting any person who is involved in the commission of such an offence or offences to evade the legal consequences of his actions” in accordance with the Vienna and Palermo Conventions against financial crimes.The committee had noted that since the amendment process takes approximately six to eight months, the authorities advised that the necessary Bills should be drafted and presented to Parliament by March 31, 2013.However, the government did not meet that deadline and hence the rush to complete the amendments before the Managua review.