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Gov’t to tighten gold regulations -President – Stabroek News

-task force to be set up

President Irfaan Ali yesterday stated that even as government awaits information on the allegation of the smuggling of some 10,000 kilograms of gold out of Guyana which led to sanctions on the Mohameds, it was already looking at tightening oversight here to bring “greater rigidity.”

 Announcing that government has since suspended all business ties with the Mohameds, he said that the information from US will help to assist and guide the local probe.

“Minister of Finance, the head of the GRA (Guy-ana Revenue Authority, its Commissioner General, head of the FIU (Financial Intelligence Unit), the Governor of the Central Bank, and the Guyana Gold Board, are the looking at the existing system and to look at areas that they can further work on strengthening,” Ali yesterday told a press conference at State House.

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