President Irfaan Ali announced yesterday that in response to the allegations of gold smuggling in Guyana, the government will be setting up a task force to tighten oversight and strengthen the existing system. This comes after sanctions were imposed on the Mohameds and all business ties with them were suspended.
Insight into Government Actions
The government is taking steps to address the issue by involving key officials such as the Minister of Finance, the head of the Guyana Revenue Authority, the Commissioner General, the head of the Financial Intelligence Unit, the Governor of the Central Bank, and the Guyana Gold Board. They will be reviewing the current system and identifying areas for improvement to prevent future incidents of smuggling.
This proactive approach demonstrates the government’s commitment to addressing the issue and ensuring transparency and accountability in the gold industry in Guyana. By involving various agencies and stakeholders, the task force will be able to implement comprehensive measures to strengthen oversight and prevent illicit activities in the sector.
