AML/CFT compliance is a critical component of any financial institution's operations. The goal of AML/CFT compliance is to prevent financial institutions from being used for illegal activities, such as money laundering and terrorist financing. The AML compliance framework is comprised of several key components, which are known as the "pillars" of AML compliance.

KYC (Know Your Customer) and CDD (Customer Due Diligence) are two important practices that financial institutions and other regulated companies use to ensure compliance with laws designed to prevent money laundering and other financial crimes. While there are many similarities between these two practices, they are not the same thing and it is important to understand the differences between them.

Over the years, Guyana’s AML/CFT regime, along with the work of the AML Compliance Officer has been steadily evolving, n keeping with changing local legislation and international good practices. Explore with us as we go through the history of AML/CFT in Guyana and the work of the AML/CFT Compliance Officer, from the days before the AML/CFT Act 2009 to the present state of AML/CFT compliance in Guyana.