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Local licensed exporters of gold are not yet feeling the full effects of Guyana being blacklisted by the Caribbean Financial Action Task Force (CFATF).But, they are awaiting the inevitable if Government and the Opposition Parties in the National Assembly do not compromise and approve the Anti-Money Laundering and Countering the Financing of Terrorism (Amendment) Bill.Because Guyana did not amend its Anti-Money Laundering and Countering the Financing of Terrorism legislation by the November deadline set by CFATF it was blacklisted. Business entities are fearful of stringent measures overseas partners would take when doing business with Guyana.According to a major city gold exporter,Cheap Sports Jerseys, his business has not been negatively impacted by Guyana’s blacklisted status. The exporter explained that the usual process of selling gold to overseas companies and having the payments wired to his business’ corporate account has neither changed nor experienced any delays.However, other exporters,Deion Jones Falcons Jersey, not only in the gold business,Andre Branch Dolphins Jersey, are experiencing delays in receiving payments. The delays are not lengthy but the three to four-day delays are impacting their operations.Besides the psychological trauma of wondering if one’s goods would be returned,Wholesale Authentic Jerseys, exporters are bombarded with constant phone calls from suppliers for money.According to an exporter, since Guyana has been blacklisted there have been delays in receiving payments from overseas buyers. Whenever this occurs,NFL Jerseys From China, suppliers also have to wait more days to receive their payments and this suffers their operations,Fernando Rodney Jersey, he added. |