|
No. |
Reporting Entities/Activities and Businesses | Supervisory Authority |
Date of Appointment |
|
1 |
Acceptance of deposits and other repayable funds from the public. (Commercial Banks) |
Governor, Bank of Guyana |
14/08/2009 |
| 2 |
Lending, including consumer credit, mortgage credit, factoring (with or without resource) and financing of commercial transactions. (Commercial Banks) |
Governor, Bank of Guyana |
14/08/2009 |
| 3 |
Issuing and administering means of payment (such as credit cards, travelers cheques and bankers’ drafts). (Commercial Banks) |
Governor, Bank of Guyana |
14/08/2009 |
| 4 |
Guarantees and commitments. (Commercial Banks) |
Governor, Bank of Guyana |
14/08/2009 |
| 5 |
Dealers in foreign currency, money exchangers e.g. Cambios. |
Governor, Bank of Guyana |
14/08/2009 |
| 6 |
Trading for own account or for account of customers in money market instruments (such as cheques, bills, certificates of deposit), foreign exchange, financial futures and options, exchange and interest rate instruments, and transferable securities. (Securities Companies) |
Guyana Securities Council |
14/08/2009 |
| 7 |
Underwriting share issues and participation in such issues. (Securities Companies) |
Guyana Securities Council |
14/08/2009 |
| 8 |
Advice to undertakings on capital structure, industrial strategy and related questions, and advice and services relating to mergers and the purchase of undertakings. (Securities Companies) |
Guyana Securities Council |
14/08/2009 |
| 9 |
Money-broking. (Securities Companies) |
Guyana Securities Council |
14/08/2009 |
| 10 |
Portfolio management and advice. (Securities Companies) |
Guyana Securities Council |
14/08/2009 |
| 11 |
Safekeeping and administration of securities. (Securities Companies) |
Guyana Securities Council |
14/08/2009 |
| 12 |
Venture risk capital. (Securities Company) |
Guyana Securities Council |
14/08/2009 |
| 13 |
Unit trusts.
|
Guyana Securities Council |
14/08/2009 |
| 14 |
Insurance Business, domestic & international/underwriting and placement of life insurance and other investment-related insurance, as well as insurance intermediation by agents and brokers. |
Governor, Bank of Guyana |
20/12/2012 |
| 15 |
Financial Leasing |
Governor, Bank of Guyana |
20/12/2012 |
| 16 |
Money Transfer Agencies |
Governor, Bank of Guyana |
20/12/2012 |
| 17 |
Trust Company |
Governor, Bank of Guyana |
20/12/2012 |
| 18 |
Payment Service Providers |
Governor, Bank of Guyana |
16/08/2023 |
| 19 |
Financial Inclusion and Payment Service Providers and Operators |
Governor, Bank of Guyana |
16/08/2023 |
| 20 |
Virtual Assets and Virtual Assets Service Providers |
Supervisory Authority to be appointed |
|
|
No. |
Reporting Entities/Activities and Businesses |
Supervisory Authority |
Date of Appointment |
| 1 |
Casinos |
Gaming Authority |
20/12/2012 |
| 2 |
Lotteries |
Gaming Authority |
07/12/2016 |
| 3 |
Betting Shops |
Gaming Authority |
17/06/2018 |
| 4 |
Real Estate Agents, Brokers, Dealers, Valuers and Housing Developers |
Real Estate Agents Authority[1] |
16/08/2023 |
| 5 |
Dealers in precious and semi-precious stones when the persons dealing engages in any cash transaction with a customer equal to or above $2m. (Diamond Dealers) |
Guyana Geology and Mines Commission |
20/12/2012 |
| 6 |
Dealers in precious metals/buying or selling of gold bullion when the persons dealing engages in any cash transaction with a customer equal to or above $2m. (Gold Dealers) |
Guyana Gold Board |
20/12/2012 |
| 7 |
Attorneys-at-law when they prepare for or carry out transactions for their client concerning the following activities: (a) buying and selling of real estate; (b) managing of client money, securities or other assets; (c) management of bank, savings or securities accounts; (d) organisation of contributions for the creation, operation or management of companies; or (e) creation, operation or management of legal persons or arrangements, and buying and selling of business entities. |
Guyana Compliance Commission |
16/08/2023 |
| 8 | Commissioner of Oaths to Affidavits | Guyana Compliance Commission |
16/08/2023 |
| 9 |
Accountants and Auditors when they prepare for or carry out transactions for their client concerning the following activities: (a) buying and selling of real estate; (b) managing of client money, securities or other assets; (c) management of bank, savings or securities accounts; |
Guyana Compliance Commission |
16/08/2023 |
[1] To be transitioned from Guyana Revenue Authority
Supervisory authorities are designated competent authorities with responsibilities aimed at ensuring compliance by reporting entities with the requirements of the AML/CFT legislation to combat money laundering and terrorist financing.
Below is a list of supervisory authorities and their respective reporting entities:
Supervisory Authority |
Reporting Entities |
| Governor, Bank of Guyana |
|
| Guyana Securities Council |
|
| Guyana Gold Board |
|
| Guyana Geology & Mines Commission |
|
| Guyana Revenue Authority |
|
| Departments of Cooperative & Friendly Societies |
|
| Guyana Compliance Commission |
|
| Real Estate Agent Authority |
|
[1] To be transitioned to the Real Estate Agent Authority