Financial institutions in Guyana are guided by Anti-money laundering/countering the finance of terrorism (AML/CFT) legislation & regulations in requiring certain documents from customers when opening accounts and transacting business.
To open an account, a customer must establish their true identity. Institutions must be able to determine that a customer’s identity is not fictitious, that is, the customer is who he/she claims to be.
Guyana Association of Bankers is an non-profit organization dedicated to improving banking practices and providing constructive representation, advocacy, and counsel for the financial sector. The Association aims to improve banking sector for all stakeholders with an emphasis on increasing public knowledge about financial services.