‘Banks guided by strict regulatory obligations’ – GABI 

The Guyana Association of Bankers Inc (GABI), in a statement, has clarified that all licensed commercial banks in Guyana are guided by strict regulatory obligations, critical to the preservation of the financial system’s integrity. 

The statement from the association comes as the We Invest in Nationhood (WIN) political party has called for the boycott of two commercial banks. The party is led by United States-sanctioned businessman, Azruddin Mohamed, and candidates of the party have been faced with account closures as a means of de-risking by the banks.

See below the full statement issued by GABI: 

The Guyana Association of Bankers Inc. (GABI) wishes to remind the public that all licensed commercial banks in Guyana operate within a framework of national laws and international standards.

Banks are guided by strict regulatory obligations, including Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) requirements, as well as global risk management practices. These standards are critical to preserving financial system integrity, protecting depositors, and ensuring continued access to international financial markets.

GABI remains committed to supporting a strong, inclusive, and compliant banking sector that serves the best interests of the Guyanese people and economy.

We thank the public for its continued confidence in the banking system and reaffirm our dedication to professionalism, transparency, and national development.