EICCIO Advisors guides businesses on Guyana Compliance Commission Act
The guide discusses how EICCIO Advisors is positioned to help businesses navigate Guyana’s new complex corporate compliance regulatory regime.
EICCIO Advisors, the compliance consulting firm empowering Guyana and the Caribbean’s small and medium-sized businesses (SMBs) to transact and do business in compliance with local laws and global best practices, today announced the release of its easy-to-follow business guide on Guyana’s Compliance Commission Act 2023. On August 3, 2023, the Parliament of Guyana approved the Guyana Compliance Commission Act 2023. The Act received presidential assent on August 16, 2023. The guide identifies critical components of the Compliance Commission Act that businesses must prioritise, with suggestions on how to directly align compliance pillars with business objectives and corporate culture. The guide can be found here: https://eiccio.com/2023/09/02/guyana-compliance-commission-act-2023-a-business-guide/
Information within the guide spans five key compliance pillars:
Policies and Procedures;
Designated Compliance Officer;
Employee training and education;
Internal Monitoring and Governance.
Highlights of the guide include:
The purpose and structure of Guyana’s Compliance Commission;
Covered entities under the Compliance Commission Act;
Internal Audit and Compliance Functions;
Penalties for noncompliance;
Restriction on virtual asset activities and providers in Guyana.
“I am proud to present our easy-to-follow guide on complex compliance requirements, which showcases our deeply rooted desire to make a positive impact on the lives of our clients and their customers,” said Theon Alleyne, Managing Consultant at EICCIO Advisors. “We are taking what is inherent in the Act and making it explicit, prioritizing the critical components of Guyana’s Compliance Commission Act 2023. We value helping our clients maintain their entrepreneurial spirit while implementing and sustaining compliance with the applicable regulations to take advantage of business opportunities.”
About EICCIO Advisors
EICCIO Advisors offer comprehensive compliance and brand omnipresence services, ensuring regulatory excellence and enhanced brand visibility. EICCIO Advisors is a strategic partner in fostering business growth and compliance thanks to the firm’s dedication to success and proven track record.
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No journalist was involved in the writing and production of this article.