Ministerial discretion on oil and gas licences poses corruption risk

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-assessment report

Allowing the minister with responsibility for the oil and gas sector to have discretionary powers in granting prospecting and production licences affords the opportunity for corruption and bribery – a money laundering predicate offence –says the Money Laundering/Terrorist Financing (ML/TF) National Risk Assessment (NRA) report.

The assessment was compiled by the Anti-Money Laundering and Countering the Financing of Terrorism National Coordination Committee. Its work has been hailed by Attorney General Anil Nandlall.


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