18 Mar, 2025

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Mohameds’ Gold Trading and Cambio Businesses Stalled, but Government Reluctant to Seize Firearms

The sanctions exerted a penetrating effect on Mohameds Enterprises. Within 48 hours of the announcement of the sanctions, the Bank of Guyana revoked the Cambio license of the Mohameds. Although their gold dealer license has not been revoked, this publication understands that the Guyana Gold Board has subsequently suspended doing business with the Mohameds. The Government of Guyana, however, has expressed that they will proceed with caution from here on and has no immediate plans to seize the firearms or revoke the firearm licenses of the Mohameds.