INews has been reliably informed that the Special Organised Crime Unit (SOCU) on Friday morning seized more than $16 million in foreign and local currencies as the agency steps up operations to address money laundering in Guyana.
According to information, the unit conducted operations at four locations on the East Bank and East Coast Demerara but the money was unearthed at two houses at ECD.
INews understands that close to US$80,000, G$1 million and a quantity of $TT were seized in two separate homes belonging to prominent businesspeople.
The money was detained pending investigations into money laundering while a man and woman were arrested and are assisting with investigations.
Guyana’s Anti-Money Laundering and Countering of Financing Terrorism Act allows persons to have in their possession US$10,000 with a good reason to do so.