A Partnership for National Unity's proposed amendment to the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Bill has drawn ire from many in the business community who view this as an attempt to cause them further suffering at the hands of corrupt police ranks and custom officers. The Granger led APNU proposed that police and customs officers be given the power to stop and search persons, and if such persons are found with $2 million worth of currency or more, that currency can be seized and the persons arrested if the police or customs officer has reasonable suspicion that it is the proceeds of some serious offence or the subject of money laundering.
Those complaining are pointing to the current misuse of the stop and search policy for extortion by police ranks and its effects on the citizenry. They say that APNU's proposal if implemented will be taken advantage of by corrupt ranks. One businessman said it makes very little sense as according to him individuals and organizations that launder money do so with great complexity. He said if APNU can show him a money launderer who walks around with US$10,000 he will show them 'where god is on earth'. The businessman asked "what about the people who buy cars, trucks or buses but owing to how business is done in Guyana they have to take cash; what will happen when the encounter corrupt police ranks?".
source: http://www.newguymedia.com