$52M seized as Chinese National slapped with money laundering charges

Chinese national YING Xin Su, a 30-year-old travel agent who had previously been charged with unlawful possession of firearm and ammunition, was on Thursday arraigned in the Georgetown Court of Acting Chief Magistrate Faith McGusty on seven charges of money laundering instituted by the Special Organised Crime Unit (SOCU).

YING has not been required to plead to the indictable charges, and has been placed on bail in the sum of $1.5M ($1,500,000) on each charge. The charges indict her of being in contravention of Section 3 (1) (c) of the Anti-Money Laundering and Countering the Financing of Terrorism Act, Chapter 10:11.
YING Xin Su has also been arraigned on Thursday in the Diamond court of Principal Magistrate Judy Latchman on one count of money laundering – for which she has been placed on $200,000 bail.
All these cases have been adjourned to April 17, 2025.
Investigations done by SOCU have revealed that, on July 9, 2024, members of the Guyana Police Force searched Ying’s room at the Princess Ramada International Hotel at Providence, East Bank Demerara for gold she was suspected to be smuggling, and found GY$52 million, US$5,480.00, Bar$97.00 and SR$662.00. They also found an illegal firearm and ammunition.
A summary of all the charges has revealed that Su acquired or possessed several properties and motor vehicles knowing, or having reasonable grounds to believe, that the said properties and motor vehicles were derived, in whole or in part, directly or indirectly, from proceeds of crime, which amounted to money laundering.
According to SOCU Head, Deputy Commissioner Fazil Karimbaksh, the money laundering investigations had been ongoing for the past eight months, and now is the opportune time to institute charges.