City banks freeze accounts- Customers furious.

Georgetown: Most of the banks froze their customer accounts who failed to update their personal information as required by the Money  Laundering Act. The Banks were mandated to carry out this exercise as Government move to clamp down on money laundering in tne country. However, most of the people who are now angry and inconvenienced are the one who updated their information months ago and kept within the regulation of the Banks, Despite this these customers has their accounts frozen. Confusion broke out at some banks last week since many were inconvenienced and turned up at the ATM machine to find their accounts frozen.