type RRR
Legacy Member
just wondering what is going on ?
im about to sell two cars ( cash sale in person )....to 2 different buyers ( montreal- ottawa ) and all goind to Africa
money laundering ?
It appears to be a money laundering scam used to transfer cash from Canada out of the country :
http://www.nytimes.com/2011/12/16/w...s-helped-hezbollah-money-laundering.html?_r=1
In February, after a six-year investigation by the Drug Enforcement Administration, the Treasury Department forced the closing of the Lebanese Canadian Bank and the sale of its untainted assets to a new owner.
It charged the bank with assisting a handful of account holders in a scheme to wash drug money for Colombian cartels by mixing it with the proceeds of used cars bought in the United States and sold in Africa. The government said that the cash was then flown to Lebanon and deposited first into exchange houses named in Thursday’s civil suit and then into the Lebanese Canadian Bank, with Hezbollah taking a cut of the profits
"Dirty" cash can't be exported without flagging the government. The "dirty" cash is used to buy legit cars. The cars are then legally exported to other countries and sold. The proceeds sales are now "clean"/legit cash which can be moved around
im about to sell two cars ( cash sale in person )....to 2 different buyers ( montreal- ottawa ) and all goind to Africa
money laundering ?
It appears to be a money laundering scam used to transfer cash from Canada out of the country :
http://www.nytimes.com/2011/12/16/w...s-helped-hezbollah-money-laundering.html?_r=1
In February, after a six-year investigation by the Drug Enforcement Administration, the Treasury Department forced the closing of the Lebanese Canadian Bank and the sale of its untainted assets to a new owner.
It charged the bank with assisting a handful of account holders in a scheme to wash drug money for Colombian cartels by mixing it with the proceeds of used cars bought in the United States and sold in Africa. The government said that the cash was then flown to Lebanon and deposited first into exchange houses named in Thursday’s civil suit and then into the Lebanese Canadian Bank, with Hezbollah taking a cut of the profits
"Dirty" cash can't be exported without flagging the government. The "dirty" cash is used to buy legit cars. The cars are then legally exported to other countries and sold. The proceeds sales are now "clean"/legit cash which can be moved around
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