Managers at three government liquor stores in the Lower Mainland were told to watch for potential money laundering during Premium Spirit Release event.
Suspicious cash transactions went unreported during big-ticket liquor promotion - BC News castanet.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from castanet.net Daily Mail and Mail on Sunday newspapers.
Canadian Experts Suggest Criminals May Be Using Auto Dealers To Launder Dirty Money carscoops.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from carscoops.com Daily Mail and Mail on Sunday newspapers.
Link Between Canadian Auto Sales, Money Laundering Probed “You can ask, ‘Where did they get the cash?’” says Bob Pierce of the Used Car Dealers Assn. of Ontario. “But salespeople are not detectives. We have not trained them to be, and nor should we.”
OTTAWA – A public inquiry in British Columbia, Canada, has increased concerns about how criminal networks may be exploiting auto dealers to launder dirty money.
Purchasers can be prepared to pay high prices for vehicles in cash, with dealers struggling to identify the source of these funds. Also, corrupt dealers or purchasers may export or import autos at excessively high or low prices to transfer value through profits or loss.