“The two men are each facing a charge under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.”
Two men are scheduled to appear at the Montreal courthouse early next month where they face charges alleging they illegally moved more than $20 million in funds from Canada to Algeria.
“The two men are each facing a charge under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act for operating an unregistered money services business,” the RCMP said in a statement on Thursday.
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The two men, Said Aimeur, 55, of Laval, and Nesreddine Atoui, 58, of Montreal, were charged through a summons on Nov. 20. Their first day in court is scheduled for Dec.1.
The RCMP says the two individuals “allegedly used a scheme to collect and move funds clandestinely from Canada to Algeria, mainly via China.”
“The investigation was conducted by Integrated Proceeds of Crime (IPOC) and focused on a 13-month period. It began in December 2021, when IPOC received information from the Financial Transactions and Reports Analysis Centre (FINTRAC) related to suspicious banking transaction statements.”
They face imprisonment for up to five years and/or a fine of up to $500,000.
Source : Montrealgazette
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