They also use students to buy “immovable assets” including homes. A study on “Methods of Transferring Assets Outside of China by Chinese Corruptors” suggests that offenders ask relatives, especially their children, to study or work in the places where they live. casinos used foreign high rollers as money-laundering ‘pawns,’ inquiry hearsĪ leaked June 2008 Bank of China report, cited by the Cullen Commission, draws the same conclusion.
While living in Markham, Ont., they were wanted in China for allegedly defrauding 60,000 investors of about $200 million in a pyramid scheme, according to filings in a Federal Court case involving a refugee claim by the parents.ī.C. From about 2012 to 2015, Zhang would funnel at least $33.75 million in electronic funds and cash through Canadian and Hong Kong bank accounts.Īs it turned out, however, the Canada Border Services Agency and Fintrac, Canada’s anti-money laundering watchdog, had long been monitoring Zhang’s movements. It was only one of Zhang’s many multimillion-dollar transactions while attending Coquitlam College. Four months later, Zhang Guanqun purchased an 8,500-square-foot mansion in Coquitlam, B.C., for $2.1 million.
In August 2012, a 19-year-old student from Guangdong arrived from the Dominican Republic to Montreal with $23,800 in euros and U.S. Send this page to someone via email emailĮDITOR’S NOTE: This story has been updated to note that the Interpol Red Notice regarding Wang Zhenhua was rescinded on May 21, 2021, and that certificates of no convictions for Wang and his wife, Yan Chungxiang, were filed in Federal Court.
0 kommentar(er)
