CONCERNS RAISED IN CANADA ABOUT MONEY LAUNDERING AND AUTO SALES
April 1st, 2021
A PUBLIC inquiry in British Columbia, Canada, has increased concerns about how auto dealers maybe exploited by criminal networks 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, autos maybe exported or imported by corrupt dealers or purchasers at excessively high or low prices to transfer value through profits or loss.
Prof John Zdanowicz, a business professor at the USA’s Florida International University, and a trade-based money laundering (TBML) ...
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