Two Quebec men charged with financing terrorism and laundering more than $20M
Two Quebec men accused of money laundering and financing terrorism have been arrested in an alleged scheme to collect and move funds clandestinely from Canada to Algeria, mainly via China. The illegal monetary transactions totalled more than $20 million.
Said Aimeur, 55, of Laval, and Nesreddine Atoui, 58, of Montréal, were arrested after an 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.
Aimeur and Atoui are each facing a charge under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act for operating an unregistered money services business. They face imprisonment for up to five years and/or a fine of up to $500,000.
They are scheduled to appear at the Montréal courthouse on Dec. 1.
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