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I study at Vancouver UBC and rented a room in a house in the nearby area. I could tell that the Canadian government has started to investigate the corrupted $ b
by coygui 10y ago
I study at Vancouver UBC and rented a room in a house in the nearby area. I could tell that the Canadian government has started to investigate the corrupted $ because one day a government official came to "my house" and asked the information about the previous landowner. It seemed that he used the corrupted $ to buy the real estate and make more $
- ChuckMcM 10y agoI'll just say if you're using house sales in Vancouver or the Bay Area to launder your money you are really moving a lot of money around. I bought a house for cash in Las Vegas after the crash and the bank never once asked where I got the funds to do so. I'm pretty sure they were supposed to.
- djrogers 10y ago> I bought a house for cash in Las Vegas after the crash and the bank never once asked where I got the funds to do so. I'm pretty sure they were supposed to. Umm, no. It only. I, but that's frightening. You have a right to privacy in a private transaction like that. Where you will run in to a ton of questions is when you use a big chunk of money for a down payment on a mortgage. In that case the bank wants to make sure you didn't borrow the down payment and get in over your head.
- pjc50 10y agoThe US has no general right to privacy, and all large transactions are potentially notifiable to the anti-money-laundering authorities. This is what HSBC got in a lot of trouble for not doing.
- djrogers 10y agoAny notification would go as far as that - simple notification of a transaction. There's no requirement for the bank to investigate the source of your funds as part of a private transaction.