Duo to be charged after corporate bank accounts allegedly used to launder scam proceeds

{"Investigation Details":"The investigation revealed that the man, 35, provided corporate secretarial services to clients and recruited two people to serve as directors for two companies. One of the two was asked to open a corporate bank account and the other was told to give up control of a corporate bank account. The woman, 42, was appointed a local director of several companies and took control of other accounts. Investigations established that the man and woman had reasonable grounds to believe they were involved in an arrangement facilitating the retention or control of benefits from criminal conduct on behalf of unknown persons.","Account Activity":"One of the accounts received over $300,000 in various currencies from fraud and investment scams targeting foreign victims. Another bank account controlled by the woman received almost $164,000 in investment scam proceeds from a foreign victim. The woman allegedly cashed a cheque for $430,700 and gave the cash to an unknown associate of the Russian man.","Legal Implications":"The man is slated to face 14 charges, including abetting local directors of companies to not exercise reasonable diligence in exercising their duties. The woman is expected to face eight charges, including transferring property reasonably suspected to be benefits of criminal conduct. The police advised the public to be cautious about taking on directorships in companies they have no knowledge of and to be cautious of opening corporate bank accounts and passing control of these accounts to unknown third parties."}