Former currency exchange owners accused of defrauding major banks to launder more than $40-million from Middle East

theglobeandmail.com/business/article-canex-forex-kevin-saba-sarrafi-rcmp-money-laundering-middle-east

Two cousins have been accused of defrauding Canada’s major banks in order to launder more than $40-million from the Middle East through their currency-exchange business, which was popular among Iranian Canadians in cities such as Vancouver and Calgary.
The defunct Canex Forex Ltd. and…

This story appeared on theglobeandmail.com, 2025-06-30 23:43:57.
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