Two individuals charged with operating an illegal currency exchange business

November 23, 2023
Montréal, Quebec

News release

The RCMP announces charges against two individuals who allegedly made illegal monetary transactions totalling more than $20 million. Said Aimeur, 55, of Laval, and Nesreddine Atoui, 58, of Montréal, allegedly used a scheme to collect and move funds clandestinely from Canada to Algeria, mainly via China.

The 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.

The two men 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 December 1.

Appeal to the public

Do you have information on the illegal activities of individuals or groups of individuals? Contact the RCMP at 514-939-8300/1-800-771-5401 or your local police department.


Contact information

Communications Office

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