Hacker News Reader

https://globalnews.ca/news/4149818/vancouver-cautionary-tale...

This is really disturbing.

Ya....a coworker of mine recently had to return to China to bring his retirement money back to canada. I'm not sure of the details of how he went about doing that. Does the limit apply to physically bringing currency back also? I'd ask my coworker but he doesn't speak English and I don't speak Cantonese.

I understand that there’s a yearly limit on how much you can bring over per person.

Lots of evasion tactics:

hiring mules to use their limits.

finding someone that needs to send money to China, then you can make 2 domestic payments and everything is settled.

Buying goods in a China for export, then accepting payment into your western accounts.

I know it's fiction, but the show "Ozark" on Netflix shows as interesting adaptation of money laundering through casinos and real estate.

Ozark is great instructional material to understand Trump Enterprises.