Money laundering is a process of disguising the proceeds of crime and integrating it into the legitimate financial system. Fraudsters and war criminals rely heavily on money laundering of their foul money, otherwise, they might get caught and put behind the bars. Simply, it’s an act of faking the origin of money that is obtained from illicit works to have come from legal sources.
Tony Abi Saab, a Lebanon-native who deals in arms internationally through his company Brescia Middle East (BME) has mastered in fraud. He has expanded his illegal business by laundering the money that comes from his shell companies such as K5 Global, Brixia and G2Armory after doing business with the terrorists.
Tony is doing arms and weapons business with the terrorists through his shell companies and obtains hard cash in return. He smuggles the cash by trespassing the borders and deposit it in the local bank accounts of Lebanon. Then, he wires the money to the accounts of BME or his other shell companies with the help of his trusted banker friend. The friend of Tony also handles the forged documents of fake companies. After the money is deposited in the bank account, there is no way to distinguish between illegal and legal cash.
Through this process, Tony has been maintaining his illegal empire of gunrunning and fake contracting firms in Europe, Asia, and the Middle East. Finance is never a problem for such criminals, they always make a way out obtain cash illegally. People like Tony are a threat to the world, they would never stop selling weapons to the terrorists as their soul is corrupt and their heart is greedy. Governments should take some action to stop their illicit trades.