Montreal: Omar Dhanani Arrested For Money Laundering - Essay Example

After a year long investigation, police in Montreal has arrested a 29 year old man who is the alleged ring leader of an online criminal organization which laundered millions of dollars over a five year period. Officers seized evidence, including 3 Apple Laptops, multiple hard drives as well as physical ledgers. Dhanani was scheduled to appear in court this week.

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The arrest of Omar Dhanani seems to be related to the crackdown on the Liberty Reserve fraud payment processor, which has been shut down in late May in result of a joint investigation of Costa Rican and United States authorities. Liberty Reserve is probably the biggest money laundering case in the history and was a convenient tool especially for online criminals.

The arrest of Dhanani took place in the downtown. Police cruisers remained on the scene for quite a while. The result of the court hearing is not public yet. Dhanani is charged with money laundering, conspiracy to commit fraud, and fraud over $5000.