I have an uncle in China who is trying to make some investments in Canada. As you may know, there are foreign exchange controls in China, but everybody goes around them. One easy to do it is to match up money coming into China with money going out of China.
I'm trying to help him move the money out (+$1 million USD). It seems the transaction would need to go through my Hong Kong bank account. I would then need to wire it back to the US into my US account. Then to the project.
Would helping him this way violate any US laws?