My sister-in-law and her husband currently live in northern Iraq. Due to the current dangers in that country and the fact that they're Christian, they are finding it more and more difficult to live there. They've decided to try to apply for Canada.
They just recently sold some property and have close to $80k in U.S. dollars. She wants to send the money to me, and I'm in Michigan. She wants me to hold on to it so they can leave Iraq and go to Canada.
I've never done such a thing. Would this affect me in any way being that it is a large amount? Generally speaking, how could they send me the money? What would the banks say or do if they suddenly see $80k in my account? Do I need to be concerned about taxes or other issues?