Dh involved in potential scam?!

[Mamaka]

After a suspicious call from my sil yesterday I did some snooping on my h's phone and found screenshots of a transfer of $5000 between 'solenco' and 'ynj corp' and my h. He then forwarded the money to 2 individuals. I have asked him about it and he said his sis asked him as a favour and he didn't ask for more info! Am I being overly suspicious or does this have scam written all over it?
I can't believe he could be so stupid as to hand out his bank details to people he doesn't know. His sis and mum have notoriously poor financial judgment and are always trying to involve my h. He usually doesn't tell me about it unless it backfires.
Feeling very suspicious and wary and a bit sick. What is the worst that could happen in this situation?

You are 'safe' in the sense that the money probably won't disappear from the account.

You are far from safe in the sense that your dh is not being open and honest with you. You don't trust him and with good reason. None of this seems like legitimate business activity.

It's still money laundering though, isn't it?

They can't take the money back out of your account, no. Not sure it makes your situation much better although you won't be out of pocket.
But yes, it is money laundering .

Sorry - once again this isn't true. The money can be taken back out again from his account, even though it's been sent on.

If the transfer came from a genuine account, and was taken by someone accessing it without the account holder knowing, the account holder will report it to their own bank. Their bank will then contact your husband's bank to say your husband has received fraudulent funds belonging to their customer and they want them back. If there is nothing in your DH's account to return then your DH's bank will say there's nothing to return. However, if there is money there - even if it's not the original £5k in its original form, his bank will still take it to return.

The reason is that the rule for apportioning and returning fraudulent funds is "first in first out." Not last in first out. If it was last in first out the fraudulent money would be gone by him making the transfer and therefore it wouldn't be there to return, but under the first in first out rule, if he has money in the account when he sends on the money he is deemed to have sent his own money first. The fraudulent funds are still there, and the bank can remove them to return to the sending bank.

Also - for the poster who said a foreign cheque clears in 90 days - this isn't true. A foreign cheque never actually clears, it can be returned any time, there is no outside time limit on it.

Pass is right. The bank can and would reverse the transaction if they believe it's part of an illegal operation, so you are not safe. I don't mean to sound rude, but do you honestly think scammers would risk losing their money? They do it this way because they know the only person to lose out is YOU and YOU have no comeback.

I'm actually a bit staggered at the incorrect information being given out in this thread as 'fact'. The bottom line is that the OP's DH has inadvertently or otherwise taken part in what's essentially a money-laundering operation. His very best bet is to bow out right now and write off any money that he loses. And then never do it again, no matter how much his Dsis asks or how hard up he is.

I didn't mean the money cant be taken back by the bank! But that the fraudsters can't take the money back now coz they feel like it.
If it's part of a fraud then the bank can do what they like.

But you can't personally send a transfer to someone and then take the money back out because you change your mind/it's gone to the wrong account.

If is a genuine above board transaction you have sent in error to someone's account, you can't just take it back. They have to sent it back to you.

Sorry rereading I didn't make myself clear.
The fraudsters can't take the money back if it was sent by transfer no.
But the bank and police are different matter!! As your h is involved in money laundering.

So your h is part of the 'layering' stage going to the 'integration'