Singapore, China and a $2 Billion Money Laundering Scandal

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Singapore has long been a haven for the super wealthy, with its low taxes, safety and stability.Threatening to upend that carefully crafted image, however, is a sprawling $2.2 billion money laundering scandal. Though the vast majority of investment in the city-state is above board, its famous openness to inflows is now under scrutiny.
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30 сен 2024

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Комментарии : 390

@business 7 месяцев назад

Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: www.bloomberg.com/subscriptions?in_source=RU-vidOriginals

@dongshengdi773 6 месяцев назад

Singaporeans do this all the time

@silverchairsg 7 месяцев назад

I'm Singaporean, and I'm really mad at this. So much dirty money passing through my country, and I don't even get a cut.

@tdigital2597 7 месяцев назад

😂😂😂😂

@John_Smith_86 7 месяцев назад

Didn't you already received your Government cash vouchers and rebates? That is effectively your share of the cut, from the revenues earned

@NicotineftCoffeeFlavoredWater 7 месяцев назад

Get in on it, facilitate some

@rg1924 7 месяцев назад

It used for drug money

@triplediff 7 месяцев назад

I hope you're not watching this from a HDB flat ...

@davidrichards1741 7 месяцев назад

This is nothing. Don't forget that for a century or more, Switzerland specialized in coaching & helping customers evade taxes of other countries and helped by hiding their money in secret accounts.

@epicmetod 7 месяцев назад

i wonder if CERN is another money laundering, they cool nevertheless

@harry797442 7 месяцев назад

Well its nothing is it, big money is moving. Bigger money might be else where, but its not invalid.

@davidrichards1741 7 месяцев назад

@@harry797442 The point is that corruption is a fact of life everywhere and there are much bigger fish in Switzerland and especially where most of the dirty money is - in the US which has an abundance of financial crime whilst hypocritically exempting itself from regulations that it imposes on all other nations vis a vis US citizens, for example FATCA.

@ViolentCabbage-ym7ko 7 месяцев назад

whataboutism comment right here

@min57822li 7 месяцев назад

@@davidrichards1741 Same. Switzerland for US, Singapore for China which is much more corrupt

@Re_RAM 7 месяцев назад

How is HSBC not involved?!😂

@maestrovso 7 месяцев назад

And they don't realize Credit Suisse is long no more.

@wolfbane8290 7 месяцев назад

HSBC shifted their headquarters to London a while back. They doubled down on their British structure when Xi & the CCP started absorbing and governing Hong Kong.

@Danji_Coppersmoke 7 месяцев назад

2B is way too small...

@davidrichards1741 7 месяцев назад

@@wolfbane8290 That's symbolic HQ. The function HQ is in HK. Asia has more people, economy, and wealth than the rest of the world combined today. The entire real UK economy is smaller than several Chinese *cities* lol. HSBC is mostly in Asia, focused on Asia, and rapidly closing throughout the west. HSBC bank recently left US and Canada.

@letitiaprincess1125 7 месяцев назад

Because of US sanctions. As long as the transactions are conducted in USD whether the transaction took place in Singapore or elsewhere, the bank will be fined in millions of $$$. And HSBC has been fined heftily before 🤣Also, do you still remember Huawei’s Meng case? HSBC had to expose her otherwise the bank would be in deep trouble 🤣

@lesterksi4521 7 месяцев назад

Without dirty money, Singapore will collapse. Same with other financial centres.

@ggc7318 7 месяцев назад

and those from Indonesia, Russia, and the Middle East😅

@hijazzains 7 месяцев назад

Songapore GDP is inflated by these dubious financial transaction and services...its manufacturing and service sectors are too small to make up its GDP. Despite its gdp per capita its ordinary citizens purchasing power is not much different from its neighbours middle class.

@jesseye33 3 месяца назад

⁠@@hijazzainsI don’t think you have been to Singapore. It’s definitely not the same as Malaysia Thailand etc. maybe only comparable to HongKong

@parkerbohnn 2 месяца назад

The dirty money destroyed Canada by sending the cost of living into the stratosphere. Now all our locals are leaving the country and our dollar is dying as the Bank of Canada tries to reignite the biggest housing bubble in the world.

@jaymxu Месяц назад

What surprises me is that they are talking about this like it's new, I've heard about stuff since the 90's lol and that's just what I had heard... And I'm European. Singapore is to Asia what Marbella is to Europe. And what Dubai is to worldwide organized crime

@bbnv185 7 месяцев назад

That's why, in May 2023, a group from the Cayman Islands went to Singapore and Hong Kong. They aimed to make progress in opening an office in either city. The Cayman Islands are trying to keep up with Singapore and Hong Kong, which are becoming popular places for Asia's hedge funds and wealthy people to keep their money.

@parkerbohnn 2 месяца назад

Offshore bank accounts are legal Money luandering from China is and has always been illegal.

@Qoonutz 7 месяцев назад

The world's most efficient laundromat - Singapore.

@user-pt2pc5uf1g 7 месяцев назад

They knew abt this kind of dirty money all along. The Indonesians hv been doing this before the mainlanders came. The decision to zoom in came only when the price is right.

@alaina.vittoria1484 7 месяцев назад

Indonesian chinese you mean. Not all Indonesians are rich la

@johnnynephrite6147 7 месяцев назад

In March of 2006 I was in the DBS Bank on Orchard Rd in Singapore. A guy from China was was also waiting for a bank agent to serve him. He opened his bag and proceeded to pull out brick after brick of Chinese 100 yuan notes. He had no less than 2 dozen of these stacks of cash. Later I estimated that each stack was 100,000 yuan for a total of around $75,000USD. I asked my real estate agent who was helping me find an apartment. She said mainlanders routinely bring wads of cash into Singapore. In fact she had helped a 12 year old Chinese mainland boy rent an apartment as his parents had sent him to Singapore to attend school. He arrived alone by plane with a similar bag full of cash. Corrupt banking involving illicit money is as common as a bowl of steam boat or curry crab.

@Fr.VeniceLAI 7 месяцев назад

Precisely, Singapore is the World's rank 3rd Important Financial Centre, becos of such incredible efficiency to deal with Depositors' / Investors' monies; CASH / BANK DRAFTS / SWIFT REMITTANCES / Foreign Currencies futures / trading etc. etc. Personally, also encountered to declare CASH equivalent amount of SGD20,000 /- higher to ICA officers, at Singapore Airport, with documentations/source of the origin of the CASH and purpose of such importation. Actually, myself finding your story of a local bank, DBS Bank accepting stacks and stacks and stacks of Chinese Yuan 100 Cash notes making deposits, seemingly not possible, as if not mistaken, Singapore DBS Bank, does not accept direct physical Foreign Currency CASH bill notes deposits, only in Singapore Dollars Bill Notes. Are sure of this re-collection, or mistaken in Hong Kong, the Branch of DBS Bank there ??. Or the Chinese National observed, were depositing Stacks of Singapore 100 bill notes, where its orange color may be mistaken for the pink colored Chinese Yuan 100 bill notes?

@johnnynephrite6147 7 месяцев назад

@@Fr.VeniceLAI LOL you mean crooks. LKY and the whole lot of them are corrupt. Prostitution is rampant in SG, just go to Geylang and see it on the streets.

@donswee914 7 месяцев назад

Curry crab is quite hard to find.

@robertlee6338 7 месяцев назад

Lol just make things up

@Davos-st8ok 7 месяцев назад

Cute story, but that didn't happen. You can't bring in bags of cash into retail banks, this is not a cartoon.

@CameronAdamsify 7 месяцев назад

If the system managed to pick it up, and the authorities acted on it, to me that means the system is working. What is Singapore without their credibility? That's their biggest currency, after all. I think the problem for SG authorities is trying to trace down the illicit gains of wealth without, ruffling the hairs of some very important people in - for example - the Communist Party of China. They want to clean up shop, but not upset a key trading partner

@malekzin4788 7 месяцев назад

For every case opened and prep caught, how many gone under the radar. 1MDB scandal went through Singapore banking system and no one is charged.

@davidrichards1741 7 месяцев назад

Greetings from Singapore. The chinese government does NOT nor need to launder profits via Singapore; it just brings them to China and buys gold. That's why China has 200K metric tons of audited physical gold today worth $18-trillion, more than all other countries combined.

@CameronAdamsify 7 месяцев назад

@@davidrichards1741 you’re looking at it wrong. Not the CCP as its own, whole entity. But certainly individuals who’ve benefited from any position they may hold within the Party

@davidrichards1741 7 месяцев назад

@@CameronAdamsify Possibly so but this pales compared to the corruption, bribery, and illegal insider trading conducted bu US politicians. Nancy pelosi is a half-billiionare on an $80K svg lifetime salary, Obama owns two $16M houses after lifetime earnings of $3.2M before tax, etc. The list is endless and it doesn't add up, does it.

@jbrkjferkjbekjb 7 месяцев назад

based on your logic the system will always be working to you, because if it doesnt pick it up you wouldnt know

@ArabicReja973 7 месяцев назад

The $2B money laundering case shows Singapore 🇸🇬 is a haven for Chinese money laundrers. This is only a floating part of an iceberg.

@AhmetTekin101 7 месяцев назад

@@mingzmings88Any report on what you said or you are just trying to smear?

@matthewpeloso2172 3 месяца назад

Not just Chinese. SG is a pupular hub for laundering and tax avoidance.

@parkerbohnn 2 месяца назад

All the laundered money is in Vancouver, Canada real estate about half a trillion dollars worth.

@matthewpeloso2172 2 месяца назад

@@AhmetTekin101 ever been to SG? Check the news you see a little of the money laundering which was caught. Most of these things are not really reported by SG media.

@matthewpeloso2172 2 месяца назад

@@parkerbohnn most of the laundered money gets hidden in SG GDP as they have a lot of private businesses used to wash the stolen capital which report fake business transactions and hence fake profit.

@asi-oquabassey1999 7 месяцев назад

If the dirty money flowing through Singapore somehow helps to expand their economy, then I'm afraid I fail to see how the government would enforce any measures that at face value could negatively affect their economic growth.

@RUHappyATM 7 месяцев назад

I agree. SIn has always depended on foreign money.

@Unazaki 7 месяцев назад

Thing is though, Singapore built its reputation as 1 of Asia's cleanest places to do business, so having such a thing like this happening is an incredible stain on the country, especially considering the sheer scale of what was uncovered. I'm more of the view that they will try and stamp this out very hard and close the loopholes that were used to facilitate this whole operation because not doing so would significantly reduce Singapore's standard in the world of finance and business, which in turn could lead to investments being channeled elsewhere.

@RUHappyATM 7 месяцев назад

@@Unazaki It's all smoke and mirrors.

@joechang8696 7 месяцев назад

its worked pretty well for UK

@beepboopbeepp 7 месяцев назад

Same as London in the UK

@harezh8400 7 месяцев назад

Singapore dirty eeeee

@scottsanett 7 месяцев назад

What Singapore is to mainlanders now is essentially HK 10 to 15 years ago. Singapore needs to learn the lesson of HK.

@Parakeet-pk6dl 7 месяцев назад

There is no such thing as non dirty money, only legalised crime.

@benh4341 7 месяцев назад

🥱🥱

@albertwinston5730 7 месяцев назад

The system is running at par, maybe better. It's got one of the best bank secrecy laws in the world, that's how they keep the country so well maintained. It's Asia's Swiss, what do you expect.

@RnaGadeRmbler 7 месяцев назад

People are sickened...until they are bought.

@Kilimanjaro5896 7 месяцев назад

No wonder mainlanders are parking their families and wealth in SG. Pity the locals, though.

@ryanching8 4 месяца назад

Lin Baoying and Zhang Ryujin Has Partner in Philippines Called" Alice guo". A Local Mayor suspected chinese spy and connected to Chinese online gambling.

@oiramsq73 7 месяцев назад

...wait...wait... wait... people are JUST figuring this out? Nice work!

@g.aquino 2 месяца назад

Very clever of SG government to accept the illicit money but NEVER let it get back to the hands of these launderers. A monetary black hole!

@LordBagdanoff 7 месяцев назад

Just too expensive living there. Look at the property prices

@mdee8784 7 месяцев назад

Don’t be fooled this tiny island stinks to high heaven..

@Nontacticalboy 7 месяцев назад

Thats the whole idea of printing the SGD$10.000 bill.

@benitzers8858 7 месяцев назад

"The issue is, Singapore operates with strict governance, limiting public dissent, which has led to concerns when it comes to purchasing property or a vehicle."

@marcussver620 7 месяцев назад

yes

@Unazaki 7 месяцев назад

When was this mentioned in the video? O.o

@curzethemall 7 месяцев назад

Based.

@dreamsky999 7 месяцев назад

Switzerland of Asia

@RUHappyATM 7 месяцев назад

And the Swiss aren't clean either.

@fleischwolf82 7 месяцев назад

@@RUHappyATM it may have been a decade ago. Nowadays not anymore.

@maestrovso 7 месяцев назад

Cannot agree more.

@Matti_us_Alpe 7 месяцев назад

@@RUHappyATM I really dislike when USA and their media go around the world pointing finger at "dirty money states" while being themself the biggest "dirty money state". Cheers from Switzerland.

@Matti_us_Alpe 7 месяцев назад

And USA?

@HCL882 5 месяцев назад

What a very light sentence

@defaultuser666-wo2ex 7 месяцев назад

What about kleptocrats from neighbouring countries? Sarawak ministers for example.

@RUHappyATM 7 месяцев назад

True.

@danuaditya642 7 месяцев назад

...or Suharto?

@Resol26 7 месяцев назад

yup, they keep their stash in SG. Very secure & safe,

@vasavapr 7 месяцев назад

Wherever there is financial crimes, you can be sure that Switzerland's name will come up for sure.

@vfclists 7 месяцев назад

Only $2.2 billion? Try London

@garywilliams7086 7 месяцев назад

A conservative estimate that £100 billion is washed through London every year

@swjhc6358 7 месяцев назад

I thought this is Singapore main attraction..... Swiss do this too right......

@Now2Market 7 месяцев назад

Above board or Under board, still uses the same board, by simply flipping over.

@benitzers8858 7 месяцев назад

yes

@lastChang 7 месяцев назад

The Singaporean government had known about Chinese 🇨🇳 money laundering organizations operating in Singapore 🇸🇬 for a long time but *quietly looked the other way.* - Singapore only started investigating them when there were reports circulating around in the West.

@NewmaticKe 7 месяцев назад

Oh and we should believe you😂

@AhmetTekin101 7 месяцев назад

@@NewmaticKeWho's "we"? The Chinese?

@jirehrophe 7 месяцев назад

And we should listen because lastChang represents the pinnacle of truth and impartiality 🤣

@w3s77 7 месяцев назад

Singapore is a sunny place for shady people. Banking system cracks down on small operators, but lets big corrupt fish swim freely in their system. Terrible place for international banking for anyone with less than a few billion who can bribe government officials for a few million. Singapore officials don't care if they are catering to the worst people in the world, as long as they keep 10 figures in the banking system.

@tjm2218 7 месяцев назад

You have no idea what your talking about.

@w3s77 7 месяцев назад

@@tjm2218 please provide evidence. COE $100k, Honda Accord over $200k. Actual price is $250k USD. Banking, try to open international account with less than $10 mil, no chance. $100 mil + banks will charter private jets. This is Singapore.

@ggc7318 7 месяцев назад

The toilets are clean but money is dirty.

@teckhocktan5696 7 месяцев назад

@@tjm2218 So innocent. So cute.

@adamchan1998 7 месяцев назад

Isn't that how Singapore maintained its status?

@endor8witch 7 месяцев назад

exactly. it's "don't ask, don't tell". not sure why this case was made public in the first place cause it's just the norm

@adamchan1998 7 месяцев назад

@@endor8witch It's advertisement, "we are open for business"

@endor8witch 7 месяцев назад

@@adamchan1998 🤣🤣🤣

@reatile 7 месяцев назад

@@adamchan1998😂😂 they are way too lenient in Singapore with foreign money 😂

@pushslice 7 месяцев назад

Is there a commonality between the perpetrators of these dirty illicit activities? Asking for a friend .

@stantalovesalisia 7 месяцев назад

one coin has two sides, letting money flowing in def. attracts money laundry or "dirty" money.

@RUHappyATM 7 месяцев назад

SIN now finds it made a deal with the D*vil?

@SonnyDarvishzadeh 7 месяцев назад

7:17 "so we have to ask ourselves, what can we do better?" that's what I love to hear. Unlike Germany where people tend to use weaker and poorer countries as examples to say they're doing better than them. If you're number 1 in the world, you can still do better and remain number 1.

@MeiinUK 4 месяца назад

From this report it's obvious they are not poor. At all. Why can they have many children while the West are continuing abortions ? Noticed the differences ???...

@matthewpeloso2172 3 месяца назад

Yes, they need to do better covering it up.

@commentatorxyz5514 7 месяцев назад

There is a belief among responsible tax professionals in Australia that any client whose money is coming from Singapore should be heavily scrutinised or better be avoided. They know the Australian Tax Office will put an end to their professional career if something goes wrong.

@Thekidisalright 7 месяцев назад

Yet among all corruption index around the world Australia always ranked lower than Singapore lol

@davidrichards1741 7 месяцев назад

Yet the US has by far the most dirty money & corruption in the world. The entire continent of Latin America, Central America, plus all the corrupt US politicians launder many trillions yearly in the US, which refuses to comply with standard CRS, AML, AEOI global standards agreed on by all other nations, because the US knows almost all its cash inflows is dirty but US needs it to stay financially afloat.

@commentatorxyz5514 7 месяцев назад

@@Thekidisalright Yet Singapore is always ranked lower than New Zealand. So what? Neither Australia nor New Zealand is acting like we're better. The dodgy elements are still there hiding in plain sight in Singapore. You can act like rest of the world doesn't notice crime in Singapore, but it does.

@Marcus-kc6pr 7 месяцев назад

Cringe u can’t name 5 that think that LOL acting like most of the money in singapore is dirty

@davidrichards1741 7 месяцев назад

@@commentatorxyz5514 In fact there's more crime in Australia in a week than there is in Singapore in a year. Reutrn it to its rightful owners.

@SeeStars65 7 месяцев назад

If you need to wash the dirtiest money you go the best laundromat ie one with most restrict AML policy. Looks like someone was sleeping.

@marcussver620 7 месяцев назад

yes

@endor8witch 7 месяцев назад

singapore has always looked the other way to foreign money, no questions asked. this is nothing new. im surprised this news broke - or allowed by the government to be mentioned.

@jameslim3850 7 месяцев назад

So what happens to all the money & assets the Singapore government confiscated? Are they going to be returned/shared to the people and developments or just kept for the authoriteies own use? People need more transparency

@alaina.vittoria1484 7 месяцев назад

What do you think? The government is angry not because bad people abused their system to profit, but rather because they didn't get a cut of those wealth obviously

@nedergubis2638 5 месяцев назад

Many colluded.

@fanyong7883 5 месяцев назад

Money from mainland china make Singapore more expensive for the local people to keep up prices of housing skyrocketing .in the 8:56 end, Singaporean cannot afford to buy affordable houses for low and middle income group. No matter how smart pm or policy maker , please don't go to Singapore invest.

@krisoni450 5 месяцев назад

very rare to read comments like yours.. but it must be exposed singapore is just a refugees country from china, criminals escape to. so beware.

@windydragon6522 7 месяцев назад

Someone did say he’d welcome billionaires to Sg. How would his underlings take to his wish?

@wadeboggs5163 7 месяцев назад

Every financial hub has dirty money flowing through it. A minute video that somehow managed to say nothing.

@oicmacbens8788 7 месяцев назад

always remember money makes the world go round, so it's either you ride with the wave or go against it.

@hiddenname9809 7 месяцев назад

I thought Singapore does not have corruption problem.

@teykengwei 7 месяцев назад

Anti corruption is exactly why this case got cracked down.

@dwipramu4311 3 месяца назад

Singapore is a country that is experiencing economic benefits and growth. by saving dirty money from other countries 😅💸

@subonium 2 месяца назад

So funny! Have Singapore investigate and refund those dirty money of Indonesian politicians to Indonesia??

@maestrovso 7 месяцев назад

All the world's major financial and banking centers have the same problems. Name one for me that is better. They are incentivized to bank with dirty money, and their vibrant economies depend on it. There is no upside for cracking down. They always rationalize to their conscience and moral bearing, if any left, like drug cartels that if I don't do it someone else would. I am not making excuse for Singapore, but just stating the fact.

@stanlc3957 7 месяцев назад

Is there a Bloomberg series on other financial centres like London and New York?

@qinglan2982 25 дней назад

my country is basically dealing with this money laundering problems right now and the government is having hard time to deal with it

@DanH-u3f 7 месяцев назад

Money from China

@jonyq 7 месяцев назад

That old dude on the bicycle might have simply been on his way from his penthouse in Marina One get lunch at One Raffles Place.

@alaina.vittoria1484 7 месяцев назад

You never know. Probably the mastermind behind it all. That's why never get caught.

@wumingkkk 7 месяцев назад

Singapore's thirst for money is known. It is a business country rather than just a country, unlike US or China. It opens up to anyone who can throw money into the country. Hope the money laundering issue can wake up these bunch of politicians to look more into this open economy.

@acforsale5802 9 дней назад

These guys operates in the Philippines now. More loopholes to be exact

@jameslim3850 7 месяцев назад

The way says its his system and NOT "our" or "Singapore's" at 07:54 shows the impression as if that the country only belongs to them. Best to say our system instead of just my system.

@lhooi101 7 месяцев назад

I think you might be projecting a little here. The government runs and implements a system to run the country, so he may be referring to it as a system that he put in place

@eddyp2002 7 месяцев назад

i'm not surprise.

@mxy221 7 месяцев назад

Credit Swiss bank just can’t escape from any scandals hahaha

@ArabicReja973 7 месяцев назад

Zaobao has published dentical columns as the China Daily, blurring the line between Chinese 🇨🇳 state media and this privately held Singaporean 🇸🇬 newspaper.

@take2762 7 месяцев назад

I assure you nobody young reads zaobao. The chinese textbooks are enough. As for the older generation, they are already mostly pro china.

@AhmetTekin101 7 месяцев назад

@@take2762Yeah, but why Singapore allows that?

@humanshieldz 7 месяцев назад

Looking at the comments, every country has dirty money lol Just that some people are upset they are not getting a cut of it haha

@abhishekvanenooru2869 7 месяцев назад

i broke and i dont know why the fak i am watching these

@djibicisse 3 месяца назад

If they were from Another country I’m sure harsher sentence 😏😉

@tkyap2524 7 месяцев назад

Dirt is everywhere. It's how the cleaning is being done that's important. This is an open country and therefore its hospitality can be abused.

@Muza-f8k 6 месяцев назад

Просить не собирался и в сыновья или в ученики не набивался просто к слову сказал

@bobocharchar 5 месяцев назад

The young male reporter in the video Low De Wei is fresh out of school in 2021 with barely any solid real world working experience - I certainly wouldn’t see much credibility in his schoolboy “expert analysis” of such a complex subject.

@krisoni450 5 месяцев назад

very rare to read comments like yours.. but it must be exposed singapore is just a refugees country from china, criminals escape to. so beware. I t's n ot complex at all.Songapore is a cari makan island with limited natural and human resources. A survival island where criminals come to make money. Who gonna stop them?

@nmbileg 7 месяцев назад

I’m not into finance but any ordinary people can see that a sizable amount of money in the global finance system is a dirty money, I’d say 10-20%. In Singapore’s case, you can’t filter all the predators in the ocean.

@davidrichards1741 7 месяцев назад

The worst of all by far is the US. Becuase nothing there is enforced or reported. The US is the only nation to not report accounts but it forces all other countries to report all data to the US. Hypocrites as usual. US also refuses to comply with international CRS, AML, and AEOI standards that almost all other nations have agreed to.

@Paul-e9x4h 27 дней назад

Pada format hukum yang kuat dalam suatu negara didukung dengan perangkat keamanan yang terampil akan mudah mengatasi jaringan kriminal apa saja terutama mafia dalam keuangan yang cukup rumit sekalipun

@emalejack 7 месяцев назад

What do you do with the billions? Please distribute to the poor community…..it’s not a legal earnings so the gov shouldn’t keep them as this are unethical, is like robbing

@fanyong7883 7 месяцев назад

Yes agreed

@kelvin.008 7 месяцев назад

Why do you think Singapore home and car prices are amongst the highest in the world!😂

@exoticredtadpole2713 7 месяцев назад

Car prices yes, home not even close to many nations.

@junielesparas8018 3 месяца назад

Singapore is just like hong kong😂

@lastChang 7 месяцев назад

Besides money laundering, China has been using Singapore 🇸🇬 as a cover for its operations in other countries, including: - getting around US semiconductor restrictions and - hiding affiliation with the Chinese regime.

@Eminence_in_shadow 7 месяцев назад

U don’t know anything bot

@abbiejoyguabna5320 4 месяца назад

Is this the same incident Alice Guo is connected to?

@Millano18723 6 месяцев назад

They should back to Malaysia.

@ShahWirana 2 месяца назад

often the poorest are the most generous

@Bambotb 7 месяцев назад

How is them winning online betting which isnt illegal outside china money laundering ? Lol ridiculous

@gaberielherendez8767 3 месяца назад

Is it wechat or weeboo

@christopherlaw9184 7 месяцев назад

WHAT!!?? USD$2b only??!! In Vietnam, a well known Vietnamese businesswoman fraudulently took USD$44b‼️😳

@hyn__als 7 месяцев назад

Heard about that case, but i thought it was just $18b, do you mind enlightening me 😂

@Vintagerecordingspodcast Месяц назад

How do I get that share, I really need money.

@ZQR91 7 месяцев назад

Their is no evidence provided about the claimed dirty money in this video. Just discussion regarding the too much inflow of money from a certain country, which gives a hint of systematic financial racism. Just one question: How are things working in Switzerland, Luxembourg, London, NY, dubai, and some rich island nations?? Tons of documentaries can be made about them.

@SalmanovGadzhimurad-pj9qq 6 месяцев назад

Оттуда пошел скандал

@kingranchlampasas 7 месяцев назад

These are not criminals, because gambling is not a crime. Where is the victim?

@hafizhaniff4429 7 месяцев назад

Its illegal bcos gov cannot tax u.

@MyThought2024 7 месяцев назад

Singapore so stringent and calling itself a financial hub. How could it be a laundering hub. Already 1MDB a big deal now this one a syndicated .... who else involved.... How such a large amount go undetected. A big fish ...:or fishes....

@scottmarquardt3575 7 месяцев назад

Malala and Java have the most dangerous climate and tectonic position on the planet. Nothing like Hong Kong or Singapore. Maybe new Clark City in -Louisiana- Luzon is the answer for room to move.

@sierravictor8667 6 месяцев назад

Singapore - an Asian Switzerland. Family Office - Govt Endorsed Shell Company

@JohnDoe-gb8st 7 месяцев назад

The title is very misleading. While all the alleged criminals are Chinese or were Chinese, the dirty monies come from Myanmar and Cambodia, which organized crime organization operate illegal activities from.

@dan1327 7 месяцев назад

Do you really think all these people that are caught have these kind of money? There are top or higher rank/company behind all this money laundering cases. These is a large sum you are talking about.

@nd7908 7 месяцев назад

In every country facing lot of problem . Rich growth richer but middle and lower case become poor , Because of house rent increases. The government ownt take steps its becoming biggest fall of the richest cities . House renting rise every thing becomes rice .

@bayestraat 7 месяцев назад

At least the over $2B were actually gained from the exchange of goods or services, where there are mostly proponents whom got what they paid for illegal or not, and those gains would flow back into the economy anyway- whereas $2.6B in Malaysia... lol I dont think we need a further description of what happened there.

@vmoses1979 7 месяцев назад

1.5 trillion of 'investment' in 2022 - is that just foreign money parked in banks or is there actual productive investment in Singapore's economy? Being a financial warehouse provides little toward the broader economy beyond a small numbet of ppl working for financial institutions.

@containedhurricane 7 месяцев назад

It's similar to Switzerland and Panama

@SmartEngine- Месяц назад

Swiss ?

@rhesaramadhan8474 7 месяцев назад

Not surprising from a place once known released a 10000 Singapore Dollar banknote. I mean, that's a very HUGE amount of money in a single banknote.

@n2ni 7 месяцев назад

These notes are harder to use in the real world. Long time ago when my mom brought me to the bank, she deposited $10K notes and she is required to bring her identification card as well as verify where the funds are sourced from. If anything, these are sort of a "trap" for money launderers.